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Morocco’s Ithmar Capital and African Development Bank Deepen Pact to Mobilize Africa’s Sovereign Wealth

Morocco’s Ithmar Capital and the African Development Bank Group have announced a strengthened strategic partnership aimed at intensifying the mobilization of African institutional capital for cross-border infrastructure projects. The announcement, made in Abidjan, brings together the AfDB Group and the Africa Sovereign Investors Forum (ASIF), chaired by Ithmar Capital’s CEO Obaïd Amrane. Building on their […]

Tanzania doubles its FDI inflows to over $1bn in 3Q, reflecting investor confidence

Tanzania’s Foreign Direct Investment (FDI) figures went up almost twofold year-on-year to $1.05 billion between July and September against $524.4 million in the same period last year, a positive development that is widely attributed to growing investor confidence in the East African country. Released by the state-run Tanzania Investment Centre (TIC) in its quarterly bulletin […]

Indian man arrested in Tangiers for alleged connection with illegal migration

Security forces in the city of Tangiers have nabbed an Indian national suspected for involvement in an illegal migration network and human trafficking. The man, who was arrested on Saturday, has been residing in Morocco illegally, according to a statement from the General Directorate of National Security (DGSN) released Monday, June 10. Security authorities suspected […]