Sir Suma Chakrabarti

Mohammed VI Fund for Investment, EIB sign new €500M financing package

the European Investment Bank (EIB) will extend the Mohammed VI Fund for Investment (FM6I) a new financing package worth €500 million. The Mohammed VI Fund for Investment (FM6I) and the European Investment Bank (EIB) have signed a mandate letter covering a financing package of 500 million euros for the Fund. The financing-related mandate letter, signed […]

Rising borrowing costs threaten growth in Africa’s three largest economies

Governments and businesses in Nigeria, Kenya, and South Africa are grappling with sharply rising borrowing costs, a trend that poses serious risks to economic growth across Sub-Saharan Africa, according to a new report by Moody’s Ratings. Over the past five years, debt servicing costs have surged in all three economies due to weak policy frameworks, […]

German ZF LIFETEC joins Morocco’s competitive automotive ecosystem

German ZF LIFETEC Company, a leader in automotive safety systems, has opened a production site in Tangier Automotive City, specialized in the manufacturing of vehicle steering systems. This state-of-the-art facility, built over 8,000 m2 area located near the Tangier Med industrial platform, marks a significant leap for global passive safety technology. The new plant employs […]