First Independent Mena Newspaper
Africa practice, a pan-African strategy and communications consulting firm, has joined Casablanca Finance City, the 1st financial center in Africa, according to the 2018 Global Financial Center Index Set up in 2003, Africa practice advises some of the largest institutions, companies and investors on the continent. It operates from seven African offices and delivers assignments […]
Foreign Direct Investment flows in Morocco increased by 23 per cent in 2017 to reach $2.7 billion, while FDI to the rest of North Africa dropped by 4 per cent, according to UNCTAD’s World Investment Report 2018 (WIR). The FDI injected in the North African Kingdom went up thanks to considerable investment into new car […]
Moroccan Minister of Agriculture Aziz Akhannouch and Tariq Sijilmassi, Chairman of banking Group Crédit Agricole, chaired on Tuesday, in Rabat, the signing ceremony of an agreement with the farmers’ cooperatives and their Union (UNCAM) and the National Federation of millers. Under the agreement, Crédit Agricole bank will provide agricultural cooperatives soft loans to enable them […]
A Parliamentary inquiry presented on Tuesday rebuked gas distributing companies for increasing their profits and undermining the citizen’s purchasing power after the state liberalized the market in 2015. The report was presented amid an ongoing consumer boycott that hurt the finances of three brands operating in fuel distribution (Afriquia), dairy (Central Danone) and bottled water […]
Algeria was ranked among the countries making less information available about how they raise and spend public money, according to the results of the Open Budget Survey 2017. With a score of 3/100, Algeria was in the rear with a double-digit decline in its performance compared to 2015. “On the other hand, Open Budget Index […]
Morocco’s BCP Bank and the African Development Bank teamed up in a $100 million agreement to boost trade between African countries. The deal (risk participation agreement) provides for cooperation to promote trade between African states by meeting the growing demand on financing transactions in the continent, the Moroccan bank said in a statement. The BCP […]
Casablanca Finance City (CFC) signed a partnership agreement with Xicheng District Financial Development Promotion Center (XDFDPC) to promote investment opportunities between the two countries. The agreement is in line with CFC’s expansion strategy after it signed similar agreements with London, Luxembourg, Montreal, Paris, Astana and Busan. Under this agreement, the two parties shall cooperate in […]
King Mohammed VI arrived Saturday in Brazzaville to take part in the first Summit of Heads of State and Government of the Climate Commission and the Blue Fund for the Congo Basin as “special guest”. After the summit, which will take place on Sunday, the King will pay a working and friendship visit to the […]
The Moroccan tourist city of Marrakech will host the joint annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in October 2021. The decision was made by the Boards of Governors of the two institutions. It shows the trust Morocco enjoys at the international scene. The joint WB-IMF meetings bring […]
The World Bank urged Morocco to adopt a new growth model oriented towards boosting exports and strengthening the private sector. “Morocco’s growth model shows signs of weaknesses as it is confronted with a series of sustainability issues that risk, with varying degrees of intensity, impeding further progress,” the World Bank said in its April economic […]