BCIJ

EBRD Lends €16 Mln to Varroc Lighting Systems Morocco

The European Bank for Reconstruction and Development (EBRD) announced Friday a €16 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The loan will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant in Kenitra, as well […]

African economy to grow 3.4% in 2024, World Bank

African economy is expected to grow by 3.4% this year and 3.8 in 2025, said the World Bank, noting that the rate was not enough to curb poverty. The continent needs higher growth rates to help at least 462 million people in sub-Sahara who were still living in extreme poverty by 2023, the World Bank […]

Morocco saves Spain again from bloody terrorist attack

Security cooperation between Morocco and Spain has acted as a bulwark against terrorist plots with the arrest in the North African country of a terrorist four days ago planning attacks on Spanish Sevilla. Spanish media reported that the suspect was planning terrorist attacks on Sevilla as it prepares to host the Semana Santa religious festival […]