djibouti Morocco investments

COVID-19: Morocco extends night curfew, other restrictive measures for two more weeks as of March 30

Morocco announced Monday the extension of the night curfew and other anti-coronavirus restrictive measures for two more weeks as of Tuesday, March 30 at 9 p.m., part of continued efforts to contain the spread of the epidemic and limit its negative repercussions.   Besides the night curfew from 9 p.m. to 06 a.m. nationwide, the […]

Morocco’s Attijariwafa Bank buys back $290 million of Gabon’s external debt

Attijariwafa Bank has conducted an early buyback of $290 million of Gabon’s external debt, in a transaction that will ease the debt burden in the country and foster its financial stability. The operation represents 50% of Gabon’s Eurobond. It was made by l’Union Gabonaise de Banque (UGB), the local subsidiary of Attijariwafa Bank. The operation […]

Safran to open Morocco’s first aircraft engine manufacturing plant in Casablanca, King Mohammed VI chairs presentation ceremony & launch of construction works of the complex

French Safran Group announced Monday the setting up of Morocco’s first aircraft engine manufacturing complex in Nouaceur, near Casablanca. The initiative was officially presented during a high-profile ceremony presided over by King Mohammed VI, who was accompanied by Crown Prince Moulay El Hassan. The new industrial complex, located within the Midparc integrated aerospace platform, will […]