Tunisian-Libyan border

Safran to open Morocco’s first aircraft engine manufacturing plant in Casablanca, King Mohammed VI chairs presentation ceremony & launch of construction works of the complex

French Safran Group announced Monday the setting up of Morocco’s first aircraft engine manufacturing complex in Nouaceur, near Casablanca. The initiative was officially presented during a high-profile ceremony presided over by King Mohammed VI, who was accompanied by Crown Prince Moulay El Hassan. The new industrial complex, located within the Midparc integrated aerospace platform, will […]

Japan’s Sumitomo Group to open electronic cable production plant in Tunisia

Japan’s industrial giant Sumitomo Group will launch next year in Tunisia a plant where it will produce cable harnesses for automobile companies in Europe. The plant to be located in Monastir industrial park (NEOPARK), will be erected by Sumitomo Electric Wiring Systems Europe (SEWS-E), the Japanese group’s European subsidiary. The future plant will require investment […]

Currency depreciation triggers millionaires’ flights from Africa

Nearly 20,000 millionaires fled Africa in the past decade due to currency depreciations that eroded their wealth, according to Henley and Partners, a global citizenship and residence consultancy. The number of individuals with a wealth of $1 million in Africa dropped 8% to 135,200, while the number of billionaires was limited to 21 with a […]