West Africa’s ‘Brexit’: Mali stays with regional currency zone, Burkina Faso weighs exit

Mali has said it has no intentions of leaving West Africa’s currency zone, while Burkina Faso has hinted at its possible withdrawal after they, along with Niger, announced their departure from the region’s political bloc ECOWAS as a form of protest. In a blow to hard-fought regional integration, late January, the military governments of Burkina […]

Sweden’s Trelleborg launches construction works of new aerospace plant in Morocco

Sweden’s Trelleborg, specialized in sealing systems in the aerospace sector, has launched in Nouaceur (outskirts of Casablanca), the construction works of its new industrial plant. The €10.2 million project will eventually create 150 to 200 jobs and boost the capacity of the local aerospace value chain, in line with the Kingdom’s strategy to improve the […]

IFC lends OCP 100 mln euros to build four solar plants

The International Finance Corporation (IFC), an offshoot of the World Bank, agreed to lend Morocco’s phosphates and fertilizers giant OCP 100 million euros to fund the building of four solar plants, the two parties said. The agreement was announced during the International Monetary Fund-World Bank Group Spring Meetings in Washington DC. The green loan will […]