Tunisian & German flags

Egypt: Nissan gets approval to produce 100,000 export-oriented cars annually

Japan carmaker Nissan has received initial approval to produce 100,000 car units per year in Egypt, which targets car export to revive its vehicle production industry. Nissan will manufacture the car, jointly with state-owned carmaker El Nasr Automotive Manufacturing, Minister of Public enterprise, Hesham Tawfik told media. Majority of cars produced will be exported. Egypt […]

Romania: Morocco’s OCP to Create Joint Fertilizer Company with Emirati Al Dahra

Office chérifien des phosphates (OCP), Morocco’s phosphate group, will soon open a fertilizer company in Romania in conjunction with Al Dahra, an Emirati multinational agribusiness group, reports say. OCP and al Dahra will set up South East European Fertilizer Company (SEEFCO) with a capital estimated at $5 billion. The Moroccan government’s approval of the operation, […]

Fitch Expects Morocco’s Growth to Reach 3% in 2024 & 3.5% over 2025-2026 Period

Fitch agency has maintained Morocco ‘BB+’ rating with a stable outlook thanks to the country’s sound macroeconomic policies, strong official creditor support, favorable debt profile and comfortable liquidity buffers. In 2023, Morocco’s economy grew by 3.4%, driven by strong non-agricultural sector performance and a rebound in agricultural output following a sharp contraction in 2022, said […]