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 produced in West African powerhouses Ghana and Cote D’Ivoire, which both reported a sharp drop in output due to a devastating heatwave. Experts expect that chocolate prices would further rise […]

COVID-19: Morocco extends night curfew, other restrictive measures for two more weeks as of March 16

Morocco has extended the night curfew and other anti-coronavirus restrictive measures for two more weeks as of Tuesday, March16 at 9 p.m. although health authorities have been reporting in recent weeks decreasing numbers of daily new coronavirus cases with more recoveries than new cases, and lower fatality rates. Besides the night curfew from 9 p.m. […]

Morocco unveils $180 mln in new automotive sector investments

Morocco and five automotive part manufacturers signed 8 investment agreements worth 1.7 billion dirhams ($1.8 billion) to set up plants in different industrial locations to boost the wiring components, key to meeting the growing orders from electric vehicle makers. Speaking during the signing ceremony, Moroccan Industry Minister Ryad Mezzour said the new investments reinforce Morocco’s […]