Category: Business

Morocco’s economic growth to recover to 3.6% in 2024- HCP

July 12, 2023

Morocco’s economy is expected to grow 3.6% amid a recovery in foreign and domestic demand and assumptions of an average farm output as well as ... Read More

Chariot raises $15 Million in funds for a new onshore gas drilling in Morocco

July 12, 2023

Chariot, a London-listed, Africa-focused energy company, announced on Tuesday it has raised $15 million (£11.7 million) for its onshore drilling operation in Morocco. The company ... Read More

Emirati Invictus planning to invest heavily in Africa, Morocco on top of list

July 11, 2023

Emirati Invictus Investment Company has announced plans to invest over $272 million on its expansion into North and East Africa with a focus on Morocco ... Read More

BADEA loans Côte d’Ivoire $75m for construction of 7,500 social houses

July 11, 2023

The Arab Bank for Economic Development in Africa (BADEA) and Cote d’Ivoire signed Monday a loan agreement worth $75 million to be used for the ... Read More

South Korea launches ‘K-rice belt’ covering eight countries in Africa

July 11, 2023

Korea has launched on Monday a K-Rice project aiming to provide small farmers in Africa with resilient rice varieties that can withstand adverse climate conditions, ... Read More

Corruption across Africa rose dramatically in 2022 but citizens fear to speak up — Afrobarometer

July 11, 2023

A majority of Africans believe that corruption increased drastically in their countries between 2021 and 2022, according to a latest survey conducted by Afrobarometer, that ... Read More

Guinea: Morocco‘s Autonomy Plan, the “ONLY Credible and Realistic” Solution to Sahara Issue

July 10, 2023

Guinea has reaffirmed its unwavering support for Morocco’s autonomy plan offered for the Sahara under its sovereignty, saying the plan is the “only credible and ... Read More

Spanish PM hails as ‘Strategic’ partnership with Morocco

July 10, 2023

President of the Spanish Government Pedro Sánchez has reaffirmed the "solid ties" existing between Rabat and Madrid, and hailed the “dynamic cooperation” and "strategic partnership" ... Read More

MENA: Morocco in top five states generating electricity from solar power; third developing country attracting most investments in green energy

July 10, 2023

Morocco is one of the top five nations in the Middle East and North Africa that produce the most electricity from solar energy, according to ... Read More

Seawater desalination: OCP to help improve drinking water supply for Safi, El Jadida regions

July 10, 2023

Morocco’s phosphate & fertilizer giant OCP has renewed its determination to help improve drinking water supply in the country through the signing of a new ... Read More