morocco economic emergence

Chinese automotive supplier Tianyouwei installs in Morocco with $76 Mln investment

Tianyouwei, a Chinese producer of automotive instrument panels and smart cockpit solutions, has decided to invest $76 million in its new production site in Morocco. The new plant will produce electronic dashboards and all in-vehicle electronic components destined for the European market. The Chinese company said the establishment of a manufacturing site in Morocco represents […]

Climate Change Adaptation: Morocco’s OCP gets $18 Mln loan from Canada–AfDB for desalination projects

The Canada–African Development Bank Climate Fund (CACF) provides Moroccan OCP group a $18 million concessional loan to support the construction of three seawater desalination plants. In a press release issued Tuesday, CACF said the funding is destined to advance Morocco’s climate adaptation efforts as the projects will enable the North African Kingdom to produce and […]

Somalia’s Puntland claims victory over Islamic State, but future challenges remain

After nearly two months of intense combat, Puntland forces in Somalia claim to have successfully pushed back Islamic State (IS) militants, dealing significant blows to the terror group in the region. However, despite recent victories, experts warn that the IS may attempt to regroup and continue its operations across the Horn of Africa. The offensive, […]