The European Investment Bank (EIB) and the Office National des Chemins de Fer (ONCF) have signed on Wednesday a €200 million (2.1 billion dirhams) financing contract, which represents 80% of a total sum of €250 million earmarked by the European financial institution to support ONCF’s investment plan. The ONCF’s investment plan aims to renew the […]
German media and publishing group Bertelsmann has merged its customer service business with Morocco’s Saham, creating a new market leader in Europe, Africa and the Middle East. Each will hold 50% of the new company branded as Arvato, which operates in 25 countries with 48,000 employees on its payroll offering services across the market for […]
Despite challenges posed by the pandemic to international trade, Moroccan ports handled 92.5 million tons in 2020, that is a 5.1% rise compared to a year earlier, the national ports agency said. Imports rose 4.4% to 56.1 million tons due notably to a rise in cereal purchases by 33.4%, sugar (+8.9%), animal feed (+3.4%), coal […]
