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German Development Bank grants Tunisia €27.5 million loan

Germany’s Development Bank, KfW, has lent Tunisia €27.5 million earmarked for the modernization of the Medjerda canal project at northeastern Cap Bon. The loan will be used to modernize all infrastructures and equipment of the canal to meet the increasing demand in potable and irrigation water. The canal provides the cities of Tunis, Cap Bon, […]

AfDB lends €118 mln in support of Morocco’s Covid-19 social response

The African Development Bank extended a loan of €118 million to help Morocco address the social challenges triggered by the coronavirus pandemic.   The loan is part of a program launched in 2019 by the bank to help Morocco improve its social protection mechanisms.   In this respect, the current loan adds to a credit […]

China’s Tenglong to make car air conditioning parts in Morocco

China’s Tenglong plans to set up a 6-million dollar plant in Morocco to manufacture key car air conditioning components, Chinese media reported. The project was approved by the board of Tenglong which plans to produce in Morocco aluminum tubes for car air conditioning, air-con pipe assemblies, and connecting pipes for heat exchange systems, Chinese news […]