Africa Business Emerging Markets Europe Headlines International Morocco Technology

Moroccan Satellite Communications System for Africa to Speed up Continent’s Digitalization

Moroccan Panafsat company is planning to deploy a satellite communications system destined for Africa with the support of Thales Alenia Space, a joint venture set by French Thales group and Italian Leonardo corporation. The announcement was made during the meeting held Tuesday in Rabat between Moroccan-French businessmen on the sidelines of the state visit French […]

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Veolia to build world’s second largest desalination plant in Morocco

Morocco picked French firm Veolia to build the largest desalination plant in Africa and the world’s second largest, as the country seeks to address water-stress challenges. A Memorandum of Understanding was signed in that connection between Morocco’s interior ministry and Veolia, on the sidelines of the visit by French President Emmanuel Macron to Morocco at […]

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Morocco, France wrap up business summit with 20 deals

Moroccan and French businessmen ended a summit, on the sidelines of a visit by the French President to Rabat, with the signing of twenty agreements covering key areas of desalination, finance, banking, water management, and education. Speaking at the closing of the event, President Macron urged the business community in both countries to work together […]

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King Mohammed VI, President Macron lay basis for ‘exceptional’ Moroccan-French partnership

King Mohammed VI and President Emmanuel Macron have ushered a new era in the history of Moroccan-French relations as they seal an “exceptional partnership” for the years to come. This came in a Royal Office statement on the occasion of the visit by French President Emmanuel Macron to Rabat, at the helm of an important […]

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Libya-Italy trade exchanges reach nearly €9 billion

Annual trade exchanges between Libya and Italy currently stand at approximately €9 billion, providing a solid foundation for future growth and economic collaboration. This figure, reported by Italy’s Nova news agency on October 27, on the eve of the Libyan-Italian Business Forum, scheduled for October 28 in Tripoli, underscores the significant economic interdependence between the […]

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IMF notes ‘subdued’ growth in Sub-Saharan Africa

The IMF expects the Sub-Saharan African economy to grow by 3.6% in 2024 and 4.2% in 2025, noting that growth remains “subdued and uneven.” Resource-intensive countries continue to grow at about half the rate of the rest of the region, with oil exporters struggling the most, the IMF said in its regional economic outlook. “Factors […]

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United Airlines launches New York-Marrakech flight

United Airlines launches New York-Marrakech flight US carrier United Airlines launched on Friday a direct flight from New York to Marrakech, a first by an American airline to Morocco and North Africa. Patrick Quayle, the US company’s Senior Vice President of Worldwide Network and Alliances, and several United Airlines executives, and 35 travel consultants from […]

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AI-Chemical Weapons Ban: Rabat conference highlights AI role in advancing peaceful uses of chemistry

The first-ever Global Conference on the Role of Artificial Intelligence in Advancing the Implementation of the Chemical Weapons Convention (CWC), held in Rabat Oct.22-24, highlighted the potential of AI in advancing the peaceful uses of chemistry, enhancing verification capabilities, and strengthening chemical safety and security. A joint press release issued by Morocco’s National Authority for […]

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Commercial court fine deepens Maroc Telecom’s debt

Maroc Telecom reported a soaring debt to 23 billion dirhams, up 32.1% as a result of the compensation it was asked to pay to its competitor Inwi for violating fair competition rules. In July, a commercial court in Casablanca upheld a first instance verdict that found Maroc Telecom guilty of violating free competition rules and […]

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Morocco second largest frozen fish supplier to Russia

Morocco became the second largest supplier of frozen fish to the Russian market with 2200 tons in the first ten months this year, Russian official data showed.   Out of the 10,000 tons of fish imported by Russia, Vietnam came first with 2500 tons.   Russia and Morocco also consider renewing a fisheries deal that […]