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Togo, Benin slash telecommunication charges

Togo and Benin have inked an agreement cutting significantly telecommunication costs including roaming and internet between the two countries. The agreement signed between ARCEP Benin and ARCEP Togo, the two regulators, will take effect on January 01 2024. Per the deal known as “Protocol d’Accord de Free Roaming entre le Togo et le Benin, and […]

Emerging Markets Finance Headlines Morocco

Morocco’s 2024 budget forecasts 3.7% growth, fiscal deficit at 4%

The Moroccan government expects an economic growth of 3.7% and a narrowing of the fiscal deficit to 4% next year, according to a draft buddget that was approved by a ministerial council chaired this Thursdau by King Mohammed VI. The earthquake that struck on Sept 8 had no impact on the macro-economic assumptions of the […]

Business Columns Emerging Markets Headlines Morocco

Morocco cements social state foundations

Morocco, under the leadership of King Mohammed VI, has added housing assistance to a list of ambitious projects that aim to strengthen the foundations of the social state in Morocco. The new housing assistance aims to help the poor and the middle classes access decent housing. The new measures, announced by the Royal Office following […]

Asia Business Egypt Emerging Markets International

China’s Hengtong to manufacture fiber-optic cables in Egypt

Chinese power and fiber optic cable manufacturer Hengtong will set up a plant in Egypt to produce fiber cable as result of a deal between the Chinese company and the Suez Canal Economic Zone (SCZONE). Hengtong will invest $18 million for the project with a capacity of up to 2 million kilometers in the zone. […]

Business Emerging Markets Headlines Morocco

Morocco’s Dakhla port to be ready in 2028

Works are underway to deliver the Dakhla Port, in Morocco’s Sahara territory, by 2028, Moroccan media le360 reported. The $1 bln port will span over an area of 1650 hectares and would serve as a maritime transport hub for southern Morocco and West Africa. This major infrastructure would also serve as a fishing and import-export […]

Africa Americas Emerging Markets Finance Headlines International Morocco

U.S. DFC supports Ifria Cold Chain Development Company in Morocco and Senegal with $20mln

The U.S. International Development Finance Corporation (DFC) has decided to finance the construction of Ifria refrigeration facilities in two African countries, namely Morocco and Senegal. The move, announced last week, come after DFC provided technical assistance grants to the cold chain development company Ifria in 2021. The Corporation announced the signing of commitment letters worth […]

Business Emerging Markets Europe Headlines International Morocco

Jet2 Airline company announces six new flights from UK to Morocco

Jet2 Airline Company has announced new flights from Birmingham, Bristol, Glasgow, Leeds Bradford, Manchester and London-Stansted airports to Agadir and Marrakesh. The newly added sunshine destinations will start operating in October 2024. Flights to the Moroccan popular tourist destinations will start from £79 each way, while package holidays will come in from £366 per person. […]

Africa Business Emerging Markets Headlines International

African leaders attend 3rd Belt and Road Forum in Beijing

Some 130 leaders from Africa and other world’s regions have gathered in China for a two-day meeting organized by the Chinese government that marks the 10th anniversary of its Belt and Road Initiative (BRI). The summit that kicked off on Tuesday (17 October) is the third BRI Forum for international cooperation. Launched a decade ago, […]

Emerging Markets Finance Headlines Morocco

Morocco’s King chairs working session on new housing assistance program

King Mohammed VI chaired, on Tuesday at the Royal Palace of Rabat, a working session on housing and urban planning sector. During the meeting, Minister of National Territory Planning, Urbanism, Housing and City Policy, Ms. Fatima Ezzahra El Mansouri, presented the broad outlines of a new housing assistance program, which is in line with the […]

Emerging Markets Energy Europe Headlines International Morocco

The world’s 1st off-road solar-powered car tested in Morocco

Stella Terra, the world’s first solar powered car, has been tested in Morocco. Designed by students from Eindhoven University of Technology (Netherlands), the lightweight vehicle has completed lately a 1,000 km trip from Northern Morocco to its Sahara without recharging. The test drive showed that the car can drive long distances with stopping at EV […]