AfDB invests $11m in Luxemburg-based BluePeak Private Capital Fund for SME in Africa

The African Development Bank, AfDB, has made equity investment worth $11 million in Luxemburg-based BluePeak Private Capital Fund to support mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing, and logistics sectors, across Africa. The Abidjan-based bank in a statement said BluePeak – a flagship private capital fund – will provide growth capital to middle-sized companies […]

Nexans inaugurates new plant in Morocco for the production of fiber optic cable accessories

Nexans has inaugurated this Tuesday a new plant for the Telecom Systems Business Unit in Nouaceur, strengthening thus its industrial presence in Morocco. The new plant will serve the European market, as well as the North African market, the Paris-headquartered global company in the cable and optical fiber industry said in a press release. Located […]

Morocco pledges to play active role in combating synthetic drug threats

Morocco’s active role in the fight against synthetic drugs was highlighted during a virtual ministerial meeting to Launch the Global Coalition to Address Synthetic Drug Threats. The coalition, set up at at the initiative of US Secretary of State Antony Blinken, is meant to pool efforts to prevent the production and trafficking of illicit synthetic […]