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EBRD supports Morocco’s manufacturing with €45.5 Mln funding

The European Bank for Reconstruction and Development (EBRD) announced on Wednesday a €45.5 million loan to Eczacıbaşı Consumer Products Maroc (ECP Maroc) to enable the Moroccan subsidiary of Turkish group Eczacıbaşı Consumer Products (ECP) to acquire Jeesr, a leading manufacturer of tissue paper products in Morocco. This is the Bank’s first cross-border acquisition financing package […]

U.S. explores multibillion-dollar mineral deals with DRC amid ongoing crisis in country’s east

The United States is engaged in talks to invest billions in the Democratic Republic of Congo (DRC), focusing on the country’s vast mineral resources, including cobalt, lithium, and uranium, crucial for global industries like electric vehicles and mobile phones. This move comes as the DRC faces ongoing conflict in its eastern regions, where Rwanda-backed M23 […]

US Secretary of State Pompeo choses Morocco for his maiden visit to Africa

US Secretary of State Mike Pompeo is expected this week in Rabat on a two-day working visit to the North African country, one of the major US allies in the region. The trip will be not only Pompeo’s first travel to Morocco and to an African country, but also the first visit by an American […]