The United States has listed Algeria among the countries wherein the illegal trade in people is widely spread, affirming that it will work tirelessly to free those still enslaved and will punish their tormentors. In its 2020 Trafficking in Persons Report, Washington placed Algeria on its “Tier-3 watch list”, the lowest ranking, which could trigger […]
South Korean wheel manufacturer, Hands Corporation, will soon operate a factory worth 4.33 billion dirhams ($472 million) in Tangier. A ceremony marking the launch of construction works of the new plant was attended by Morocco’s Industry and Investment Minister Moulay Hafid Elalamy who said that the 23 hectare-factory will create 1300 direct jobs and will […]
Morocco’s BCP bank started talks with French BCPE bank to buy major stakes in four of its African banks. BCP said in a statement it aims at acquiring BPCE’s controlling stakes in Cameroon, Madagascar, Congo and Tunisia. The French bank owns 68.5% of Banque Internationale du Cameroun pour l’Épargne et le Crédit (BICEC); 71% of […]
