Morocco’s automotive ecosystem is expanding and attracting more and more investors, upbeat over the North African Kingdom’s growth potentials in this very competitive sector. Among these investors, Nexteer automotive, which has unveiled plans to set up a new production facility in Kenitra, about 40 km to the north of Rabat. In a first stage, Nexteer […]
Commercial International Bank or CIB, one of Egypt’s leading private banks, has signed up for a $150 million loan from the European Bank for Reconstruction and Development (EBRD) to cushion against economic risks, a bourse statement said. Per the statement, the loan has a maturity of 10 years and will be used to optimize the […]
The EU’s carbon tax, agreed recently, is a chance for Moroccan industry operators to enhance their competitiveness. “We should not look at this measure as a burden on our industries. It is rather an advantage to overcome competition,” Minister of Industry and trade Ryad Mezzour told local media le360. EU governments reached a deal over […]
