military equipment

Egypt applies to join Shanghai-based New Development Bank

Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]

Automotive industry unseats phosphates again as Morocco’s top exporting sector

Sales abroad by all segments of the automotive sector gained traction in the first quarter this year becoming Morocco’s top exporting sector again ahead of phosphates’ sales which topped exports last year. Morocco is home to two large plants by Stellantis and Renault as well as an automotive ecosystem exporting wire harness and interior parts […]

AfDB garners $29.2 billion in its investment forum in Rabat

Curtains fell on the Africa Investment Forum in Rabat which helped the African Development Bank (AfDB) mobilize a total funding of $29.2 billion for 47 projects, covering critical areas such as water supply, energy, transport, mining, pharmaceuticals, private equity, tourism, and infrastructure. The event drew 2,300 investors and delegates from 83 countries, AfDB chief Akinwumi […]