Essebsi & Shaath

Aeronautics: Safran Commits to Support Morocco’s Aerospace Ecosystem

Safran group, a leader in aircraft equipment manufacturing, has pledged to support and develop further Morocco’s aerospace industry ecosystem which continues to attract foreign investment. Under an agreement signed Wednesday with the Moroccan government, the French company, which designs, develops and manufactures aircraft engines & rocket engines, pledges to support its local suppliers and service […]

Algeria’s economy, a crisis in the making

Long ruling Bouteflika has stepped down after popular protests leaving behind him an embattled economy vulnerable to international oil prices. After years of unsustainable spending, Algeria’s foreign exchange reserve shrunk to cover only four years of imports making it difficult to sustain a generous subsidy system that has bought peace at the expense of financial […]

Morocco’s Managem rejects allegations by German newspaper on arsenic levels

Morocco’s largest mining company, Managem, categorically rejected allegations spread by German newspaper Süddeutsche Zeitung regarding its Abou Azzer cobalt mine. The allegations were related to arsenic levels due to mine operations and labor standards. “At Bou-Azzer, the ore is handled in full compliance with mining employee protection rules, from the moment it is mined through […]