Omar Hilal

Tanzania doubles its FDI inflows to over $1bn in 3Q, reflecting investor confidence

Tanzania’s Foreign Direct Investment (FDI) figures went up almost twofold year-on-year to $1.05 billion between July and September against $524.4 million in the same period last year, a positive development that is widely attributed to growing investor confidence in the East African country. Released by the state-run Tanzania Investment Centre (TIC) in its quarterly bulletin […]

Morocco reportedly in quest to strengthen naval capabilities with submarines

Morocco is reportedly in talks to acquire its first submarines, a move that would mark a historic shift in its naval doctrine and significantly enhance its maritime defense capabilities, Global Defense News said. The initiative comes amid rising regional competition and reflects Rabat’s ambition to modernize its military and assert greater control over its strategic […]

Morocco’s Renault factory output up 9.3% in 2023

The Moroccan plant of French carmaker Renault reported a 9.3% increase in manufactured vehicles to 382,661, placing the factory as the second largest within the Renault group in terms of output volume. The figures were given by head of Renault Maroc, Mohamed Bachiri, who said 90% of produced vehicles were sold in 68 countries. Morocco-produced […]