Pompeo in Rabat

Chinese automotive supplier Tianyouwei installs in Morocco with $76 Mln investment

Tianyouwei, a Chinese producer of automotive instrument panels and smart cockpit solutions, has decided to invest $76 million in its new production site in Morocco. The new plant will produce electronic dashboards and all in-vehicle electronic components destined for the European market. The Chinese company said the establishment of a manufacturing site in Morocco represents […]

Libya : UAE and Egypt behind unidentified Libyan airstrike, US officials

Despite Egypt and the United Arab Emirates (UAE) refuting allegations that they are involved in the airstrikes by unidentified warplanes, U.S officials have stated that the two countries were behind the attacks. Libya suffered two separate air strikes in the past couple of days. Their targets were the Islamists. Cairo has always warned that it […]

EBRD promotes energy transition in Morocco’s mining sector with €13.6Mln Loan

The European Bank for Reconstruction and Development (EBRD) on Tuesday reaffirmed its support for Morocco’s energy transition by providing a €13.6 million loan to PROCANEQ, a company set up in Morocco in 2016 to provide mining subcontracting services to OCP Group. The EBRD financing, meant to step up the sector’s green transition, will be used […]