South Africa gold mine

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, Tunisia to Give New Momentum to their Relations

Morocco and Tunisia are poised to give a new momentum to their traditionally close bilateral relations, not only at the political scale but also at the level of economic relations and trade ties. Ways and means to fulfil the goal are being discussed at the highest level between Tunisian President Moncef Marzouki and Morocco’s King […]

Algeria already failing to honor gas supply deals with Spain

Algeria has reduced by 25% gas supplies to Spain, after the latter changed its stance to support Morocco’s Sahara autonomy plan, Spanish media said. The gas transiting through the Medgaz pipeline was down by a quarter since Spain edged closer to Morocco, confirming once more forecasts by analysts who had warned Spain of Algeria’s unreliability […]