Business Emerging Markets Europe Headlines International Morocco

Morocco’s Renault factory output up 9.3% in 2023

The Moroccan plant of French carmaker Renault reported a 9.3% increase in manufactured vehicles to 382,661, placing the factory as the second largest within the Renault group in terms of output volume. The figures were given by head of Renault Maroc, Mohamed Bachiri, who said 90% of produced vehicles were sold in 68 countries. Morocco-produced […]

Africa Business Emerging Markets Headlines International Morocco

Sahara: Gambia reaffirms backing to Morocco’s “credible and realistic” Autonomy Plan

The Gambia has reaffirmed its steadfast support for Morocco’s Autonomy plan, saying it is the only “credible and realistic” solution to the Sahara regional conflict. The supportive stand was expressed in a joint communiqué issued Thursday in the Moroccan Saharan city of Dakhla following the 3rd meeting of the Morocco-Gambia Cooperation commission held under the […]

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Kenya discovers very rare coltan deposits, conflict-linked mineral used in phones, laptops

Kenya has announced the discovery of its first deposits of the valuable mineral coltan, a priceless component with special electrical qualities that is used in the manufacture of electric car batteries, smartphones, laptops, and other electronic and communication devices. A substantial amount of the precious mineral was found at least in six Kenyan counties across […]

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Iran vows to help Niger overcome sanctions

Iran has proposed to help Niger surmount economic sanctions it has been under since July 26 after incumbent leader General Abdourahamane Tiani removed Mohamed Bazoum in a military coup. The offer was made Wednesday January 24 by Iran’s first Vice-President Mohammad Mokhber during a meeting with Niger’s visiting Premier Ali Mahaman Lamine Zeine, reports say. […]

Africa Asia Emerging Markets Headlines International Morocco

Morocco’s push for African integration highlighted at G77+China Summit

Morocco’s ambitious projects and initiatives aimed at enhancing regional integration in Africa were highlighted at the 3rd G77+China Summit, convened in Kampala, Uganda, January 21-22. Morocco’s Permanent Representative to the United Nations, Omar Hilale, outlined, in an address before the Summit, Morocco’s efforts and initiatives to speed up regional integration in Africa. Under the leadership […]

Emerging Markets Headlines Morocco

Morocco tenders for northern waterway

Morocco has launched a tender to build a waterway connecting two northern dams to ensure supply to Tangier industrial region. The project emulates the success of the waterway that carries water from the northwest to Rabat and Casablanca and which spared the two cities water cuts. Morocco is currently suffering the sixth year of drought […]

Business Emerging Markets Headlines Mauritania Morocco

Nouakchott pledges to review higher tariffs imposed on Morocco’s produce

The issue of increased duties levied on some imported Moroccan agricultural products will be resolved through dialogue and consultation between the two countries, said Mauritanian Foreign Minister Mohamed Salem Ould Merzoug. The Mauritanian top diplomat made the remarks during his talks held Monday in Rabat with Moroccan peer Nasser Bourita. Salem Ould Merzoug is visiting […]

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Morocco’s OCP plans Potash production

Morocco’s phosphates producer has partnered with Moroccan mines and hydrocarbons agency ONHYM in a potash project in Khemisset, 80 km east of Rabat. OCP won two licenses covering 176 square kilometers in the area and the project is already at an advanced stage, Moroccan media reported. Resources are estimated at nearly 350 million tons in […]

Emerging Markets Headlines Mauritania Morocco

Morocco underscores Mauritania’s key role in Atlantic initiative

Mauritania has a central role to play in Morocco’s Atlantic initiative aiming to offer access to the ocean to landlocked Sahel countries and promote regional economic integration and shared development. Morocco’s foreign minister Nasser Bourita made the remarks at a joint press conference in Rabat with his guest Mauritania’s foreign minister Salem Ould Merzoug. King […]

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Africa’s 2023 investment hotspots list dominated by Kenya, Egypt, Nigeria and S.Africa — report

Kenya, Egypt, Nigeria, and South Africa have emerged as the top investment destinations in Africa for funding in 2023, as the quartet of markets collectively accounted for a dominant 68% share of the continent’s total investment influx last year, according to a new report. The report entitled ‘The Africa Investment Report 2023’ provides a compelling […]