Sinai

US State Department Renews Algeria Travel Warning

The US Department of State has renewed its caution to travelers heading to Algeria due to the threat of terrorist attacks and kidnappings. “While violence has reduced significantly in recent years, terrorist groups remain active in some parts of the country,” the Department said on its website. Despite heavy police presence in major cities, “the […]

Africa Energy Summit ends with landmark declaration, pledging $50bn to electrify continent

30 African heads of state and government from across Africa have signed a groundbreaking declaration to mobilize $50 billion for the electrification of the African continent, aiming to build momentum for the ambitious goal of extending electricity to 300 million Africans. The agreement, signed on the final day of the ‘Mission 300: Africa Energy Summit’ […]

EBRD Lends €7.5 Mln to Tuyauto Gestamp Morocco

The European Bank for Reconstruction & Development (EBRD) is supporting Moroccan automotive sector with a €7.5 million loan to Tuyauto Gestamp Morocco, a greenfield joint venture producer of metal automotive parts owned by Gestamp Automocion (Spain) and Tuyauto (Morocco). The funds will finance the first phase of Tuyauto Gestamp Morocco’s operations in the welding and […]