UAE, first investor in Africa

The UAE companies topped the list of investors in the African continent, pledging projects worth 110 billion dollars between 2019 and 2023, the Financial Times reported. Most of the investments, or 72 billion dollars, went to renewable energy projects, FT said. These investments outweighed those announced by UK, France or China. UAE companies also have […]

Moroccan government blames unemployment on drought

Morocco’s prime minister Aziz Akhannouch defended his government’s job creation policy despite a surge in unemployment which he blamed on drought. Speaking to members of the Upper House, Akhannouch said the jobs lost in the agriculture sector were already unstable fragile jobs. The unemployment rate surged to 13.3% in 2024 from 13% a year earlier, […]

Morocco to sell 35% stake in Marsa Maroc

The Moroccan government plans to sell 35% stake in Marsa Maroc to Groupe Tanger Med which manages the biggest port in the Mediterranean and Africa in terms of container capacity. Marsa Maroc manages container terminals at 9 Moroccan ports and is listed at the Casablanca stock exchange. The deal will inject some 5.48 billion dirhams […]