Business Emerging Markets Headlines Morocco

Morocco welcomes first tourists after months-long hiatus

A group of British tourists landed Saturday in the coastal city of Agadir, becoming the first batch of international holiday makers to visit the North African country since March owing to the covid-19 pandemic. Low-cost airline Ryanair, Aujoud’hui.ma reports, landed at the city airport of Al Massira with the visitors welcomed by local tourism and […]

Business Emerging Markets Headlines Morocco

Morocco, Leader in Africa’s Macroeconomic Integration

Morocco ranked 1st in Africa in macroeconomic integration in “Africa Regional Integration Index 2019”, published lately by the UN Economic Commission for Africa (UNECA), the African Development Bank (AfDB) and the African Union Commission. With a score of 0.809, Morocco takes the lead in the continent macroeconomic integration. Mauritius came in the second place followed […]

Business Emerging Markets Energy

Rabat & Addis Ababa Want to Speed up Access to Sustainable Energy

Morocco and Ethiopia are looking into ways of speeding up the implementation of the “Coalition for Access to Sustainable Energy”, an initiative launched by the two African countries during the Climate Action summit convened last year in New York. The initiative, which aims to ensure full access to energy for the least developed and other […]

Business Emerging Markets Headlines Morocco

Covid-19: Moroccan Economy Loses $ 2.9 Bln & 8.9 Pts of GDP in Q2

The global coronavirus epidemic will knock 8.9 points off of Morocco’s economic growth in the second quarter of 2020, says Morocco’s Statistics agency (HCP). In its updated forecast for first semester of 2020, le “Haut Commissariat au Plan” says Covid-19 will cost the country $2.9 billion in economic loss due to a sharp drop in […]

Business Egypt Emerging Markets Headlines

Egypt to buy 50 new locomotives from Siemens giant

Egypt Railway Authority is in the process of buying 50 new locomotives from German multinational conglomerate company as the most populated Arab country embarks modernizing its rail way sector. The deal which is in the pipeline according to Arab Finance Brokerage includes maintenance works for 50 of Siemens Henschel, a model that has been efficiently […]

Africa Business Emerging Markets Energy International

Dozens die in petrol tanker blast in Nigeria

At least 50 people were killed in Nigeria when fuel from a crashed truck that they were siphoning up caught fire, local media reported. The incident happened on Monday afternoon after a fuel tanker trying to avoid a pothole overturned and fell off the road in Ahumbe village in Benue State, according to a spokesman […]

Business Emerging Markets Headlines Morocco

PSA Officially Inaugurates its Kenitra Plant

King Mohammed VI chaired, on Thursday in the integrated industrial platform “Atlantic Free Zone”, in the commune of Amer Saflia (province of Kenitra), the inauguration of the new French automaker PSA Peugeot plant worth €557 million. The group’s industrial project in Morocco is based on the creation of a complete automotive ecosystem.   Construction work […]

Emerging Markets Headlines Morocco

Vocational training roadmap presented to the King

The roadmap for the promotion of vocational training in Morocco has been presented to King Mohammed VI at a meeting he chaired Thursday in Rabat. The roadmap provides inter-alia for the setting up of “des cités de métiers”, platforms of professions and skills, in each of the twelve regions of the Kingdom. The Cities will […]

Business Emerging Markets

Energy Market: ECOWAS completes its new Regional Master Plan

The Economic Community of West African States (ECOWAS) has finalized its new Regional Master Plan for the Production and Transmission of Electric Power. The plan, which was presented by Secretary General of the West African Power Pool (WAPP), Siengui Appollinaire Ki, aims to increase power access and coverage across the West African region. The new […]

Africa Emerging Markets Headlines International

Volkswagen inks MoU with Ethiopian Government

After Kenya and Rwanda, the German car giant Volkswagen continues its expansion plan in East Africa. A Memorandum of Understanding (MoU) was signed on Monday by Thomas Schaefer, Head of the Volkswagen Sub-Saharan Africa Region, and the Commissioner of the Ethiopian Investment Commission (EIC), Abebe Abebayehu to deliver a joint vision for the development of […]