Business Emerging Markets Europe Headlines International Morocco

France reaffirms readiness to back Morocco’s investments in Sahara

French minister in charge of foreign trade, Franck Riester, said his country “welcomes” and is “ready” to finance Morocco’s investments in the Sahara territory. His statement echoes that of French foreign minister who broke the ice in Rabat saying France welcomed the development effort led by Morocco in its southern provinces and is ready to […]

Business Emerging Markets Europe Headlines International Morocco

Morocco to set new record in avocado export in 2023/24 Season

Avocado production and export in Morocco continues its upward trend, generating important foreign exchange earnings, said the international EastFruit online magazine. Between July 2023 and January 2024, the North African Kingdom exported nearly 40,000 tons of avocados, worth $120 million, setting a new record for the period. With four more months to go and the […]

Emerging Markets Headlines International Morocco

Morocco joins list of World’s 20 most powerful artilleries

The modernization of Morocco’s land forces enabled the Royal Armed Forces to take the 20th position in a list of armies with the largest and most advanced artillery arsenals. Using data from the Stockholm Peace Institute and other defense sources, US portal Insider Monkey listed Morocco as the 20th most powerful artillery, citing the upcoming […]

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Morocco to impose anti-dumping measure on Egyptian tomato paste

Morocco is considering applying anti-dumping measures on tomato paste imported from Egypt, the industry minister said as local industries complain of unfair competition. The agri-food federation noted in a report that Egyptian imports had a far lower price resulting in loss of jobs for the local tomato paste industry, whose sales plummeted by 14%. The […]

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Morocco-EU partnership more crucial than ever in current geopolitical context, Josep Borrell says

The partnership between Morocco and the European Union is “more crucial than ever in the current geopolitical context”, said EU High Representative for Foreign Affairs and Security Policy, Josep Borell. The strengthening of this strategic partnership was the focus of a meeting on Wednesday between Borrell and Minister of Foreign Affairs, Nasser Bourita. “We discussed […]

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Future-proofing Africa’s food supply through greener production, less waste — PwC report

With sustainability concerns being increasingly understood and recognized across Africa, a new report by the professional services firm PwC calls on stakeholders across the continent to see to implement policies encouraging greener food production methods and the avoidance of food waste. These are required to future-proof Africa’s food supply and to meet the expected future […]

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Chocflation: Ghana mulls 100% cocoa price hike amid perfect storm of multiple crises

Ghana, the world’s second-largest cocoa producer, considers doubling farmgate price of the crop to combat smuggling amid a global shortage, as the country’s share of the whole sale market price shrinks to 16% from 44% in mid last year. The Ghana Cocoa Board and the country’s government are reportedly muling a significant increase — potentially […]

Americas Columns Emerging Markets Finance Headlines International Morocco

Washington funds projects in Laayoune & Dakhla, confirming U.S. recognition of Moroccanness of Sahara

The U.S. government has decided to finance economic empowerment projects in the Moroccan Saharan cities of Laayoune and Dakhla, confirming Washington’s recognition of Morocco’s sovereignty over its entire Saharan territory. An estimated total budget of $1.5 million has been earmarked for projects seeking to improve employment, labor, and training in the two Moroccan Saharan cities. […]

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EU’s Critical Raw Materials Act aimed at breaking China’s grip on Africa — study

The European Union’s recently agreed-upon Critical Raw Materials Act (CRMA) does not target China but is aimed “simply [at] diversifying sources of supply,” a senior EU official has said, just as a recent study highlighted the bloc’s continuing efforts to close deals with resource-rich African nations to reduce its dependence on China for critical raw […]

Business Emerging Markets Headlines Morocco

OCP Group sets up new subsidiary offering farmers tailored solutions

Morocco’s state-owned phosphate OCP Group announced this Tuesday the setting up of a new subsidiary offering farmers customized plant nutrition solutions adapted to the crop, climate, and soil. Dubbed “OCP Nutricrops”, the new entity will leverage the Group’s leading phosphate-based plant nutrition production and distribution capabilities to provide farmers with tailored solutions that preserve soil […]