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Covid-19: Royal Gendarmerie participates in Morocco’s masks production success story

Since the outbreak of the coronavirus pandemic, Morocco adopted a set of preventive measures to face the looming health crisis. Part of the measures it adopted, Morocco imposed the compulsory wearing of masks and mobilized several industrial units to produce locally protective facemasks, a move that was described by international media a success story as […]

AfDB lends Morocco €100 Mln for infrastructure projects in rural zones

The African Development Bank has lent €100 Million to Morocco’s Communal Equipment Fund to support sustainable infrastructure projects aimed at reducing territorial and social disparities in the North African Kingdom. The loan agreement was signed Friday in Rabat by the African Development Bank (AfDB) and le Fonds d’équipement communal (FEC). The money will serve to […]

Egypt : Qaala Holding divests stake in Pharos at $ 5.3 million deal

The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]