Africa Asia Business Emerging Markets Headlines International Morocco

Emirati Invictus planning to invest heavily in Africa, Morocco on top of list

Emirati Invictus Investment Company has announced plans to invest over $272 million on its expansion into North and East Africa with a focus on Morocco thanks to its political stability, geostrategic position, incentives to investors and competitive economy. In a press release issued Monday, the Dubai-based company said the expansion will be made through acquisitions […]

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South Korea launches ‘K-rice belt’ covering eight countries in Africa

Korea has launched on Monday a K-Rice project aiming to provide small farmers in Africa with resilient rice varieties that can withstand adverse climate conditions, ensuring improved yields and food security. By establishing the so-called “K-Rice Belt” across eight countries in Africa, the Korean government aims to advance current official development assistance (ODA) programs to […]

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Corruption across Africa rose dramatically in 2022 but citizens fear to speak up — Afrobarometer

A majority of Africans believe that corruption increased drastically in their countries between 2021 and 2022, according to a latest survey conducted by Afrobarometer, that also highlighted the fact that an even larger proportion of the respondents feared retaliation should they report corrupt acts to the authorities. According to the Afrobarometer’s survey, in as many […]

Emerging Markets Europe Headlines International Morocco

Spanish PM hails as ‘Strategic’ partnership with Morocco

President of the Spanish Government Pedro Sánchez has reaffirmed the “solid ties” existing between Rabat and Madrid, and hailed the “dynamic cooperation” and “strategic partnership” between the two kingdoms. “In the context of Spain’s foreign policy, we have strong ties with Morocco of all kinds, but above all human ties created by our citizens and […]

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MENA: Morocco in top five states generating electricity from solar power; third developing country attracting most investments in green energy

Morocco is one of the top five nations in the Middle East and North Africa that produce the most electricity from solar energy, according to a survey by the Emirati Energy platform, and according to the Global Investment for 2023 report published lately by the United Nations, the kingdom ranks among the top ten developing […]

Emerging Markets Headlines Morocco

Seawater desalination: OCP to help improve drinking water supply for Safi, El Jadida regions

Morocco’s phosphate & fertilizer giant OCP has renewed its determination to help improve drinking water supply in the country through the signing of a new memorandum of understanding as well as a concession contract with the government under which the two sides will cooperate to provide potable water through desalination of seawater to Safi and […]

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“The M6 Code” or King Mohammed VI’s mark – French weekly

Under the eloquent title “Le Code M6”, the French weekly Le Nouvel Economiste has published a dossier on Morocco, in which it asserts that “since he came to power in 1999, Mohamed VI has left his mark”, the Kingdom now being “considered one of the most dynamic economies in the North African region.” The country […]

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Bloomberg highlights dynamics of Morocco’s pharma industry

US agency Bloomberg has highlighted the dynamics of the Moroccan pharmaceutical industry as well as the Kingdom’s efforts to promote local production so as to foster Africa’s health sovereignty. A robust homegrown industry would help Africa ensure adequate supplies of critical treatments, said Lamia Tazi, chief executive officer of Moroccan pharmaceutical group SOTHEMA, in an […]

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CAF President congratulates Morocco on its world-class soccer stadiums, Infrastructure

President of the Confederation of African Football (CAF), Patrice Motsepe, congratulated Morocco on its “world-class” soccer stadiums and infrastructure, as the CAF Executive Committee held its meeting in the new headquarters of the Royal Moroccan Football Federation (FRMF) in Rabat on Friday. Following the meeting and a tour of the FRMF’s new premises, CAF chief […]

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Morocco, Germany to launch multidimensional strategic dialogue next year

Morocco and Germany agreed on Thursday in Berlin to launch next year the Multidimensional Strategic Dialogue agreed upon in 2022. This dialogue will serve as a basis for moving forward in bilateral relations and strengthen coherence between the different areas of bilateral cooperation. The announcement came at the end of a meeting between Foreign Minister, […]