Emerging Markets Headlines Morocco Technology

Morocco completes first phase of major waterway

Morocco succeeded in connecting the water-rich Sebou basin with a dam in the Bouregreg basin that supplies Rabat and Casablanca. The project is planned to carry surplus water from Sebou basin all the way to the region of Marrakech in response to water scarcity and repetitive drought that emptied reservoirs. The waterway will help save […]

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Côte d’Ivoire: Faman Toure re-elected chairman of Chamber of commerce and industry

Faman Toure, the outgoing chairman of Côte d’Ivoire’s Chamber of commerce and industry (CCI-CI), won Monday August 28 another six-year term in the position. Toure’s team known as “Ensemble pour une Chambre forte” [Together for a stronger Chamber] clinched 84 per cent of votes during a congress held in Yamoussokro. He won over rival Boni […]

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China proposes three-area focused plan for Africa as part of Belt and Road Initiative

China has added three new areas for investment to its Belt and Road Initiative (BRI) focusing on the African continent where it has spent billions of dollars in infrastructure. The new areas are namely industrialization, increase in agriculture investment and talent development. President Xi Jinping launched the three-pronged plan during a China-Africa leaders’ roundtable meeting […]

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Chinese Tinci Materials plant in Morocco to produce 100,000 tons of Lithium annually

The Chinese Tinci Materials facility in Morocco whose construction was announced end of June this year will produce 100,000 tons of Lithium hexafluorophosphate and electrolytes. The manufactured materials are intended for electric vehicles in the European market, the European Union (EU) having announced a ban on the sale of internal combustion vehicles by 2035, reported […]

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Morocco leads Africa’s aviation renaissance -Forbes report

Morocco is one of three African countries driving expansion in private, commercial, and military aviation, presenting lucrative opportunities on a global scale, according to a Forbes report released on Friday. Africa’s aviation industry is experiencing significant growth, with Morocco, Nigeria, and South Africa at the forefront of this upward trajectory, the report says. Morocco’s aviation […]

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Seoul planning FTA with Morocco to diversify its trading partners

South Korea is planning to sign Free Trade Agreements (FTAs) with seven emerging countries, including Morocco, to boost growth momentum and diversify its trade portfolio. The announcement was made Friday by the South Korean Ministry of Trade, Industry and Energy, which affirmed that Seoul is planning to ink FTAs with Morocco, Kenya, Tanzania, Thailand, Pakistan, […]

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Morocco to start distributing aid to needy families before end of 2023

Morocco will start offering direct financial aid to poor families before the end of the year as part of a program to foster social safety nets, head of the Moroccan government Aziz Akhannouch said. Speaking at the first cabinet meeting after the summer break, Akhannouch said the government would distribute the aid on the basis […]

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Morocco tops raspberries suppliers to UK

Morocco has stepped up its raspberries exports becoming the top supplier for key markets such as the UK where it sold $86 million in 2022 of the reddish-pink fruit, specialized farming website East Fruits reported. Morocco’s raspberries exports to the UK grew 40 times to 15,800 tons this season as many Moroccan farmers see opportunities […]

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France outclasses Russia as Cameroon’s leading wheat supplier

France has emerged as Cameroon’s leading wheat supplier, ahead of Russia which has seen its supplies shrink by 65 per cent, per data published by the country’s statistics agency. Russia as late as 2020 was Cameroon’s largest supplier with 396,000 tons but the figure slumped to 138,000 last year. Cameroonian wheat buyers according to the […]

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BRICS reject Algeria’s membership

As was expected, the BRICS put Algeria in its place by rejecting its long sought after bid to join the group, which announced it will welcome six new countries with a diversified and higher growth economies. The group agreed to admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates following its summit […]