Kenya Lamu project rejected

Morocco’s Ithmar Capital and African Development Bank Deepen Pact to Mobilize Africa’s Sovereign Wealth

Morocco’s Ithmar Capital and the African Development Bank Group have announced a strengthened strategic partnership aimed at intensifying the mobilization of African institutional capital for cross-border infrastructure projects. The announcement, made in Abidjan, brings together the AfDB Group and the Africa Sovereign Investors Forum (ASIF), chaired by Ithmar Capital’s CEO Obaïd Amrane. Building on their […]

TE Connectivity Builds its 4th Plant in Morocco for $15 Mln

The Swiss-based technology company TE Connectivity, which designs and manufactures automotive sensors, is expanding its activities in Morocco wherein the car industry is booming. TE will build a new plant in the Tangier automotive city. The factory, to cost over 15 million US dollars, is the fourth of its kind in the North African Kingdom. […]

BADEA provides Togo $16m to support SMEs

Togo and the Arab Bank for Economic Development in Africa (BADEA) signed Thursday a $16 million loan earmarked to provide support for the West African country’s Small and Medium Enterprises (SMEs). Togo’s Finance Minister Sani Yaya and the BADEA President Sidi Ould Tah inked the financing deal on the sidelines of the ongoing Africa SME […]