afrixmbank-egypt

Morocco well-placed to diversify markets in response to EU’s judicial uncertainties

A politically-motivated ruling by the European Court of Justice could push Morocco towards seeking alternative markets for its fresh produce and fisheries to avoid the legal uncertainties in an EU market where international deals are now led by biased judges disconnected from reality rather than diplomats and politicians. The final ruling declared the EU trade […]

Morocco raises insurance tax to bolster natural disaster fund

Morocco’s government will implement a significant increase in the parafiscal solidarity tax on insurance contracts, raising the rate from 1 percent to 1.5 percent. The amendment, scheduled for approval by decree at this Thursday’s Council meeting, aims to strengthen the nation’s disaster response capabilities following recent catastrophic events. The additional revenue will flow directly into […]

COP27: Morocco-Made eco-friendly solar lamps light up Egypt’s Giza Pyramids

Morocco-made environment friendly solar lamps were installed at the Pyramids of Giza, at the initiative of Moroccan brand ‘Shems for Lighting’ and ‘Liter of Light’ as part of the activities of the 27th Conference of the Parties to the United Nations Convention on Climate Change (COP27) held in Sharm el-Sheikh (November 6-18). These lamps, made […]