First Independent Mena Newspaper
Like many state and private Moroccan companies, waste management company Arma said it plans to set up a waste management plant in Abidjan where it is finalizing deals with suppliers. The company’s CEO Youssef Ahizoun told Reuters the plastic waste recycling plant would be ready within few months. Arma investment would be the first by […]
The European Union is eyeing the potential of Africa’s yet-to-be-developed green hydrogen industry, deepening climate and energy partnerships in the process, as evidenced by the recently inked $34 billion deal for a giant green hydrogen project in Mauritania. After a recent rush on Africa’s natural gas resources following the Russia-Ukraine war flare up in March […]
Germany’s plan to establish migrant centers in five African countries to offer a select category of Africans the possibility of settling on its soil is likely to encourage brain drain, which will occur due to the exit of skilled people from the continent, experts have warned. The new fast-track procedure proposed for skilled labor essentially […]
Morocco plans to introduce subsidies to help small companies leave the informal sector, employment minister Younes Sekkouri said. The aid consists of 10000 dirhams to subsidize rent payments of small companies to help them integrate the formal sector, Sekkouri said. Sekkouri deplored that 70% of Moroccan entrepreneurs are operating in the underground economy. He also […]
Morocco announced a road map worth 6.1 billion Dirhams (590 million dollars) to attract 17.5 million tourists and 12 billion dollars in tourism receipts by 2026. The sector has turned the page on the pandemic with arrivals increasing to 11 million in 2022, that is a recovery rate of 84% compared with 2019. The road […]
Hutchinson group has expanded its Casablanca production site specialized in the manufacturing of composite aerospace parts and cabin insulation solutions. The 18,700 sq. m addition was inaugurated Wednesday by Ryad Mezzour, Moroccan minister of industry & Trade, Hélène Moreau-Leroy, Chairman & CEO of Hutchinson, and Philippe Olivier, Senior EVP, Aerospace, Defense & Industry. The expansion […]
Members of a US congress delegation praised, Thursday in Casablanca, the leadership of King Mohammed VI to bring stability to the whole region, and stressing the importance of this leadership to promote peace and stability. “His Majesty’s leadership in bringing stability to the region is extremely important to continue to promote peace and the kind […]
The closure of three key banks in the United States has taught Nigeria tough lessons, prompting Africa’s biggest economy to launch a $672 million fund to support its tech startups. Nigeria wants to cushion its startups against the kind of situation that Chipper Cash, a victim of the fall of SVB and the bankruptcy of […]
Spanish and Portuguese Prime Ministers Pedro Sánchez and Antonio Costa have hailed Morocco’s joint bid with Spain and Portugal to host the 2030 World Cup as a “very good message” of collaboration between the two shores of the Mediterranean, and between Europe and Africa. “This bid has a very positive charge and sends a very […]
Egypt signed two agreements worth $1.6 billion with international consortiums on the establishment of the superstructure, management, operation, exploitation, maintenance, and handing over of the container terminals at Ain Sokhna and Dekheila ports, the Arab country said in a statement on Wednesday. The first project will be implemented in the port of Sokhna between the […]