Related Articles
Sweden’s SKF Invests $4.9 Mln in Factory in Morocco
SKF, the world’s biggest bearings maker, announced on Monday a $4.9 million investment earmarked for building a manufacturing site in Tangier in Morocco. The Swedish company said the plant will enable it to meet growing demand for magnetic bearings used in turbomachinery and other high-speed applications, including hydrogen gas liquification and for oil-free industrial compressors. […]
Morocco receives IMF’s Precautionary Liquidity Line worth $3.47 bln
The Executive Board of the International Monetary Fund (IMF) approved on July 22 a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for 3.47 billion dollars. The new PLL arrangement will provide Morocco with useful insurance against external shocks as the authorities pursue their reform agenda aimed at further strengthening the economy’s […]
Conflict, climate change threaten 50 mln West Africans with hunger
At least 50 million people in west and central Africa are facing the risk of hunger due to conflict, displacement, economic hardship, and repeated extreme weather, the World Food Program warned. “More than 36 million are struggling to meet their basic food needs, which is projected to rise to over 52 million during the lean […]



