Sonatrach_Lukoil

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. […]

Attijari Bank Tunisia gets €20 Mln funding to support small Businesses

The European Bank for Reconstruction and Development (EBRD) announced on Friday a €20 million risk-sharing facility (RSF) to enable Attijari Bank Tunisia, a subsidiary of the Moroccan Attijari Wafabank, support Tunisian small businesses to gain better access to financing. Since the outbreak of the coronavirus pandemic, existing challenges to access funding and liquidity have become […]

Algeria: Sonatrach reveals $90 billion investment, Shale gas production set for 2022

Chief Executive Officer of state-owned Sonatrach, Said Sahnoun, asserted that their five-year investment plan will go ahead despite plummeting oil prices. Addressing the ninth North Africa Oil & Gas Summit held in Algiers, he also said that the exploitation of shale oil for production is scheduled for 2022. Analysts believe that the global slumping of […]