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Tripoli clashes intensifying, amid rising safety fears - IOM

The “dramatically deteriorating humanitarian situation” in Tripoli has highlighted that much more needs to be done to protect all non-combatants caught up in the battle for the Libyan capital, as the number of victims rises and thousands flee their homes, the UN said on Tuesday. In an update to journalists in Geneva, the UN migration agency, IOM, reported that […]

Morocco’s BCP Bank Expands in Mauritius & Madagascar

Banque Centrale Populaire (BCP), one of Morocco’s three biggest lenders, continues its expansion in Africa with the acquisition of Banque des Mascareigne in Madagascar and the opening of a subsidiary in Mauritius, thus becoming the first Moroccan bank to operate in the island. With this acquisition, BCP reinforces footprint in the Indian Ocean as part […]

Tire Industry: Chinese Qingdao to Build $297 Mln Plant in Morocco

Qingdao Sentury Tire Company is planning to build a $297 million radial tires manufacturing plant in Morocco’s northern city of tangier. The new investment shows that Morocco continues to attract foreign investors due to its political stability, geostrategic position, skilled manpower, connectivity and proximity to European, Mideastern and African markets. The Tangier tire factory will […]