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EBRD Lends Attijari Bank Tunisia $1.6 million to Support Pharmaceutical Firm

The European Bank for Reconstruction and Development (EBRD) extends Attijari bank Tunisia a $1.6 million loan to enable pharmaceutical company Teriak enhance productivity and improve energy efficiency. The risk-sharing facility will help Teriak purchase new machinery & equipment and to undertake maintenance work at its Jebel Ouest facility. The funding will complement investment by the […]

OCP mulls phosphates investment in Togo

Morocco’s phosphates and fertilizers producer OCP said it plans to launch a feasibility study for the setting up of a phosphate-based fertilizers plant in Togo. A deal was signed by Togolese agriculture minister Antoine Kepka Gbebgeni and head of OCP Africa Mohamed Anouar Jamali. The plant is expected to be achieved in the medium term […]

Algerian regime battling windmills, Morocco shifting into higher economic gear

While Algerian rulers continue funning conspiracy theories, escalating rhetoric and provocative actions against neighboring Morocco, the North African Kingdom remains focused on drawing foreign investors and creating business opportunities to speed up sustainable development and inclusive growth. Morocco has succeeded in building competitive automotive and aeronautic industries thanks to its open enterprising economy, political stability, […]