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Red Sea crisis to affect global trade, fuel inflation in Africa and beyond
Escalating attacks by Yemen’s Houthi rebels on ships in the Red Sea have not only unraveled a key global trade route, sending shipping and insurance costs soaring, but they are also threatening to again push up the cost of living in Africa that is already struggling with crippling debt. The Red Sea crisis and the […]
EBRD Supports Morocco’s Car Industry with € 15 Mln Loan to Varroc Lighting Systems
The European Bank for Reconstruction and Development (EBRD) supports Morocco’s automotive industry with a €15 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The EBRD’s financing will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant […]
BCP Group & Huawei Join Forces in Africa
Morocco’s BCP banking Group has partnered with Chinese telecom giant Huawei to provide various e-banking and mobile banking services to their clients in the African continent. A cooperation agreement was inked on Thursday in Casablanca by Kamal Mokdad, BCP Director for international operations, and Cao Jibin, Huawei manager for North Africa. BCP pledges to provide […]



