Business Emerging Markets Headlines Morocco

Moroccan companies bid to build Casablanca’s desalination plant

Morocco’s water department plans to announce the company that would build Casablanca’s desalination plant by year’s end, water and equipment minister Nizar Baraka said, adding that the competing companies include Moroccan ones. Consecutive droughts emptied many Moroccan dams pushing the government to invest in desalination to free dam water for inner regions. By 2030, Morocco […]

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Morocco adds powerful U.S. rocket launchers & missiles to its military firepower

The Royal Armed Forces will receive the U.S. rocket launchers (HIMARS) and guided bombs (JSOW) that will enhance further Morocco’s military capabilities to encounter threats to its stability and regional peace. On Tuesday, the U.S. Defense Security Cooperation Agency said the State Department has approved the sale to Morocco of 18 High Mobility Artillery Rocket […]

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Moroccan Fruits and vegetables producers blame high prices on production costs

The association of Moroccan fruits and vegetables producers (APEFEL) said the high prices in the Moroccan market were due to higher production costs notably those of fertilizers and pesticides. Speaking to MPs, APEFEL representatives said ammonia and phosphates-based fertilizers saw prices rise 466% and 61% respectively, which was in turn repercussed on consumer prices. This […]

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UK MP commends Moroccan King’s vision for stability & democracy

Chairperson of UK-Morocco Parliamentary Friendship Group Heather Wheeler has commended King Mohammed VI’s vision for strengthening stability, democracy and building a strong inclusive economy. This Royal vision will make Morocco UK’s “strategic partner in Africa,” said on Tuesday in Rabat the Conservative MP following her meeting with Moroccan Foreign minister Nasser Bourita. She also praised […]

Emerging Markets Finance Headlines Morocco

Morocco to treat IMF credit line as precautionary

Morocco will continue to consider the IMF flexible credit line of $5 billion as precautionary and would only draw on it in case of external shocks like the Covid-19 pandemic, Morocco’s finance ministry said. The credit line is only granted to countries with sound macroeconomic and financial fundamentals and would add to Morocco’s credibility in […]

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Beijing is a better ally for Africa than Western countries – Chinese Foreign Ministry

The Chinese Foreign Ministry Monday said the Asian giant is a better ally for Africa than Western countries as the continent is increasingly the target of rivalry among global powers. Wang Wenbin, the spokesman of the ministry said during a press briefing Monday China can provide assistance to Africa in places and at a time […]

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UK halts active recruitment of health workers from Nigeria

The United Kingdom will halt the recruitment of health workers from Nigeria, placing the country on the red list of countries not to be targeted for recruitment by health and social care employers unless there is an agreement between governments, the government has announced. The move comes after the World Health Organization (WHO) identified Nigeria […]

Americas Business Emerging Markets Headlines International Morocco

American CVG to open plant in Morocco, gateway for European market

Morocco has attracted a new American investor, CVG, a global supplier of electrical systems, which will open a facility in Tangier in the third quarter of 2023. In a recent press release, the U.S. group said it will also open another facility in Aldama, Mexico. Both locations are expected to employ approximately 1,000 new employees […]

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After rentier Algeria, cash-strapped Tunisia says it wants to join BRICS

After Algeria, another failing African economy, Tunisia, said it seeks to join the BRICS, a group of fast growing emerging industrial countries with diversified economies that includes Brazil, Russia, India, China, and South Africa. The announcement was made by a proponent of the Kais Saied authoritarian presidency Mahmoud bin Mabrouk who leads the July 25 […]

Emerging Markets Headlines Morocco

Morocco, WHO sign 2023-2027 cooperation strategy

Morocco and the World Health Organization (WHO) sealed a cooperation strategy for the period 2023-2027. This strategy outlines the directions of WHO’s technical support in strengthening the health sector in Morocco, and consolidating bilateral collaboration to improve the health and well-being of Moroccan citizens. The strategy, developed by WHO and the Ministry of Health and […]