Category: Business

“Very difficult” 18 months ahead for African banks — Fitch 2022-23 Outlook

September 22, 2022

The next 12-18 months will be “very difficult” for African banks as widespread inflation, currency devaluations and interest-rate hikes sweep the region, a senior director ... Read More

Amid escalating food crisis, African agriculture is set for fertilizer boom

September 22, 2022

With an estimated 346 million people across Africa being negatively impacted by a severe food crisis, according to the Food and Agriculture Organization (FAO), a ... Read More

Morocco’s green norm wins IFOAM-Organics International (OI) recognition

September 22, 2022

Bio-Maroc certificate, Morocco’s green norm , is now an international norm after the certificate received the recognition of IFOAM-Organics International (OI), an international organic farming ... Read More

Morocco, China share ambition to promote a ‘triple win’ cooperation in support of Africa

September 22, 2022

Morocco and China share the ambition to establish a "triple win" South-South cooperation in support of Africa's all-out development, Moroccan Foreign Minister Nasser Bourita said ... Read More

Morocco to import 5 mln tons of soft wheat in 2022-2023- Intecereales says

September 21, 2022

French soft wheat exporters (intercereales) said Morocco could import up to 5 million tons this 2022-2023 season. France has already exported 1 million tons of ... Read More

The African currency rollercoaster ride: struggling against super-strong US dollar

September 21, 2022

As the global economy sinks into another period of crisis, African currencies are depreciating against the US dollar and rising import costs are adding to ... Read More

Africa’s richest nations, including Morocco, control 66% of continent’s total wealth

September 21, 2022

Only three African nations control about 56% of the continent’s total wealth, according to the 2022 Africa Wealth Report published by UK investment consultancy firm ... Read More

Morocco-Mauritania: Businessmen Pushing for Stronger Economic Partnership

September 20, 2022

About one hundred Mauritanian companies took part Tuesday in Casablanca in the 2nd Moroccan-Mauritanian economic forum, a platform seeking to enhance dialogue and contacts between ... Read More

Kenya adopts new pro-business stance towards Morocco – media

September 19, 2022

Kenya has adopted a new pro-business stance towards Morocco, writes the Kenyan economic newspaper Business Today, in an analysis published on Saturday, following Kenyan President ... Read More

Spanish Barceló Group to invest $47 million in tourism sector in Morocco

September 18, 2022

Barceló Group, a Spanish company specializing in hospitality and travel, plans to invest 47 million in the tourism sector in Morocco through the acquisition and ... Read More