Salame

France greenlights public funding for private projects in Morocco’s Sahara

France has allowed its development agencies to fund projects in the Moroccan Sahara, a move that implies a recognition of Moroccan sovereignty over the territory, Moroccan media reported. The decision was reported by LeDesk and confirmed by Medias24 which reported that it will be officially announced during the visit of the French foreign trade minister […]

Morocco’s Central Bank pauses monetary tightening as inflation eases

Morocco’s central bank pauses its monetary tightening as inflation is expected to further drop to 2.6% in 2024 from 6% in 2023 amid preparations for reconstruction in earthquake-hit areas. Speaking to the press Abdellatif Jouahri highlighted the uncertainties of the global economy and the need for vigilance, adding that holding the key interest rate as […]

Norway’s Jotun to invest in Morocco paints plant

Norwegian paint maker Jotun plans to invest around 100 million dirhams ($10 million) in a new manufacturing plant in Morocco’s Casablanca-Settat region, the industry ministry said. The project follows the signing of a memorandum of understanding last week between Industry and Trade Minister Ryad Mezzour and Jotun Morocco, a local subsidiary of the Scandinavian group. […]