Italy’s Proma joins Morocco’s Kenitra automotive cluster

Italy’s Proma is the latest in a series of world-class car-part manufacturers that opened plants in Kenitra as Morocco has stood out as the largest car producer in the continent offering a competitive investment platform for exports to Europe and Africa. The new plant was built in a record time of 6 months for a […]

Egypt, Algeria, Morocco, Nigeria among largest global wheat importers

Egypt will be the largest global wheat importer in 2024/25 (July-June) as the country recovers from a foreign exchange reserve crisis and seeks to rebuild inventories, the US department of agriculture USDA said. “In addition to wheat milled for domestic use, Egypt is also expected to continue exporting some wheat flour to nearby countries such […]

Thunes launches real-time payment service in Morocco

Thunes company, a global leader in cross-border payments, has launched its real-time money transfer service in Morocco, one of the major remittance recipients in Africa. The new service enables payouts in Moroccan Dirham (MAD) and gives Thunes’ Members greater access to Morocco’s increasingly connected and digitized economy. According to the World Bank, Morocco received over […]