FMs of Morocco & Barbados

Africa: Infrastructure development funding hits $100 Billion

Funding destined to infrastructure development in Africa hits $100 billion in 2018, the Infrastructure Consortium for Africa (ICA) has announced. The ICA’s Infrastructure Financing Trends in Africa 2018 report shows that financing of infrastructure in Africa reached a new high of $100.8 billion in 2018, a jump of about a quarter on 2017 and 38% […]

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 […]

Ex-Guinea leader, son of Mali’s ex-president sanctioned by US for right abuses

The United States has imposed sanctions on more than 40 people and entities for alleged rights abuses from nine countries, which include asset freezes of Guinea’s former President Alpha Conde and Karim Keita, son of former Malian President Ibrahim Boubacar Keita. The US Treasury’s Office of Foreign Assets Control (OFAC) said in a statement the […]