First Independent Mena Newspaper
As African leaders converged on Germany’s capital earlier this week to attend the G20 ‘Compact for Africa’ meeting, the African Union (AU) chief called for “positive competition” from Europe in the continent, which would be more welcome than its criticism of Chinese investments for saddling poor countries with huge debts. While addressing the high-level meeting […]
French Exxelia Group, a global leader in electronics, has opened on Thursday a manufacturing plant in the Moroccan city of Mohammedia, near Casablanca, consolidating the country’s industrial ecosystem and competitive edge. The 10,000 m2 industrial facility, which employs 700 persons, specializes in the manufacturing and assembly of a wide range of electronic components, including […]
Morocco’s competition council issued a fine of 1.8 billion dirhams or 180 million dollars against nine fuel supply, distribution, and storage companies for their failure to respect fair competition standards in the county. The council did not unveil the name of the nine companies in its statement but said it had reached an agreement with […]
Britain’s Minister of State for Trade policy Greg Hands has affirmed that the Department for Business & Trade regularly engages businesses and the Moroccan government to promote and support bilateral trade and green investment. Responding at the House of Commons to a question by Conservative MP Ben Everitt on what steps London is taking to […]
Egypt and Bahrain Thursday inked 13 memorandum of understanding for bilateral cooperation and agreed on 15 initiatives, in many areas, as part of moves to boost cooperation between the two countries. The deals signing took place during the first meeting of the Egyptian-Bahraini governmental committee for trade, economic, scientific, and technological cooperation, headed by Egyptian […]
China’s car parts maker Citic Dicastal opened its third factory in Morocco in Kenitra worth 180 million euros to manufacture aluminum chassis parts. The new factory spans over 20,000 square meters and employs 1000 people. It has an annual production capacity of 5 million units, of which 90% will be exported to Europe. This plant […]
Reminex SA, a subsidiary of Morocco’s largest mining company Managem, signed a partnership agreement with global engineering company China Electronics Corporation on a cobalt sulfate factory. “This strategic and know-how sharing partnership represents a major opportunity to build an industrial cluster and contribute to the Moroccan-Chinese alliance,” Reminex said in a statement. The new plant […]
Mauritania and Spain launched Tuesday November 21 in Canary Islands a joint economic commission to establish “relations of trust” between Canary Islands and Mauritanian companies, to develop joint projects in several economic fields, reports say. The Commission is made of around 25 companies from the Canary Islands and several Mauritanian companies active in trade, fishing, […]
King Mohammed VI has called on the members of the Academy of the Kingdom of Morocco to promote knowledge and harness science to achieve a sound progress that is likely to safeguard the nation’s identity, protect it from risks and deviations, and endow societies with inspiring diversity and intellectual pluralism. The Sovereign’s call came in […]
Cameroonian authorities launched Tuesday November 21 Cameroon-Chad Interconnection Project, a bilateral high-voltage (HV) interconnection project between the two countries that involves 1.556 km of new transmission lines financed by the World Bank and the African Development Bank (AfDB) to the tune of $750 million. Gaston Eloundou Essomba, Cameroon’s minister of Energy launched the interconnection project […]