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Category: Emerging Markets
Morocco offers subordinated debt to encourage private investors
Morocco’s Mohammed VI Investment Fund and Moroccan banks (GPBM) signed a deal to allow private investors access to subordinated debt. The fund said it will ... Read More
Somalia officially joins East African Community
Somalia has finished the process of becoming a fully-fledged member of the East African Community (EAC) after it has ratified the accession treaty to an ... Read More
UNGA: Morocco’s Ambassador to Co-facilitate 2025 World Social Summit
The President of the United Nations General Assembly, Dennis Francis, has designated Morocco’s Ambassador to the United Nations, Omar Hilale, to co-facilitate the UN negotiation ... Read More
Spain interested in Morocco’s rail projects offering huge opportunities to investors
Spain, which is one of Morocco’s key economic & political strategic partners, looks forward to the railway projects launched by the North African Kingdom to ... Read More
Morocco’s Managem to raise capital to finance expansion plans
Morocco’s biggest mining company Managem plans to raise 3 billion dirhams (300 million dollars) to finance its expansion plans in Morocco and Africa. The company ... Read More
AfCFTA, ECOWAS lament low trade volume among members and Africa’s low global trade share
The African Continental Free Trade Area (AfCFTA) has so far failed to boost Africa's global trade participation that still stands at a mere 3%, according ... Read More
GCC commends Moroccan King’s Atlantic African Initiative, welcomes Morocco’s reform projects
Secretary General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, commended the Atlantic African Initiative launched by King Mohammed VI for Sahel States. The ... Read More
GCC countries reaffirm steadfast support for Morocco’s sovereignty over its Sahara, preservation of its peace & security
Foreign Ministers of the Gulf Cooperation Council (GCC) countries reaffirmed, Sunday, the unwavering positions, and steadfast decisions of the GCC Supreme Council supporting the Moroccan ... Read More
Canada’s Shimco to set up plant in Morocco’s aerospace industry hub
Canada’s Shimco, a manufacturer serving the global aerospace supply chain, said it plans to have a plant in Morocco. A deal was signed to that ... Read More
Morocco’s OCP posts $9.1 bln revenue in 2023
Morocco’s phosphates and fertilizer giant, OCP, said its revenue in 2023 dropped to $9.1 billion from $11.3 billion a year earlier due to lower prices ... Read More