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Business Emerging Markets

Maroc-Telecom Finalizes Purchase of Etisalat’s six Branches in Africa

North Africa Post

Maroc-Telecom, the incumbent telecommunications operator in Morocco, announced it has finalized the purchase of the branches it acquired from the United Arab Emirates telecom group Etisalat in Côte d’Ivoire, Togo, Gabon, Benin, Central African Republic and Niger. The deal between the two operators worth over $ 536 million was struck last spring when Etisalat became […]
Business Headlines International Morocco

Aeronautics: Sabca partners with Pilatus to set up assembly plant in Morocco

North Africa Post

Swiss aircraft manufacturer, Pilatus, and Belgian aerospace company, Sabca, have sealed a deal for the assembly of PC-12 aerostructures in Morocco. The deal, which was inked Monday by Pilatus and Sabca CEOs in presence of Morocco’s minister of Industry Moulay Hafid Elalamy, will give impetus to aerospace ecosystem set up in the Kingdom to attract […]
Business Emerging Markets Headlines Morocco

Covid-19: Moroccan Economy Loses $ 2.9 Bln & 8.9 Pts of GDP in Q2

North Africa Post

The global coronavirus epidemic will knock 8.9 points off of Morocco’s economic growth in the second quarter of 2020, says Morocco’s Statistics agency (HCP). In its updated forecast for first semester of 2020, le “Haut Commissariat au Plan” says Covid-19 will cost the country $2.9 billion in economic loss due to a sharp drop in […]