Pharmaprom Invests 75 Million Dirhams in Casablanca Facility Expansion

Pharmaceutical manufacturer Pharmaprom is set to invest 75 million dirhams in expanding its production facility in Lissasfa near Casablanca, signaling growing confidence in Morocco’s pharmaceutical sector. The expansion, led by CEO Naoual Benyezzar, aims to significantly increase the company’s industrial and logistics capabilities as it targets 150 million dirhams in revenue within three years. The […]

China’s Export Import Bank taps into Attijariwafa Bank African network with $5 bln

China’s Export Import Bank and the Casablanca-based Attijariwafa Bank will join efforts in a $5 billion bank dedicated to boosting African exports to China and promoting industrial activity in the countries where the Moroccan bank operates. The deal attests to the credibility and large network of Moroccan banks in Africa, as well as Morocco’s efforts […]

No breakthrough in Egypt-Ethiopia Nile water talks

Talks between Egypt and Ethiopia on sharing the Nile water have hit a dead-end as both parties trade accusations. As Ethiopia’s Renaissance Dam, the largest in Africa, nears its completion, Egypt protested that the installation may block its share of Nile water, which secures more than 90% of the water supply in the arid country. […]