Insecurity ditches Burkina Faso’s gold output

Gold production in Burkina Faso dropped significantly due to a surge in Jihadist activity in a country where military rulers have been in power since September 2022. As Jihadist groups continue to wreak havoc in the wider Sahel, Burkina Faso suffered the most, accounting for almost a quarter of people killed in terrorist attacks globally […]

EBRD supports Morocco’s packaging industry with €15 Mln funding

The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s packaging industry with a €15 million loan provided to Multisac SA, local manufacturer of woven polypropylene bags in Morocco. The announcement of the funding coincides with the visit of EBRD chief Renaud Bassu is paying to Morocco. The €15 million loan will support the […]

AfDB supports modernization of Morocco’s railways with €300 million

The African Development Bank (AfDB) has earmarked €300 million for the Moroccan Railways Office (ONCF), that financed the project meant to increase the capacity of the Tangier-Marrakech railways axis, said the AfDB in a press release. Thanks to this financing coupled with technical assistance, the AfDB supports the modernization of the railways sector in Morocco […]