First Independent Mena Newspaper
Morocco’s automotive sector, phosphates, agri-food and the aerospace industry exports showed resilience in the face of global economic uncertainties and helped mitigate an expanding trade deficit in the first four months this year. Home to production plants by Stellantis Renault and part suppliers, the automotive sector sold 49 billion dirhams, down 7%, topping all industrial […]
In a decisive stride towards climate resilience, the African Development Bank (AfDB) announced plans to establish a dedicated Carbon Markets Support Facility aimed at galvanizing carbon finance across Africa. Recognising the continent’s disproportionate vulnerability to climate change-induced disasters, this pioneering initiative seeks to unlock new streams of investment by formalizing and scaling carbon credit trading. […]
Royal Air Maroc (RAM) is set to bolster its fleet with the delivery of two Boeing 737 MAX 8 aircraft, scheduled to arrive on May 31 and June 2, respectively, Le360 reported. The order is part of the national carrier’s broader strategy to expand and modernize its operations amid growing demand for air travel. These […]
Mauritania’s Sidi Ould Tah, who secured a five-year mandate at the helm of the African development Bank, one of the continent’s most influential financial institutions, pledged in his victory speech to “build a stronger, more responsive AfDB” that can better support member countries in tackling urgent challenges such as climate resilience, food security, and youth […]
Morocco’s phosphates and fertilizer giant, OCP, reported a 10% growth in its revenue in the first three months this year to $2.3 billion. This performance was attributed to higher demand on fertilizers in Europe, Brazil, Africa, and India, where inventories have been depleted. It also took place in a context of DAP/MAP fertilizers export restrictions […]
Morocco and the UN World Tourism Organization have signed a financial agreement related to the establishment of the organization’s first African innovation Office in Rabat, Morocco. The financial agreement was signed Thursday in Madrid by Morocco’s Minister of Tourism, Fatim-Zahra Ammor, and UN Tourism Secretary-General Zurab Pololikashvili. This agreement follows host country agreement signed between […]
Sidi Ould Tah of Mauritania was elected this Thursday President of the African Development Bank Group at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire. Sidi Ould Tah will succede Nigerian Akinwumi Adesina at the helm of the AfDB. Tah was elected by the Bank’s Board of Governors, comprising Finance and Economy Ministers or […]
Morocco and Egypt have called for an immediate ceasefire in Gaza and for unrestricted distribution of humanitarian aid to the starving Palestinians. This came during a meeting held in Rabat on Wednesday between Morocco’s Minister of Foreign Affairs, Nasser Bourita, and his Egyptian peer Badr Abdel Aty, who is visiting Morocco to convey a written […]
Morocco’s automotive sector is undergoing a remarkable transformation. After starting as a regional assembly hub, the country’s car industry has grown into a leading player in electric vehicle (EV) and green hydrogen technology, said the London School of Economics in a report. This North African nation is strategically positioning itself as a global automotive powerhouse, […]
Morocco has emerged as a key beneficiary of the Mirova Sustainable Land Fund 2 (MSLF2), a €363 million impact investment initiative targeting sustainable agricultural and forestry management across seven countries, reinforcing the Kingdom’s leadership in Africa’s ecological transition. The fund, launched by Mirova—a Natixis Investment Managers affiliate—with strategic support from the Green Climate Fund, addresses […]