ALGERIA-economic monitor

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 […]

Morocco’s King Launches Construction Works of Psychiatric Hospital in Agadir; Inaugurates Landing Spot for Seafood in Imourane

King Mohammed VI launched on Friday in Agadir the construction works of a psychiatric hospital, a project, which is part of the 2020-2024 urban development program of the city, set out earlier this week by the Sovereign.   This $5.6 million project, which reflects the interest granted by the Sovereign to the health sector, will […]

Morocco stands as best industrial alternative to Asia amid Red sea crisis

The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted supply chains leading many in Europe to think of Morocco as an industrial hub and an alternative to Asia. Weeks-long attacks on commercial vessels led global shipping firms- including Denmarks’s Maersk and Taiwan’s Evergreen- to avoid the Red Sea and […]