A New Step for Kenitra Site to Support Growth Plans for Middle East and Africa Region

At the occasion of meetings with the Moroccan Head of Government, the Minister of Industry and Trade, and the Minister Delegate to the Head of Government in charge of Investment, Convergence and Evaluation of Public Policies, Stellantis today announced an over €300 million investment in its Kenitra manufacturing facility aimed at doubling the site’s production capacity and launching the “smart car” platform. This enhanced capacity supports the Company’s growth plans for Middle East and Africa region, as it pushes to […]

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Q36.5 Pro Cycling Team – Racing the Future

By partnering with Q36.5, our riders will benefit from their expertise in creating world-class performance cycling innovations We are proud to announce the Q36.5 Pro Cycling Team (https://www.Q36-5.com/), and to unveil the 23-rider squad that will represent us in the upcoming 2023 season. Italian cycling brand Q36.5, known for its award-winning cycling innovations, will be the sponsor and technical garment provider of the team, which will be managed by Douglas Ryder. Our mission of ‘Racing the Future’ will guide the […]

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Inflation, Weaker Currencies and Climate Change Top List of Concerns for African Economies, According to New Survey

45% of surveyed CEOs are worried by financial risks,of these, more than 60% are concerned about currency depreciation. The need to adapt to climate change was the second most pressing issue. New survey takes the temperature of business across Africa. Financial risks, including currency depreciation and inflation, is topping the list of challenges facing the 54 African economies in the year ahead. That’s according to a new survey of the continent’s leading insurance professionals, conducted by the pan-African reinsurer, Continental Reinsurance. […]

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African Development Fund extends $3 million in additional financing for Liberia’s Special Agro-Processing Zone scheme

photo: Women selling various grains at a community market in Monrovia, Liberia. The Board of Directors of the African Development Bank Group has approved an additional $3 million of mixed financing for the Special Agro-Industrial Processing Zone project in Liberia. The financing, approved on 12 October 2022, comprises a loan of $2.92 million and an $80,000 grant sourced from the African Development Fund, the Bank Group’s concessional lending arm for the continent’s low-income countries. On 20 October 2021, the African […]

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African Development Bank to showcase its youth agenda at Youth Connekt Africa Summit

What:      African Development Bank to host session at Youth Connekt Africa Summit Who:      The Government of Rwanda; YouthConnekt Africa Hub, the United Nations Development Programme; African Development Bank, Development Partners When:     14 October 2022 Where:    Intare Conference Arena, Kigali, Rwanda African Development Bank Vice President for Private Sector, Infrastructure and Industrialization Solomon Quaynor will join Africa’s young generation of innovators, policymakers, champions and leaders at the 2022 Youth Connekt Africa Summit, taking place in Kigali, Rwanda, from 13 to15 October […]

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Extreme E progresses legacy projects in Senegal

A year on from the Ocean X Prix in Season 1, Extreme E returned to Lac Rose, Senegal, as part of its continued commitment to fighting climate change and supporting communities in the area. The vast expanse of the Atlantic was a scenic backdrop for the second event on the Extreme E calendar last year, but a closer look revealed the challenges the environment and its locals face as a result of climate change and plastic pollution. For its Senegal […]

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AAAM/VDA Lead a Study tour to Morocco

Due to many factors including its proximity to Europe, highly skilled human capital, political stability, and free trade agreements with the USA, EU, and other countries, the Kingdom of Morocco has attracted many global automotive players over the last few years. For the year 2021, estimated passenger vehicle production was reported at 403,007 vehicles with some 175, 360 units sold locally whilst 358, 745 were exported. Renault and Stellantis are the main OEMs with CKD manufacturing facilities in the country, […]

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Rethinking the Foundations of Export Diversification in Africa

Soaring food and energy prices are hitting African countries especially hard as they struggle with the impact of the COVID-19 pandemic, climate change and the war in Ukraine. To cope with current crises and insulate itself against future shocks, Africa must diversify its economies. The continent of 1.4 billion people is among the least diversified regions in the world with regard to exports. Download the full report Download the executive summary Commodities account for more than 60% of total merchandise […]

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