Said Chaou

Tunisian court hands six-year prison sentence in absentia to former First Lady

The Tunis Court of First Instance condemned former First Lady Leila Ben Ali to six years in prison in absentia for traffic of influence, Webdo Tunis reports. The criminal chamber specialized in financial corruption cases accused the wife of Zine El Abidine Ben Ali who died in exile in Saudi Arabia in 2019, of using […]

Morocco Gets IFC Backing to Improve Business Environment

The Moroccan National Committee for the Business Environment (CNEA) has partnered with the International Finance Corporation (IFC) to improve the business climate in the North African country. Under the agreement signed Thursday by the two parties, IFC pledges to support CNEA in identifying the main barriers to the development of Morocco’s private sector. IFC, member […]

EBRD Supports Morocco’s Car Industry with € 15 Mln Loan to Varroc Lighting Systems

The European Bank for Reconstruction and Development (EBRD) supports Morocco’s automotive industry with a €15 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The EBRD’s financing will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant […]