The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters […]
Mauritania’s customs have released five vessels belonging to Ocean Fresh Food AS, a Norwegian company which has accepted to pay €2.6 million in fine, Le360.ma reports. Ocean Fresh Food AS according to its lawyer, Brahim ould Ebetty, has agreed to pay the penalty in a move to settle the lawsuit launched against it by the […]
American Hexcel Tuesday entered the Moroccan aeronautic market breaking ground on a new engineered core facility in MidParc Free Trade Zone Industrial Park in Casablanca, Morocco with an investment of $20 million. When fully operational in 2017, the facility will convert HexWeb® honeycomb materials into engineered core parts that are used for structural reinforcement and […]
