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Tunisia: Inflation to top 10 % in 2023, deepening economic & political crises

Inflation will continue to soar in Tunisia reaching 10.5 pc in 2023 against 8.3 pc expected in 2022 deepening further the economic and political crisis rocking this country. The announcement of the inflation projection was made by Tunisian economy minister Samir Saeed at a press conference. “2023 will be a difficult year”, said the minister, […]

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 […]

Casablanca Police seize 3.5 tons of cannabis resin, two traffickers arrested

Moroccan police seized Sunday 3.5 tons of cannabis resin onboard a truck at the Tit Mellil motorway toll station near the city of Casablanca. The truck was coming from a city in northern Morocco. Police arrested the driver of the truck and a female passenger for her alleged involvement in the case. Both suspects have […]