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Nexans inaugurates new plant in Morocco for the production of fiber optic cable accessories

Nexans has inaugurated this Tuesday a new plant for the Telecom Systems Business Unit in Nouaceur, strengthening thus its industrial presence in Morocco. The new plant will serve the European market, as well as the North African market, the Paris-headquartered global company in the cable and optical fiber industry said in a press release. Located […]

Fitch: Moroccan Banks show resilience despite Macro-economic challenges

Moroccan banks continue to show resilience despite challenging global and domestic macro-economic conditions, Fitch Ratings says in a new report focusing on the country’s seven largest banks. Banks have built up healthy provisions buffers since 2020 and are well-placed for a continued recovery in profitability in 2024 amid rising interest rates, says the rating agency. […]

Burundi-Rwanda-Tanzania: the Rusumo dam completed at 35%

The 80 MW-capacity facility is planned to serve three countries, namely Rwanda, Burundi and Tanzania. It should be completed in 2020, the authorities of the three countries affirm. “We want to assure the public that the deadline will be respected,” said Claver Gatete, Rwandan Minister of Energy. Once completed, the infrastructure will provide each country […]