Africa Emerging Markets Headlines International Morocco

Royal Air Maroc, second best airlines in Africa- Skytrax

Morocco’s flag carrier Royal Air Maroc was ranked the second-best carrier in the African continent, outperformed by Ethiopian Airlines which took the first position for the seventh year in a row. RAM won the title of the best regional airline in Africa, as it continues to expand its fleet, services, and destinations. RAM plans to […]

Africa Emerging Markets Headlines International

Ethiopia, South Sudan to build $738 mln road

Ethiopia and South Sudan are putting the final touches to start building a 220-km cross border road that would cost up to 738 million dollars. The deal for the road was signed by the two governments in May 2023 and has just been approved by the South Sudanese legislative assembly, according to an Ethiopian foreign […]

Africa Finance Headlines International

IMF approves disbursement of $360 mln to Ghana

The International Monetary Fund gave the greenlight for the disbursement of 360 million dollars to Ghana, after the latter reached an agreement with its creditors to restructure its debt. “The authorities’ strategy aimed at restoring macroeconomic stability and reducing debt vulnerabilities is paying off, with clear signs of stabilization emerging,” IMF Deputy Managing Director Kenji […]

Africa Emerging Markets Headlines International Morocco

Morocco calls for preservation of Africa’s interests in new global digital order

Africa’s interests as an important component of the Global South must be preserved in the new global digital order, stressed from London Latifa Akharbach, President of Morocco’s High Authority for Audiovisual Communication (HACA). Speaking at the University of Westminster as part of an international conference on “The regulation of digital media and its challenges for […]

Business Energy Europe Headlines International Morocco

Morocco, Germany seal climate, energy alliance

Morocco and Germany signed a climate and energy alliance that includes cooperation in green hydrogen, to which Morocco attaches utmost importance in its energy diversification plans. The alliance was signed by Foreign minister Nasser Bourita and German Development Minister Svenja Schulze in Berlin. Hydrogen is key to Germany’s goal to reach carbon neutrality by 2045. […]

Business Emerging Markets Finance Headlines Morocco

Morocco to offer state guaranteed loans to upgrade hotels

Morocco plans to upgrade 25,000 rooms through state-guaranteed loans before 2025, when the country will host the African cup of nations and ahead of the 2030 World Cup, the tourism ministry said. Hotels wishing to apply could receive up to 100 million dirhams ($10 million) in loans, whose interests will be paid by the state, […]

Africa Emerging Markets Headlines International Morocco

Pan-African Parliament makes several recommendations backing Royal Africa-Atlantic Initiative

The Africa Atlantic Initiative, launched by King Mohammed VI, was presented on Thursday, June 27, at the Pan-African Parliament (PAP) during the meeting of the Trade, Customs, and Immigration Commission of the Pan-African legislative institution, holding the 3rd Ordinary Session of its 6th Legislature, from June 24 to July 5 at the institution’s headquarters in […]

Emerging Markets Headlines International Morocco

Morocco, Turkey to cooperate in energy, mining

Morocco and Turkey agreed to foster cooperation in the fields of mining and energy, including innovative fields such as green hydrogen. The deal was signed by Morocco’s energy minister Laila Benali and her Turkish peer Alparslan Bayraktar, who also agreed to cooperate on electricity distribution, decarbonization, and energy efficiency. The two parties also highlighted the […]

Energy Finance Headlines Morocco

Morocco, eighth largest recipient of investments in renewable energy- report

Morocco was ranked the eighth largest recipient of financial flows in renewable energy at 6.2 billion dollars between 2010 and 2021, a new renewable energy agency report said. Most of these financial flows went to solar, followed by wind, said the report, to which the international energy agency also contributed along with the World Bank. […]

Asia Business Emerging Markets Headlines International Morocco

China’s Tenglong to make car air conditioning parts in Morocco

China’s Tenglong plans to set up a 6-million dollar plant in Morocco to manufacture key car air conditioning components, Chinese media reported. The project was approved by the board of Tenglong which plans to produce in Morocco aluminum tubes for car air conditioning, air-con pipe assemblies, and connecting pipes for heat exchange systems, Chinese news […]