First Independent Mena Newspaper
The Financial Times described Morocco as the “big newcomer” in the list of Africa’s 125 rapidly growing companies, with 12 firms, compared to just three previously. Morocco’s Chari.com, an e-commerce company, was ranked the sixth fastly growing African company at 244%, with a total revenue of $6.4 million in 2022. Marchiche Global Solutions came 22nd […]
Morocco is planning to boost its renewable energy capacity to 11GW by adding 6.5GW over the next four years, energy minister Leila Benali said. The country has a total capacity of 11GW and plans to almost double that to 20GW as it also invests in gas and green hydrogen, the minister said in Rabat, cited […]
The European Bank for Reconstruction and Development (EBRD) expects Morocco’s economic growth to reach 3 per cent in 2024, before rising to 3.6 per cent in 2025, supported by a recovery in external demand and government investment. Following a slowdown in 2022, the country GDP growth picked up to 3.2 % in 2023, driven by […]
ECOWAS Countries involved in the Morocco-Nigeria gas pipeline are expected to sign a final investment decision in 2025, according to Morocco’s oil and mines authority ONHYM. Speaking at a forum in Rabat, head of development at ONHYM recalled that the pipeline will cross 13 countries and stretch over 7000 kilometers. The cost of the pipeline […]
China’s copper foil producer Hailiang and anode maker Shinzoom signed a deal with Tanger Tech to build two plants for a total investment close to $1 billion, adding to a list of Chinese electric battery investors in the Kingdom. Hailiang signed a deal with Tanger Tech to build a copper factory for a total cost […]
Artificial Intelligence (AI) is fast becoming the latest frontier in the competition between the United States and China in Africa, as African countries are set to gain from both AI superpowers’ keen interest in collaboration to advance AI innovation on the continent. The US was the leading source of top computer programs known as AI […]
Morocco’s tourist arrivals are expected to reach 16.8 million in 2024 against the 14.5 million recorded in 2023, says Fitch Solutions Company in its latest business monitoring report. The strong growth will be driven by increasing arrivals from key source markets such as France, Spain and Belgium. France is expected to be Morocco’s largest arrivals […]
Millions of users in Kenya, Tanzania, Rwanda and Uganda complained of internet outage that operators blamed on undersea cable failures. Internet service in the region was disrupted after problems in the cable that connects the region with the rest of the world through a cable that crosses South Africa, the BBC reported citing experts. On […]
Morocco, “a fascinating and diverse country with a rich history and culture”, offers a wealth of experiences for travelers, U.S. travel media Wyandotte Daily commented. “Morocco is a land of contrasts and diversity, where the bustling streets of Marrakech meet the tranquil beauty of the Sahara Desert,” the travel website pointed out. “From the vibrant […]
As the head of the Moroccan government expresses satisfaction at its half-mandate achievement, a new report pointed to the need to address challenges posed by 1.5 million Moroccans who are not engaged in education, employment or training, known as NEET. The report by the economic social and environmental council (CESE) said the high number of […]