First Independent Mena Newspaper
EBRD’s Head for Morocco Antoine Sallé de Chou announced on Thursday at the Mohammed VI Polytechnic University (UM6P) in Salé that the European Bank for Reconstruction and Development (EBRD) has facilitated investments exceeding €400 million in Morocco’s water sector. These investments primarily address issues pertaining to water supply and demand management, Sallé de Chou told […]
Spanish aeronautical group Aciturri is expanding its presence in Morocco through a new partnership announced Wednesday. Under the new partnership, Aciturri will establish a new manufacturing facility in Midparc, a Moroccan industrial development company, with an estimated investment of $2.4 million (25 million dirhams) planned for equipment in 2024. The agreement, signed in Casablanca in […]
Spain is planning to invest 45 billion euros in Morocco by 2050 in various projects, said Spanish Prime minister Pedro Sanchez at a press conference held Wednesday in Rabat at the end of his working visit to the North African Kingdom. “Spain is a key partner for Morocco with €45 billion investment planned by 2050”, […]
The African Continental Free Trade Area (AfCFTA) agreement offers four significant opportunities to the Moroccan automotive sector, which is among the best developed on the continent, especially for its affordable inputs, finished exports, advantageous labor, and reduced customs tariffs, the 9th edition of the CFC Africa Insights report outlined. The report, titled “AfCFTA: unlocking the […]
The African Development Bank Group (AfDB) is committed to actively contribute to financing development projects in Morocco, in line with the kingdom’s social and economic priorities. The remarks were made by the special representative of the AfDB President, Yacine Fal, at a meeting in Rabat this Thursday with Morocco’s Minister of Economy and Finance, Nadia […]
Spanish Prime Minister Pedro Sanchez welcomed strengthened ties with Morocco at all levels and reiterated his country’s position in support of Morrocco’s autonomy plan for the Sahara territory. Sanchez who is making his first visit to Morocco since his re-election recalled that Spain remains consistent in its policy towards the Sahara conflict in line with […]
The IMF welcomed the resilience of the Moroccan economy in 2023 despite external shocks and drought, noting that growth should improve to 3.5% in the medium term. “Economic growth has strengthened in 2023 thanks to the recovery in domestic demand and buoyant exports,” the IMF said in a statement the end of its Article IV […]
King Mohammed VI hosted in Rabat on Wednesday a luncheon in honor of the President of the Spanish government, Pedro Sanchez, and his accompanying delegation that included Foreign Affairs Minister José Manuel Albares. Besides the Head of the Moroccan Government, Aziz Akhannouch, who presided over the luncheon, other members of the delegation accompanying Sánchez, Speaker […]
Morocco’s Minister of Equipment and Water, Nizar Baraka, and his Mauritanian peer, Mohamed Aly Ould Sidi Mohamed, launched at a meeting held, in Rabat on Tuesday, a roadmap for strengthening bilateral cooperation in infrastructure and ports. The meeting examined the means to launch structuring projects which will have a positive impact in Mauritania, in particular […]
Niger failed to make a debt payment of 13.4 billion CFA francs ($22 million) last week, the West African debt management agency said on Monday (19 February), bringing the total default to $519 million since a coup in July 2023 and its subsequent suspension from regional financial markets. The West African Economic Monetary Union (WAEMU) […]