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Category: Business
OCP Group sets up new subsidiary offering farmers tailored solutions
Morocco’s state-owned phosphate OCP Group announced this Tuesday the setting up of a new subsidiary offering farmers customized plant nutrition solutions adapted to the crop, ... Read More
Africa at the heart of India’s quest for superpower status — experts
In this era of geopolitical competition and realignment, India recognizes Africa as a key component in its pursuit of superpower status and the continent is ... Read More
Morocco expects to produce 1 million cars by 2025
Industry minister Ryad Mezzour expects the production capacity of Morocco’s automotive sector to increase to 1.5 million cars by 2026. “We will hit the 1 ... Read More
Africa’s small-scale coffee farmers brace for new EU anti-deforestation law
The new European Union anti-deforestation law, which aims at protecting dwindling forests by outlawing products sourced from deforested areas, is closely watched in parts of ... Read More
West African cocoa crisis sends chocolate prices up
Higher cocoa prices, due to catastrophic harvest in West Africa, triggered a surge of chocolate prices. About 60% of Cocoa, a key chocolate ingredient, is ... Read More
African countries to dominate ranking of world’s rapidly growing economies- UN agency
African countries are expected to post the highest growth rates this year globally, said the Economic Commission for Africa (ECA), a UN agency. Niger, Senegal, ... Read More
IMF gives go-ahead for $8 billion loan to Egypt
The IMF agreed to offer Egypt a loan worth 8 billion dollars under an Extended Fund Facility to support the country’s economic stability. Following its ... Read More
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