First Independent Mena Newspaper
Habidem, a Mauritanian small business known for turning local resources into a bio-sourced thermal insulator from Typha, a noxious plant, has been awarded Med’Innovant Africa 2023 prize, an innovation competition created by Marseille-based urban and economic development Agency Euroméditerranée. Led by Oumar WELE, the company bagged €7,000 financial assistance, a full support package to build […]
Morocco is leading the way in Africa and the world in establishing new special economic zones (SEZs) and attracting foreign direct investment (FDI), thanks to its higher value-added technology industries, according to a new report by Oxford Business Group. Entitled “How Special Economic Zones are shaping Africa’s industrial landscape”, the report, published last week, states […]
Morocco is stepping up efforts to build a competitive merchant fleet in line with the country’s Atlantic ambitions and port investments. Transport minister had told MPs last week his department was set to promote investments aiming at bolstering Morocco’s commercial marine fleet. The announcement came after King Mohammed VI urged transforming Morocco’s Atlantic coast into […]
South Korea’s recent announcement of the opening of new diplomatic missions in several African nations signals that Seoul aims to commit more resources to a continent that is widely seen as home to some of the world’s fastest-growing markets, according to experts. When the South Korean government on 7 November announced plans to open 10 […]
Morocco’s capital market regulator AMMC gave its approval for the listing of merchant bank CFG Bank on the Casablanca Stock Exchange. Under this IPO, CFG aspires to raise 600 million dirhams at a price share of 110 dirhams, with the subscription period running from November 30 to December 7. This marks the first IPO in […]
Nigeria, Africa’s largest economy, is seeking the exclusive BRICS membership to enhance its global economic influence that would also allow it to loosen its ties with the West, according to experts. According to Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, the West African country hopes to join the influential economic alliance within two years, stressing […]
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 […]