Europe Finance Headlines International Maghreb Morocco

EBRD Lends €20 Mln to Moroccan SGMB Bank to Support Green Projects

The European Bank for Reconstruction and Development (EBRD) has approved a €20 million loan for Société Générale Maroc to enable the bank support SMEs involved in value chains and their green investments. The loan is part of an EBRD program focusing on improving SMEs participation in value chains supported by the European Union and the […]

Business Headlines Maghreb Mauritania

Mauritania to join list of uranium producers

Mauritania will enter the limited list of uranium producing countries in 2020 following the promising findings of the Australian mining company Aura Energy in the Tiris Zemmour mine. “The production of yellowcake is a true milestone for Aura Energy’s push to achieve producer status. To achieve yellowcake production from our site in the Sahara Desert […]

Asia Headlines International Libya Maghreb

Libya: GNA-linked forces bring down alleged UAE-made drone

Forces loyal to the UN-backed Government of National Accord (GNA) have announced that they have downed a United Arab Emirates-made drone used by East-based forces led by Khalifa Haftar who has launched an offensive to seize Tripoli. Tripoli’s southern outskirt has been since early April the theater of military confrontation where GNA forces have been […]

Headlines Maghreb Mauritania

Mauritania: Controversy over concession of F’Derick iron deposit

In Mauritania, the concession of F’Derick iron deposits to an Australian operator in unclear conditions continues to elicit Mauritanians’ disapproval. The controversy is gaining ground amidst the presidential campaign in the West African nation. Fdérik, also spelled F’derick, formerly Fort-Gouraud mining village, north-central Mauritania, is an important base for the exploitation of extensive iron-ore deposits. […]

Business Headlines Maghreb Morocco

Morocco to sell 8% of the capital of Maroc telecom

The Moroccan government notified on Friday the largest telecom operator in the country, Maroc Telecom, that it will sell 8% of the capital of the country. The sale will reduce the share of the Moroccan state in the company to 22%, with the majority of stakes up to now owned by the UAE’s Etissalat. “Maroc […]

Asia Headlines International Maghreb Morocco

OIC leaders praise King Mohammed VI’s action as head of Al Quds Committee

The summit of the Organization of Islamic Cooperation (OIC), held Friday night in Mecca, hailed the sustained efforts made by King Mohammed VI, chairman of the Al Quds Committee, for the defense of the Holy shrines of Islam in Al Quds Acharif. This came in the final communiqué issued by the 14th OIC summit, where […]

Business Europe Headlines International Maghreb Morocco

Morocco, Gateway for UK Businesses in Africa

As the United Kingdom braces for a hard Brexit without a deal with the European Union, the British government is looking for business opportunities outside the European bloc, focusing on building stronger economic cooperation ties with its traditional partners in America, Asia and Africa in addition to those of the Commonwealth. It is in this […]

Europe Headlines International Maghreb Morocco

Six Belgians of Moroccan Descent Enter Belgian Parliament

Six Belgian nationals of Moroccan origin were elected to the House of Representatives in Belgium during the federal, regional and European elections held May 26. The newly-elected MPs are Zakia Khattabi, co-president of the French-speaking Greens party (Ecolo), Ahmed Laaouej, president of the French-speaking socialist group, Meriam Kitir, president of the Flemish socialist group, Nabil […]

Africa Headlines International Maghreb

AFCON: CAF vows to beef security during competition in Egypt

The African football governing body CAF has pledged to tighten security during the African Cup of Nations to take place in Egypt, which has been battling with militant groups opposed to the regime of President Fattah al-Sisi. “Security is a big problem in the world, not only in Egypt. No country can be sure that […]