South Korean LG Chem announced Sunday that in partnership with China’s Huayou Group it will establish two factories in Morocco for the production of lithium-phosphate-iron (LFP) cathode materials and lithium conversion, essential components in the manufacturing of batteries for electric vehicles. LG Chem and Huayou Group signed a comprehensive memorandum of understanding (MOU) on September […]
Trade exchanges between Morocco and Spain witnessed a major shift in 2025, as the bilateral trade balance tilted in favor of Rabat for the first time, ending Madrid’s decades-long dominance in terms of exports to the Moroccan market. According to the United Nations COMTRADE database, Morocco exports to Spain reached $19.61 billion in 2025, while […]
Banque Centrale Populaire (BCP), one of Morocco’s three biggest lenders, continues its expansion in Africa with the acquisition of Banque des Mascareigne in Madagascar and the opening of a subsidiary in Mauritius, thus becoming the first Moroccan bank to operate in the island. With this acquisition, BCP reinforces footprint in the Indian Ocean as part […]
