First Independent Mena Newspaper
In a major step towards strengthening Morocco’s aerospace industry, Pratt & Whitney Canada, part of the RTX Group, held earlier this week a groundbreaking ceremony for its new facility in the Kingdom, known as Pratt & Whitney Morocco (PWM), in the mid-park area in Casablanca. This new 12,000 square metre facility marks a milestone for […]
The Board of Directors of the African Development Bank (AfDB) Group has approved funding of €120 million under the Transformation Support Program for a Moroccan Digital, Entrepreneurial, and Inclusive University (UM 4.0). This program, which targets students, higher education teachers, entrepreneurs and young graduates, aims to contribute to the development of human capital and the […]
Morocco is ready to promote its startup ecosystem to a higher level, coordinator of the US Prosper Africa initiative, British A. Robinson, said Tuesday in Marrakech. Speaking at the closing ceremony of the Morocco-USA Venture Capital Forum (May 27-28), Robinson underlined that Morocco boasts a startup ecosystem that is increasingly dynamic and innovative, and has […]
Morocco will earmark 1 billion dollars to buy new buses in different Moroccan cities as part of a 2024-2029 urban transport modernization plan, the interior minister Abdelouafi Laftit said. In total, Morocco would need 3500 new buses in 32 cities as part of an investment that also includes the upgrade of ticket machines and stations, […]
African governments need to develop robust strategies for the critical minerals sector amid global rush for the continent’s lithium and other strategically important rare metals, a recent research has found. Demand for lithium, for example, tripled from 2017 to 2022, while the critical minerals market doubled in five years, reaching US$320 billion in 2022, according […]
Marrakech hosted on Monday and Tuesday a Morocco-USA Venture Capital Forum, organized by the United States Embassy in Rabat, in collaboration with the US government initiative “Prosper Africa”. The forum, the first of its kind between the two countries on venture capital, brought together 25 of the most promising startups in the North African Kingdom. […]
Morocco’s port authority is going green. It seeks to set up five photovoltaic solar plants in the ports of Casablanca, Agadir, Jorf lasfar, Laayoune, and Boujdour. The solar plants would power the ports to reduce the carbon footprint, as part of a larger national plan that would increase the share of renewables in the electricity […]
Morocco’s harvest of three main grains, soft wheat, durum, and barley, dropped 43% to 3.12 million tons in 2024, due to a severe drought that slashes cultivated areas. The cultivated area shrunk to 2.47 million hectares, compared with 3.67 million hectares last season, the agriculture ministry said. Soft wheat harvest dropped to 1.75 million tons, […]
Ghana signed a memorandum of understanding with bilateral creditors, including France and China, to restructure $5.4 billion worth of debt. The deal was seen as a prerequisite for unlocking $360 million from the IMF under a $3 billion bailout program next month. Ghana was the second African country to default on its debt following Zambia […]
Managem, a Moroccan mining company, said it lowered cobalt production at its Bou Azzer mine due to falling prices, as it reports a drop in first quarter revenue. The company opted for “preserving resources” in this low prices context, it said in a statement, noting a 13% drop in first quarter revenue. Cobalt is a […]