Moroccan investments in Africa

MP Industry Group joins Morocco’s growing automotive ecosystem

MP Industry Group, a subsidiary of the Romanian MEN Industry Group—has inaugurated its first plant in Tangier Automotive City, Northern Morocco. The plant, built over a 35,000 m2 area, will produce automotive plastic components using advanced injection molding techniques. Nearly $40 million has been invested in this facility which comes to enhance further Morocco’s position […]

AU’s Neutrality Could Contribute to Sahara Issue Settlement

King Mohammed VI has urged the African Union to reconsider the recognition of the pseudo-sahrawi Republic, to restore legality within the pan-African organization and correct mistakes, pointing out that through newfound neutrality, the AU could make a constructive contribution to the settlement of the Sahara issue. The call came in a strong-worded message King Mohammed […]

Afreximbank pledges $1 Bln for Morocco-Africa trade & investment program

African Export-Import Bank has pledged $1 billion in support for Morocco-Africa Trade & Investment program which finances and promotes intra- and extra-African trade. An agreement was inked over the weekend on the sidelines of the 2023 Annual Meetings of the World Bank & the International Monetary Fund held in Marrakesh October 9 to 15. Under […]