Business Emerging Markets Headlines Morocco

Auto Industry: €50 Mln earmarked for 1st Moroccan car brand for local market

“Neo” is the first Moroccan car brand to be produced for local market with a €50 million investment which will be used for the building of a factory for this project. The announcement has been made by the Minister of Industry & Trade, Ryad Mezzour. He told Saudi newspaper Asharq that the plant is expected […]

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Zimbabwe bans raw lithium exports as demand, prices soar

Zimbabwe has banned the export of raw lithium from its mines so it can cash in on value addition and stop losing billions of dollars in mineral proceeds to foreign companies. The new regulation is designed to “ensure that the vision of the president to see the country becoming an upper-middle income economy has been […]

Africa Emerging Markets Headlines International

Shell to pay 15m euros in compensation to Nigerian farmers over oil spills

Shell will pay 15 million euros in compensation to Nigerian farmers for oil spills that severely polluted three villages in the Niger Delta, the oil giant has said in a statement. A court in The Netherlands ruled in 2021 that Shell’s Nigerian subsidiary was liable for damages resulting from the spills and ordered the oil […]

Business Emerging Markets Europe Headlines International Morocco

Automotive Industry: Faurecia expands presence in Morocco with 4th plant

The French automotive tech company Faurecia, one of the world’s leading automotive suppliers, is set to open its fourth factory in Morocco, expanding thus its presence in the Kingdom. A memorandum of understanding relating to the creation of the new plant which will produce textile and leather covers for automotive seats, was signed last week […]

Africa Business Emerging Markets International

Côte d’Ivoire, Ghana cocoa growers step up fight to improve farmers’ pay

Although Côte d’Ivoire is the world’s top cocoa producing country, accounting for around 45% of the global cocoa beans production, the country receives just 4% of the chocolate industry’s estimated annual returns worth $100bn. Being on the “front lines of the climate crisis,” cocoa farmers in the region harvests suffer, so do their livelihoods, according […]

Business Emerging Markets Headlines International Morocco

Morocco’s Mohammed VI International University Hospital obtains ISO 9001 V-2015 certification

The Mohammed VI International University Hospital of Bouskoura has obtained ISO 9001 V-2015 certification. Through this new certification, the Hospital is thus strengthening its commitment to a policy of continuous improvement in the quality and safety of care. The hospital’s approach is centered on “patients” and is essentially based on respect for their rights and […]

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Automotive Industry: Japanese Sumitomo strengthens its presence in Morocco; targets 16,000 new jobs by 2028

The Japanese Sumitomo corporation intends to expand its operations in Morocco with the launch of nine new industrial units for the manufacturing of wiring and components in different regions of the Kingdom for a total investment of 1.96 billion dirhams. The framework agreement between Morocco and Sumitomo corporation for the development of these industrial projects […]

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Morocco, Mauritius, SA hailed as Africa’s most innovative countries in 2022

Morocco, Mauritius and South Africa are ranked as the most innovative African countries as they have significantly moved up closer to developed economies in the rankings over the past few years. The 15th edition of the Global Innovation Index released recently by the World Intellectual Property Organization (WIPO) has highlighted Africa’s success in 2022 noting […]

Africa Business Emerging Markets Headlines International Morocco

Morocco’s OCP carries on support to African farmers

Morocco’s OCP group, which elaborated a program to support African farmers as the continent faces a food security crisis, has donated 5,000 tons of fertilizers to smallholder farmers in Mauritania and struck a partnership with Kenya’s Ministry of Agriculture to launch soil mapping exercises for over 100 participants. The fertilizers donated to Mauritania will benefit […]

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State Department hails Morocco’s ‘extremely important’ participation in U.S.-Africa Summit

The U.S. State Department welcomed, Thursday, the “extremely important” participation of Morocco in U.S.-Africa leaders Summit, held in Washington December 13 to 15. “Having Morocco here (at the summit in Washington) is extremely important,” said Robert Scott, U.S. Assistant Secretary for African Affairs at the State Department, in a statement to the press on the […]