First Independent Mena Newspaper
Morocco’s National Office of Electricity and Drinking Water (ONEE) has teamed up with Atos and Siemens on smart management of power grid (smart grid), which uses IT to monitor power generation and demand in near real-time, providing more reliable and cost-effective system. This project is part of the country’s digital transformation agenda. It will enable […]
Egypt Monday announced plans to raise exports to 10 African countries to $7 billion next year as part of a long term strategy aiming at $10 billion in value for export to Africa by 2025. The $7 billion target is the first phase of three-phase strategy designed by the Arab country. For this phase the […]
Coca-Cola Hellenic Bottling Company (HBC) is set to invest $1 billion in the Egyptian market over the coming five years, following its acquisition of Coca-Cola Bottling Company of Egypt (CCBCE) according to a statement by office of the Egyptian Prime Minister. Egypt became the 29th country around the world that HBC will be operating in, […]
French hypermarket Géant Casino will invest about $64 million (EGP 1 billion) in Egypt as part of an expansion plan, reports say. The company, a subsidiary of Groupe Casino, as part of the plans, will open 15 new supermarkets, hypermarkets, and express markets in the Arab country. The announcement came the company inaugurated its first […]
Saudi Arabia and Libya will provide Tunisia a loan of $500 million each attached with affordable interests to help the North African country to overcome economic woes amid the ongoing political crisis. The news was revealed by Tunisie Numerique, which cited a source knowledgeable of the matter but who asked not be named because not […]
The production of olives is expected to increase this year by 21 pc compared to last year crop, said on Tuesday minister of agriculture Mohamed Sadiki at the Parliament’s upper house (Senate). Morocco’s citrus out is also expected to go up by 14 pc this season compared to previous year harvest, added the minister, noting […]
The Tunisian ministry of Transport and Logistic Monday named a new Chief Executive Officer for the national carrier, headless since the dismissal in July 2020 of a former executive on corruption charges. The new CEO Olfa Hamdi is tasked with developing a strategic action plan to save the airline and enable it to be competitive. […]
As the world is racing to stem the spread of the deadly pandemic with vaccination campaigns, the kingdom of Morocco appears to have taken the lead on the African continent with several deals to secure the most effective vaccines and with an early vaccination plan, French media Le Point notes. Indeed, the North African country […]
The Moroccan tourism, the hardest hit sector by the Covid-19 global pandemic, gets a precious boost from the low-cost carrier Ryanair which resumed on Oct.25 its operations in this North African country. The announcement was made by Mrs. Jason McGuinness, commercial director of the European airline. “We are pleased to support the Moroccan tourism sector […]
Morocco’s Tanger Med Industrial Zone ranked 2nd most attractive on a Financial Times FDI Intelligence ranking. Tanger Med Industrial Zone stood out in the ranking, dubbed FDI Global Free Zones of the Year 2020, which compares the competitiveness and attractiveness of 100 platforms across the world. Tanger Med was outperformed only by Dubai Multi Commodities […]