Morocco’s largest telecom operator “Maroc Telecom” completed the acquisition of a 10% stake in ONATEL on the Abidjan Regional Stock Exchange for €41 million, bringing its shareholding in the Burkina Faso subsidiary to 61%. This transaction, at a price of CFAF 8,000 per share, allows Maroc Telecom to strengthen its stake in the leading operator […]
Remittances from Moroccans abroad are expected to hit 11 billion dollars, a record level compared to 9.3 billion last year, the World Bank said in a recent report. Remittances are key to feeding Morocco’s foreign exchange reserves, which cover around 6 months of import needs, according to the central bank. Morocco, whose diaspora is mainly […]
Spain and Morocco started Tuesday a joint exercise to enhance sea safety transport of a radioactive material from Algeciras port to Tangier-Med port. Dubbed “Gate to Africa,” the three-day exercise, first of its kind, is organized in cooperation with the International Atomic Energy Agency (IAEA). It seeks to assess and improve the two neighbouring countries’ […]
