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Automotive industry: Turkish Martur Fompak injects over $35 million in new factory in Tangier

North Africa Post

Turkish automotive supplier Martur Fompak International inaugurated an industrial plant on Tuesday, March 1 in Tangier Automotive City.   Built over 38,487 m², the plant required an investment of more than $35.6 million (340 million dirhams) and will allow the creation of 1,150 jobs.   Located in one of Morocco’s biggest industrial zones, the factory […]
Headlines Tunisia

Tunisia: Probe launched into gas explosion at Interior Minister’s residence

North Africa Post

Tunisia’s Justice Ministry has commissioned an investigation into causes of a gas explosion at the house of Interior Minister Taoufik Charefeddine, Webdo Tunis reports. An explosion rocked the Minister’s house on Monday. The authorities blamed gas leak as cause of the blast. The explosion took place in the kitchen, the interior ministry said in a […]
Africa Finance Headlines International

New debt tracker signals shift toward Africa’s financial sovereignty

North Africa Post

In a landmark move to address Africa’s mounting debt crisis, finance ministers across the continent have adopted the African Debt Monitoring Mechanism (ADMM) — a real-time, continent-wide system designed to track both domestic and external debt. Approved during the 8th Ordinary Session of the African Union’s finance-focused committee in South Africa, the ADMM is hailed […]