Algerian communication Minister Ammar-Belhimer

EBRD supports Morocco’s automotive sector with €15 Mln funding

The European Bank for Reconstruction and Development (EBRD) has approved a €15 million loan to Moroccan car equipment supplier, Tuyauto, which produces stamped metal components, exhaust systems, and heat shields. The loan is guaranteed by the EU through the European Fund for Sustainable Development Municipal Infrastructure and Industrial Resilience program to support the company’s environmental […]

Shell to pay 15m euros in compensation to Nigerian farmers over oil spills

Shell will pay 15 million euros in compensation to Nigerian farmers for oil spills that severely polluted three villages in the Niger Delta, the oil giant has said in a statement. A court in The Netherlands ruled in 2021 that Shell’s Nigerian subsidiary was liable for damages resulting from the spills and ordered the oil […]

Moroccan textile exports hit new record, professionals seek action on upstream

Morocco’s textile industry has outperformed pre-pandemic levels hitting 3.26 billion dollars in exports up to November this year according to foreign exchange data, but professionals warn of the heavy dependence of Moroccan textile sector on imported material. For decades, Morocco is in the top 10 list of suppliers of the European market and takes the […]