algeria-Polisario

Moroccan car manufacturer Neo Motors opens showroom in Rabat

Moroccan car manufacturer Neo Motors opened its first showroom in Rabat and started delivering vehicles to customers. Neo Motors is the first car maker in the Moroccan capital with factories near Rabat and a price tag starting at 175000 dirhams. Neo Motors plans to open 15 other showrooms across Morocco. Neo Motors’s Rabat factory has […]

Algeria reeling under undeclared martial law (UK Think-Thank)

Algeria is in an effective state of undeclared martial law. The country is currently run by a group of shadowy figures from the military and intelligence services, says a report released by Menas Associates, a UK consultancy firm providing actionable intelligence. The Algerian body, Haut Conseil de Sécurité (HCS), is supposed to intervene only when […]

AfDB Grants €70 million financing facility to Morocco’s Bank of Africa to promote African trade

The African Development Bank Group approved a €70-million financing facility for Bank of Africa Maroc (BOA) to promote access to financing African trade. The package comprises a €50 million Risk Participation Agreement (RPA) and a €20 million Trade Finance Line of Credit (TFLOC), the AfDB said in a press release. “The African Development Bank, rated […]