Category: Business

OECD report highlights Morocco’s progress in tax transparency

November 11, 2022

A report by the Organization for Economic Cooperation and Development (OECD), published this week, highlighted the efforts and progress made by Morocco in tax transparency. ... Read More

Morocco’s automotive industry attracts over €300 Mln new investment

November 10, 2022

Stellantis group, one of the world’s leading automakers, announced on Wednesday a new investment of over €300 million in its Kenitra manufacturing facility aimed at ... Read More

EIB supports Morocco’s railway infrastructure upgrading with €200 Mln loan

November 9, 2022

The European Investment Bank (EIB) and the Office National des Chemins de Fer (ONCF) have signed on Wednesday a €200 million (2.1 billion dirhams) financing ... Read More

Kenyan MPs demand more details on secret $5bn railway loan deal with China

November 9, 2022

Some Kenyan lawmakers are demanding to see more documents from a secret $5bn loan agreement with a Chinese bank that financed a cross-country railway, with ... Read More

Qatar deposits $1bn in Egypt’s Central Bank

November 9, 2022

The Qatar Investment Authority (QIA) deposited $1 billion at the Central Bank of Egypt (CBE) at the time the Gulf country was close to a ... Read More

Burkina Faso’s Trade minister steps down amid charges of fraud, embezzlement

November 9, 2022

Donatien Nagalo, Burkina Faso’s Minister of Industrial development, Trade, Crafts and Small and Medium-sized enterprises, stepped down Tuesday amid growing protests against his appointment by ... Read More

COP-27: Switzerland pledges to cut its CO2 emissions in Morocco

November 8, 2022

Morocco and Switzerland have signed an agreement on environment protection on the sidelines of the COP-27 climate summit currently held in Sharm El Sheikh, Egypt. ... Read More

AIF 2022 attracts record investment pledges, but fails in solving Africa’s infrastructure paradox

November 8, 2022

This year's African Investment Forum (AIF), the continent’s premier investment platform, attracted a record $63.8bn in investment pledges for infrastructure projects, but experts warn of ... Read More

Blood diamonds: Botswana wins bid to host anti-conflict diamond watchdog

November 8, 2022

Botswana, the world’s second-largest diamond producer, has won its bid to host the permanent secretariat of the Kimberley Process (KP), the grouping that certifies that ... Read More

AfDB supports Agricultural and Social Security Coverage programs in Morocco with $286 million loans

November 7, 2022

The African Development Bank (AfDB) will grant Morocco two loans worth $286 million to finance two programs related to the development of cereal growing and ... Read More