Morocco
UK fintech giant Revolut eyes Moroccan market
Revolut, the London-based fintech valued at around €41 billion and serving nearly 60 million customers worldwide, is preparing to expand
1 min read
Gotion Power Morocco, part of the Sino-European electric vehicle (EV) battery manufacturer Gotion High Tech, is expected to start construction on a $6.5 billion gigafactory near Kenitra in northwestern Morocco. Reuters, citing the company's Moroccan head Khalid Qalam, said building would begin ‘within days’. Gotion High Tech signed an investment deal with the Moroccan government in June last year and the proposed gigafactory is expected to mark the first of its kind on the African continent.
Read next
Morocco
UK fintech giant Revolut eyes Moroccan market
Revolut, the London-based fintech valued at around €41 billion and serving nearly 60 million customers worldwide, is preparing to expand
Egypt
Luxury perfume’s hidden cost: Egypt’s jasmine pickers struggle to survive
For nearly a decade, Wael al-Sayed has harvested jasmine blossoms by night in Shubra Balula, a sleepy town north of
Libya
EU-backed Libyan coastguard accused of firing on rescue ship
The NGO SOS Mediterranee accused Libya’s coastguard of firing on its vessel, the Ocean Viking, while it carried 87
Morocco
Morocco secures $200m AIIB loan for climate resilience
The Asian Infrastructure Investment Bank will lend Morocco $200m to bolster climate resilience, the Chinese embassy in Rabat announced, according