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Afreximbank grants Tunisia $700m loan

Tunisia has received $700 million in credit facility from African Export–Import Bank known as Afreximbank.   President Kais Saied, according to a statement by the state-run television, approved the credit line requested by the Central Bank of Tunis.   The statement neither provided details on the period of the loan nor the interest rate.   […]

Oracle Expands R&D Activities in Morocco to Engineer AI Solutions for Global Market

U.S. computer company Oracle has announced plans to further strengthen its research and development (R&D) capabilities in Morocco by growing its local workforce to 1,000 information technology (IT) professionals. The goal is to speed up and accelerate the development of Oracle’s cutting-edge technologies that help solve customer challenges worldwide. A commitment agreement was signed Thursday […]

Aeronautics: Sweden’s Trelleborg joins Morocco’s thriving aerospace eco-system

Sweden’s Trelleborg group has pledged to invest €11 million in its plant to be set up in Morocco’s aerospace industrial zone, located in Casablanca suburbs, which are housing facilities of major industry players such as Boeing, Airbus, Sabca, Safran, Eaton, Matis, Nexans, Thales, Pilatus Hexcel… The Swedish group joins the expanding ecosystem with its engineered […]