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Morocco’s Flag Carrier Doubles Profits in 2016

Morocco’s flag carrier, Royale Air Maroc (RAM), saw its profits more than double in 2016 to stand at 520 million dirhams (52 million dollars) compared to 203 million dirhams last year. This performance is largely ascribed to non-current financial assets which contributed by 129 in the company’s overall profits, local e-journal le360 said quoting a […]

Morocco poised to attract more Japanese investments

Morocco stands as the second largest destination for Japanese investments in Africa with 75 firms employing 50,000 people, a position that well-places the Kingdom to attract more investments as Japan seeks a foothold for its companies at the crossroads of major global trade routes. Thanks to its world class infrastructure including major ports such as […]

Mali’s new mining code ends tax exemptions for mining companies

The Malian Mines Ministry announced on Wednesday a new mining code, under which mining companies operating in the west African nation will no longer be exempt from VAT during production and will have a shorter period of protection from fiscal changes.   The government said the new code seeks to redress the “shortcomings” of a […]