First Independent Mena Newspaper
Morocco has prepared a propitious investment infrastructure in Dakhla in the Sahara region, which is now poised to serve as a gate for Africa, the Oxford Business Group said. The region already enjoys a GDP per capita that is twice higher than the national average and boasts a diversified economy that comprises fisheries, tourism, renewable […]
Moroccan banks have shown resilience to the impact of the Covid-19 crisis maintaining enough provisions to face the surge of the cost of risk due to a rise in impaired loans, analysts and the central bank say. The IMF has urged the Central Bank to keep ensuring that the Banks had enough provisions to deal […]
Morocco’s economic, social and environmental council (CESE) put forward a set of recommendations to cut the share of informal employment in the job market to 20%, a rate close to developed countries. According to national and international institutions, the informal economy accounts at least for 36% of all jobs in Morocco and it has a […]
Morocco is busy working to establish itself as a commercial and financial hub linking Africa and Europe, says American Consulting firm Kearney in its latest “Global Retail Development Index” report. Morocco’s economy is on the path to recovery, supported by an uptick in household consumption, export demand, and governmental policies, adds the GRDI research report […]
Leading companies in Egypt are facing serious shortage of skills in the recruitment process, US-based online Nexford University has revealed in a report, Zawya reports. A survey conducted by the Washington institution that defines itself as a breeder of “leaders not followers”, shows that 78 percent of companies, including PWC, Pfizer and the National Bank […]
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 […]