Business Libya Tunisia

Libya-Tunisia: Tunisians pressure for resumption of cross-border trade

Several Tunisian traders protested outside the Bengardane municipality headquarters, located near the Libyan border in southern Tunisia, to voice their frustration over the ongoing suspension of their primary commercial activities. The protestors are angry about the tightening of goods movement by Libyan authorities, which has severely disrupted cross-border trade. The protesters, many of whom identified […]

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Morocco’s experience in climate adaptation highlighted at COP29 in Baku

Morocco’s experience in adapting to climate change and its commitment to play a key role in energy transition at national, continental, and international levels were highlighted before the High-Level Segment for Heads of State and Government of the ongoing COP29 summit held in Baku. The kingdom’s experience was presented by Head of Government Aziz Akhannouch, […]

Emerging Markets Finance Headlines Morocco

Moroccan stock exchange launches futures market

Moroccan financial regulators announced the launch of the futures market which would help the Casablanca stock exchange attract more investors. The launch was announced in a ceremony by bourse regulator AMMC, the finance ministry and the central bank, who all highlighted the importance of the financial instrument in the reforms launched by the country to […]

Business Features Finance

BUNA forges strategic partnership with Mastercard to boost MENA payments

Buna, the Arab Regional Payment System, has forged a strategic partnership with the global payments technology provider Mastercard in a move to enhance cross-border payments in the Middle East and North Africa (MENA) region, offering faster, more transparent, and cost-effective transactions for businesses and consumers. This private-public collaboration aims to reduce friction in cross-border payments […]

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France’s Ambassador to Morocco, first European diplomat to visit Moroccan Sahara paving the way for others to follow suit

French ambassador to Morocco Christophe Lecourtier started Monday an official visit, the first of its kind, to the Moroccan Saharan cities of Laâyoune and Dakhla. He is the first European ambassador to visit Moroccan Sahara and the second diplomat of a major global power recognizing Morocco’s sovereignty over its Sahara, after the visit paid by […]

Emerging Markets Energy Headlines International Morocco

Moroccan delegation attends COP29 in Baku

A Moroccan delegation, led by Head of government Aziz Akhannouch, is taking part in the 29th United Nations Framework Convention on Climate Change (COP29) in Azerbaijan. Upon arrival in Baku, the Moroccan delegation, which also includes Minister of Energy and Sustainable Development Leila Benali and Moroccan Ambassador to Azerbaijan Mohamed Adil Embarch, was welcomed by […]

Business Features Finance

Africa’s growing fintech sector transforms fin-services, but funding costs are obstacle — EIB report

The number of fintech companies in Africa have almost tripled this year compared with 2020 as financial conditions across the continent ease, though funding costs are still an obstacle to further growth, according to a new report by the European Investment Bank (EIB). This progress is thanks to the improving access to finance for people […]

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Morocco’s OCP criticizes US tariff hikes on fertilizer imports

Morocco’s fertilizers and phosphates giant OCP criticized the decision by the U.S. Department of Commerce (DOC) to increase customs duty on Moroccan fertilizers from 14.21% to 16.81%. This new rate, announced after a review of the countervailing duty (CVD), applies retroactively as the final tariff rate for our 2022 imports into the United States, OCP […]

Business Emerging Markets Europe Headlines International Morocco

French ambassador to pay visit to Laayoune, Dakhla

The French ambassador Christophe Lecourtier will be visiting the cities of Dakhla and Laayoune to meet the local population and local officials and explore cooperation paths, the French embassy to Rabat said. Lecourtier’s visit comes a few days after French President Macron reiterated full support for Morocco’s sovereignty over the Sahara territory. The visit is […]

Emerging Markets Europe Headlines International Morocco

France’s FM praises France-Morocco partnership as ‘exemplary’

France’s Minister for Europe and Foreign Affairs, Jean-Noël Barrot, praised, on Monday in Paris, France’s “exemplary partnership” of North-South cooperation with Morocco. Speaking at the closing ceremony of the first day of the Paris Peace Forum, attended political, business and civil society leaders from around the world, the French minister stressed that with Morocco “we […]