Moroccan FM Nasser Bourita & Serbian speaker Ivica Dačić

Morocco, Germany’s KfW ink financing deals

Morocco and the German Development Bank (KfW) on Wednesday formalized three loan agreements totaling 250 million euros and two grant agreements amounting to 7 million euros. The agreements are earmarked for financing three pivotal projects focused on social protection, sustainable mobility, and irrigation. These agreements were signed in Rabat by Fouzi Lekjaa, Minister in charge […]

Morocco Thwarts another Deadly Terror Plot

Moroccan security services said Wednesday they have averted and foiled terrorist attacks in the North African country thanks to the recent arrest of three extremists affiliated to ISIS terror organization. The three captured men were active in the Northern Moroccan cities of Tangier and Mdiq, said a press release issued by the Ministry of the […]

CIMAF gets €161.5m loan from IFC, EAIF & Proparco to expand operation in Mali, Senegal & Ghana

Ciments de l’Afrique (CIMAF) a subsidiary of Morocco-based Omnium des Industries et de la Promotion (OIP) has landed a €161.5-million loan from the International Financial Corporation (IFC), French-government-owned Proparco, and Emerging Africa Infrastructure Fund (EAIF) earmarked to increase capacities of its grinding plants in Mali, Ghana, and to launch a state-of-the-art integrated cement plant in […]