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Safran expands its aircraft nacelle production in Morocco to meet growing demand

Safran Aerospace group has extended its aircraft nacelles production site in Casablanca. The 6,000 m2 expansion will enable the group to step up the production of the high-end Gulfstream G700/G800 business aircraft nacelles. Safran has invested €11 million in the site, which integrates the highest standards in the aviation industry. It thus becomes Safran’s reference […]

AfDB Grants €70 million financing facility to Morocco’s Bank of Africa to promote African trade

The African Development Bank Group approved a €70-million financing facility for Bank of Africa Maroc (BOA) to promote access to financing African trade. The package comprises a €50 million Risk Participation Agreement (RPA) and a €20 million Trade Finance Line of Credit (TFLOC), the AfDB said in a press release. “The African Development Bank, rated […]

Morocco ensues pre-emptive strikes against terrorist groups

After a master-strike that led to arresting six would be suicide-bombers, Morocco’s bureau for judicial investigation (BCIJ) found more explosive material hidden in a car in the residency where the sister of the group’s leader lived in Temara, near Rabat. The terrorist group loyal to IS was busted last week in an operation in which […]