A consortium led by UK’s Global Ports Holding, the world’s largest independent cruise port operator, has been awarded by Moroccan authorities “preferred bidder status” to operate the Casablanca new cruise terminal. Besides GPH, which owns 51% of the consortium, the selected group includes local shareholder, Steya (40%) and Spanish Ocean Infrastructures Management (9%). After becoming […]
Rio Tinto Group’s subsidiary in Guinea has formed an infrastructure joint venture with Winning Consortium Simandou (WCS) and the government to develop a railway and port, paving the way for work to resume on the world’s largest undeveloped iron ore project. The joint venture for the Simandou is a milestone for Rio and WCS, whose […]
Dolidol, a Moroccan manufacturer and distributor of bedding products, has secured a €20 million financial support of the International Finance Corporation and Proparco to enhance its production and sales in Nigeria. The financing package includes a loan of €13.5 million from IFC and €6.5 million provided by Proparco, the French Development Institution. The financing will […]
