Algeria Kabylie

EBRD Lends €16 Mln to Varroc Lighting Systems Morocco

The European Bank for Reconstruction and Development (EBRD) announced Friday a €16 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The loan will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant in Kenitra, as well […]

French Société Générale confirms sale of its Morocco bank to Saham for €747 million

French Société General plans to sell its majority stake in its Moroccan branches to Saham group for 745 million euros, as it continues its divestment from the African continent. The transaction which includes Société Générale Marocaine de Banques and La Marocaine Vie is expected to be completed by end of 2024. The French group owns […]

Coronavirus: Morocco opens probe following publication of names of passengers who travelled with infected man

Health Ministry reports a second confirmed case.             Morocco’s Personal Data & Privacy Protection Authority has opened an investigation following the publication in social media networks of the list of the 104 air passengers who travelled with the first Moroccan affected with coronavirus. “This is a violation of privacy and […]