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Morocco’s textile operators rejoice at amendment of Morocco-Turkey FTA

Moroccan textile operators lauded the government’s approval of the amendment of the FTA with Turkey saying such a move would help restore balance to the domestic market and save local industry and jobs. Morocco and Turkey agreed to reintroduce customs duty amounting to 90% on 1200 Turkish industrial goods to help curb the chronic deficit […]

Tunisia: Afreximbank to support private and public enterprises & banks with $1.3bn loan

The African Export–Import Bank, Afreximbank, will lend Tunisia $1.3 billion to support public and private enterprises as well as public and private banks. Afreximbank director of trade financing Aymen El-Zoghbi said $500 million will be allocated to boost state-run and private companies. The remaining $800 million will be earmarked for supporting banks in private and […]

BMW to abandon DR Congo Cobalt for Morocco in fight against child labor

The German carmaker BMW announced Tuesday it will from next year stop sourcing cobalt mineral from DR Congo and will shift to Morocco and Australia where working conditions are acceptable and not linked to child labor. The German company is planning to start producing electrical cars next year. BMW and other world carmakers are under […]