Facing a continuous rise in non-performing loans on Moroccan bank balance sheets, the International Finance Corporation (IFC) and German group EOS Holding are preparing an investment vehicle worth up to 60 million euros. The operation aims to create new capacity for buying and managing distressed assets while helping a secondary market for bad debt emerge […]
At least 32 people were killed and 86 others injured on Monday in drone strikes attributed to Sudan’s paramilitary Rapid Support Forces (RSF) in central and southern parts of the country, according to local and medical sources. In Sinja, Sinnar State, at least 27 people were killed and 73 wounded when an RSF drone struck […]
Morocco’s electric vehicle battery ecosystem is gaining momentum with the announcement of a new $363.5 million investment to be injected by China’s BTR New Material Group in its second plant to be built in Mohammed VI Tangier Tech City. In its latest press release, the Shenzhen-based firm said its 2nd factory in Morocco will produce […]
