Algerian resigning parliament speaker Mouad-Bouchareb

West Africa to replace CFA franc; new currency pegged to the Euro

Côte d’Ivoire’s President Alassane Ouattara has announced that West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris. The CFA will undergo three major changes, according to Ivorian President Alassane Ouattara. The name will change to Eco in 2020; France, would […]

Morocco moves toward decentralized energy production, with new self-production law

Morocco has taken a significant step toward energy autonomy with the adoption of a law regulating electricity self-production. The law, approved by the cabinet on October 23, aims to decentralize power generation and strengthen the kingdom’s energy resilience amid rising demand and slowing renewable output. The move comes as Morocco faces mounting energy pressures. National […]

Aeronautics: Pratt and Whitney to build new facility in Morocco

Morocco has attracted a new heavyweight investor to its burgeoning aerospace ecosystem thanks to its political stability, geostrategic position, modern infrastructures, skilled manpower, tax incentives and free-market economy. On Tuesday, Pratt & Whitney, an American aerospace manufacturer with global service operations, announced at Paris airshow that it will build a facility in Casablanca to manufacture […]