moodys 2

Morocco’s automotive sector prepares for shift to electric vehicles

Morocco’s growing automotive sector is preparing the ground for the shift to electric vehicles as the country ambitions to set up a battery factory and further bolster the competitiveness of local part makers. In a push to achieve zero emission quest by 2050, the EU imposed a ban on petrol and diesel cars from 2035. […]

IFC to invest $100m in Nairobi-listed Diamond Trust Bank to back SMEs hit by pandemic

International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted by Covid-19, Zawya reports, citing Kenyan Wall Street newspaper. The investment will be in senior debt under its Covid-19 emergency response working capital solutions scheme (WCS FIGE). IFC initiated the […]

Rwanda: Dutch company Nots to invest $70m in solar factory

The Rwandan government signed an agreement with Nots under which the Dutch company will invest $70 million in a factory that will manufacture equipment for home solar kit suppliers. According to Rwanda’s Minister of Infrastructure Claver Gatete, there is an arrangement to purchase equipment for at least 100,000 households that will pay for them gradually […]