Kabyle leader ferhat Mhenni

Morocco’s Trade with Africa could triple with AfCFTA – Conjuncture Center

With the effective establishment of the African Continental Free Trade Area (AfCFTA), trade between Morocco and Africa, which currently account for 5.4% of commercial transactions, could triple in the long term, according to the Moroccan Center of Conjuncture (CMC). The launch of the AfCFTA after long negotiations reflects the desire to foster the continent’s economic […]

Sweden’s SKF Invests $4.9 Mln in Factory in Morocco

SKF, the world’s biggest bearings maker, announced on Monday a $4.9 million investment earmarked for building a manufacturing site in Tangier in Morocco. The Swedish company said the plant will enable it to meet growing demand for magnetic bearings used in turbomachinery and other high-speed applications, including hydrogen gas liquification and for oil-free industrial compressors. […]

African Development Fund commits $7.6bln to support low-income countries

Donors of the African Development Fund (ADF)over the weekend agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. According to the African Development Bank Group, the Fund comprises 32 contributing states and benefits 37 countries. The fund, administered by the African Development Bank, supports […]