CIMAF gets €161.5m loan from IFC, EAIF & Proparco to expand operation in Mali, Senegal & Ghana

Ciments de l’Afrique (CIMAF) a subsidiary of Morocco-based Omnium des Industries et de la Promotion (OIP) has landed a €161.5-million loan from the International Financial Corporation (IFC), French-government-owned Proparco, and Emerging Africa Infrastructure Fund (EAIF) earmarked to increase capacities of its grinding plants in Mali, Ghana, and to launch a state-of-the-art integrated cement plant in […]

Moroccan University, Israeli aerospace industries partner to boost R&D

The International University of Rabat and Israel Aerospace Industries (IAI) agreed on Monday to exchange experiences and enhance cooperation ties in scientific research and innovation. The agreement was inked in Tel Aviv by Noureddine Mouaddib, President of the Moroccan University and Eytan Eshel, CEO of IAI. The deal will enable the Moroccan academic institution to […]

Congo: Students in restive North Kivu province unveil long range missiles to be used against M23 rebels

Congolese students in conflict-plagued eastern province of North Kivu have tested successfully long-range missiles and explosives capable of attacking the positions of powerful M23 rebels sowing havoc in the region. The students from the ISTA, the regional applied technical Institute in the provincial city of Goma, reportedly unveiled long range surface-to-surface missiles and explosives. They […]