Morocco unveils $180 mln in new automotive sector investments

Morocco and five automotive part manufacturers signed 8 investment agreements worth 1.7 billion dirhams ($1.8 billion) to set up plants in different industrial locations to boost the wiring components, key to meeting the growing orders from electric vehicle makers. Speaking during the signing ceremony, Moroccan Industry Minister Ryad Mezzour said the new investments reinforce Morocco’s […]

Gaddafi’s Officials to Be on Trial Soon

The trial with Gaddafi’s officials, which has been eagerly expected by Libyans for three years, opens in Tripoli today (April 14). The trial includes also two sons of Muammar Gaddafi and about three dozens of former officials, all of whom are going to court over a long list of alleged war crimes committed during the […]

EBRD promotes energy transition in Morocco’s mining sector with €13.6Mln Loan

The European Bank for Reconstruction and Development (EBRD) on Tuesday reaffirmed its support for Morocco’s energy transition by providing a €13.6 million loan to PROCANEQ, a company set up in Morocco in 2016 to provide mining subcontracting services to OCP Group. The EBRD financing, meant to step up the sector’s green transition, will be used […]