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Moroccan competition council fines Viatris $0.7 mln

Moroccan competition regulator fined Viatris $0.7 mln for failing to notify it of a merger, sources told Reuters. Viatris was created out of a merger between Upline and Maylan, which has business in Morocco. The fine amounts to 2.5% of Vitaris local Morocco operations and was already paid to the treasury. The council was also […]

Africa pivots from Europe and North America to Asia on trade — reports

Over the past two decades, Africa’s trade partnerships have significantly shifted away from Europe, with Asia emerging as the primary trading partner, a recent analysis by Mo Ibrahim Foundation noted, whereby this development is underpinned by high‑growth corridors both between African regions and with regions beyond including Asia and the Middle East, according to a […]

Morocco, an attractive destination for global textile manufacturers

Morocco is becoming a growingly attractive destination for global textile companies, as world’s leading textile groups are migrating from traditional Asian manufacturers to closer markets offering favorable conditions, such as Morocco. Several brands from the European Union, the UK and the U.S. have been sealing deals with Moroccan companies in the textile industry as an […]