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Automotive equipment: EBRD Grants Novares Morocco a €16.5 million Loan

The European Bank for Reconstruction and Development (EBRD) has granted Novares Morocco, the Moroccan subsidiary of the French automotive supplier Novares Group, a €16.5 million loan. The amount will be used to finance the Novares project in Morocco, supplying the plants of Peugeot PSA in Kenitra and of Renault in Tangiers. The funds will also […]

Africa: AU Commissioner hails Morocco’s King contributions for solving migration issues

African Union Social Affairs Commissioner Amira El Fadil has lauded the valuable contributions made by King Mohammed VI as Leader of the AU on the issue of migration, saying the royal input has shown that migration can be a factor of co-development for both the source and host countries of African migrants. Speaking to journalists […]

Dubai-based solar developer raises $65m to power MENA

Yellow Door Energy, a Dubai-based solar developer this week said it raised $65 million to fund an expansion effort in the energy sector in the Middle East and Africa. The amount raised by the group — one of the major commercial and industrial-scale solar developers in a region — represents one of the largest venture […]