Morocco’s trade deficit shrunk 23.1% as the pandemic lowered both imports and exports with tourism being the worst hit sector. Tourism revenues dropped 53.8% to 36.3 billion dirhams from 70.7 billion dirhams in 2019 when Morocco received 13 million people. Imports bill dropped 14% thanks in particular to lower energy imports and fewer equipment imports […]
Facebook announced it will cooperate with a consortium of telecom businesses to build, 2Africa, the Africa internet infrastructure. 2Africa will involve Alcatel Submarine Networks, China Mobile International, Telecom Egypt and Vodafone who make up part of the partnering companies, Anadolu reports. The project, defined as a mammoth 22,990 mile-long undersea cable around Africa, according to […]
Morocco’s OCP Group and the Indian government have sealed an agreement on the supply of fertilizers to the Asian country. In a statement released over the weekend, OCP said it will supply more than 1.7 million metric tons (MT) of phosphate fertilizers to Indian companies during the agricultural season over the next twelve months. “The […]
