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 […]
Libya and Bangladesh signed Wednesday October 25 a memorandum of understanding (MoU) to facilitate employment procedures and enhance cooperation between the two countries, ‘Libya Update’ reports. The Minister of Labor and Rehabilitation of the Libyan Government of National Unity, Ali Al-Abed, and the Minister of Expatriates Welfare and Employment of Bangladesh, Imran Ahmed, signed the […]
Foreign investment flows to Africa dropped by 3% in 2023 to $53 billion, despite an increase in investments in green energy projects, the UN Conference on Trade and Development (UNCTAD) said. While Egypt and South Africa drove the overall investment trend in the continent, countries such as Morocco and Mauritania are expected to benefit from […]
