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Category: Emerging Markets
S&P revises Morocco’s outlook to positive
Credit rating agency Standard & Poor’s revised Morocco’s outlook to positive BB+/B thanks to social, economic, and budgetary reforms. With the new rating, Morocco edges ... Read More
Nigeria: govt’s new policy to force mining firms to process minerals locally
Nigeria’s government has announced it will only grant new mining licenses to companies committed to process extracted minerals locally, signaling a major shift from the ... Read More
China’s BTR New Material to develop Morocco’s first EV cluster
China’s BTR New Material Group, a global EV battery component maker, signed a deal with the Moroccan government to build a 300 million dollar-plant in ... Read More
Morocco officially picks Nador port for LNG import terminal
The Moroccan government plans to develop a liquified natural gas (LNG) infrastructure in the northeastern port of Nador, currently under construction. The announcement came in ... Read More
Morocco’s OCP revenue at $9 bln in 2023
Morocco’s phosphates and fertilizers giant, OCP Group, said its revenue in 2023 stood at 9 billion dollars, down from $11.4 billion a year earlier. OCP ... Read More
BTI Report 2024 sheds light on Morocco’s economy, investment strategy and international leverage
The Moroccan economy has been opening up, leading to the development of new sectors such as aerospace and automotive industry, says the 2024 Bertelsmann Transformation ... Read More
Moroccan king’s Atlantic Initiative marks emergence of a New Africa (Experts)
The Atlantic Initiative, launched by King Mohammed VI to facilitate access for Sahel States to the Atlantic Ocean, stands as a distinctive framework aimed at ... Read More
Radisson to operate 25 hotels in Morocco by 2030
The US Radisson hotel group plans to increase the hotels it operates in Morocco to 25 by 2030 to tap into a growing tourist market. ... Read More
Morocco’s Bank of Africa reports $260 mln profit in 2023
Morocco’s Bank of Africa said its 2023 profit increased 16% to 260 million dollars last year, with a net banking income of 1.7 billion dollars, ... Read More
Malawi declares drought disaster
Malawi declared drought disaster amid a severe rainfall shortage that compromised the landlocked country’s agriculture-dependent economy. Malawi is the second country in the region after ... Read More