Algerian President Tebboune

EU earmarks €80 million to improve disasters management in Africa

The European Union has earmarked €80 million to improve the resilience of several African countries to extreme weather hazards, including floods and droughts.   Angola, Botswana, Ghana, Tanzania, Zambia are among the recipients of the EU financial support.   The program is being implemented in Africa by four partners namely the African Union Commission (AUC), […]

IFC, Zalar Agri Partner to Support Sustainable Agriculture in Morocco

IFC, a member of the World Bank Group, is providing $24 million in financing, including a $12 million C loan for IFC’s own account and a mobilization of a $12 million B loan through IFC’s syndication program to Zalar Agri, one of Morocco’s leading fruit producers, as part of an effort to create jobs and […]

Morocco’s Industry Minister Pushes Back Against European Criticism of Chinese Industrial Investment

Morocco’s Minister of Industry and Trade, Ryad Mezzour, has firmly rejected European accusations that the kingdom is serving as a conduit for subsidized Chinese products entering the EU market. Speaking on Médias24’s flagship program, the minister responded directly to a Financial Times article that characterized Morocco as a potential Chinese manufacturing platform targeting Europe, and […]