IFC–OCP

Spanish Aerospace giant Aciturri expands in Morocco

Spanish aeronautical group Aciturri is expanding its presence in Morocco through a new partnership announced Wednesday. Under the new partnership, Aciturri will establish a new manufacturing facility in Midparc, a Moroccan industrial development company, with an estimated investment of $2.4 million (25 million dirhams) planned for equipment in 2024. The agreement, signed in Casablanca in […]

Morocco’s Bank Crédit Agricole gets $20 Mln Loan from EBRD to support exporters & importers

The European Bank for Reconstruction and Development (EBRD) announced on Wednesday a $20 million loan to the Moroccan bank, “Crédit Agricole du Maroc”, to support local exporters and importers The funds will be used to issue guarantees in favor of confirming banks and to provide cash financing for pre-export and post-import financing and for local […]

Algeria too Weak to Act as a Regional Arbiter

Algeria’s newly elected government suffers from scant legitimacy as pro-democracy Hirak continues its pressure, which has been ongoing for a year in favor of a genuine change. Meanwhile, the Algerian regime is seeking desperately to make its voice heard in its immediate neighborhood to no avail as it comes to terms to the reality that […]