Business Emerging Markets Headlines Morocco

Morocco needs more industrial jobs to bolster labor added value

Morocco needs to create conditions propitious for the emergence of medium sized industries that are well-integrated in the domestic market in order to bolster the value added of the job market and absorb job seekers leaving the primary sector, head of Morocco’s planning agency HCP said. Speaking at the presentation of a recent study on […]

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Washington commends Morocco’s role in fighting WMD proliferation

The United States has commended Morocco’s role in the fight against the proliferation of weapons of mass destruction (WMD) in Africa.   The praise was voiced by US Under Secretary of State for Arms Control and International Security, Bonnie Jenkins, during the opening session of the high-level political meeting of the Proliferation Security Initiative (PSI), […]

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Time for reset: EU-Africa trade policy suffers from muddled priorities

The European Union is Africa’s most important trading partner and while both continents stand to gain from closer commercial relations, trade between Europe and Africa suffers from a broad misalignment in trade policy priorities, David Luke, professor at the London School of Economics & political Sciences, argues in his new book on African trade. While […]

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Kenya, Russia to boost trade ties as Russia-Ukraine rivalry heats up in Africa

Kenya will sign a trade pact with Russia aimed at boosting cooperation between businesses, President William Ruto’s office announced on Monday following a meeting with Russian Foreign Minister Sergei Lavrov, as Moscow and Kyiv both seek to bolster support from African nations over their war. Lavrov’s surprise trip to the East African powerhouse comes only […]

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China woos Ethiopia, pledging food, trade, investments for Horn of Africa

While China’s global competition has been a well-known fact, Beijing now signals an expansion of its ambitions in the Horn of Africa, as evidenced by Ethiopia’s recent acknowledgement that China has become the East African nation’s leading source of foreign direct investment, largest trading partner, and development financier. China plans to send more emergency food […]

Business Emerging Markets Features Headlines Morocco

Moroccan King inaugurates Rabat-Salé-Kenitra’s CMC; new-generation vocational training facility

King Mohammed VI inaugurated, on Tuesday in the town of Tamesna, the Cité des Métiers et des Compétences (CMC/City of Trades and Skills) for the Rabat-Salé-Kénitra region, a new-generation vocational training facility dedicated to excellence and innovation. The Rabat-Salé-Kénitra CMC is part of an overall program to build 12 CMCs in different regions of the […]

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Phosphates: Morocco’s OCP group reports $ 1.7 billion earning in 1st Quarter 2023

Morocco’s state-owned phosphate company OCP has reported $1.78 billion in first quarter of 2023 against $2.6 billion earned in the same period last year. Yet, this year’s results show the resilience of the global leader in the fertilizer industry in challenging market conditions, says the company in a press release. Global fertilizer prices continued to […]

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TunisAir beefs up fleet with new passenger jet

Tunisia’s national carrier acquired Monday a new aircraft, Airbus A320-200, as part of the airline’s plans to revamp its fleet. The acquisition is the result of a lease contract. The jet was formerly used by Bahrain’s carrier Gulf Air. In a statement, the carrier also announced the future acquisition of four other aircrafts under the […]

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The EU should follow UK’s suit in dealing with Polisario’s judicial maneuvers

A UK court rejected irrevocably the challenge by the Polisario to the association agreement with Morocco which includes the Sahara territory, in a new setback for the Algerian-backed separatist group that should serve as an example to follow for the EU. The appeal was filed by the UK-based Algerian proxy Western Sahara Campaign (WSC) which […]

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Morocco, Israel ink three transportation deals

Three transport cooperation agreements were signed on Monday in Rabat between Morocco and Israel to facilitate exchanges between the two countries. The agreements cover maritime transport to encourage direct shipping between the two countries, reciprocal recognition of driving licenses and facilitate exchanges related to road safety and transportation innovation. The agreements were initialed by the […]