First Independent Mena Newspaper
Indian multinational information technology services and consulting company HCLTech launched a Global Delivery Center (GDC) in Rabat, Morocco, as part of the company’s nearshore strategy to serve global enterprises, announced HCLTech this week. The company said that the launch follows the signing of a memorandum of understanding between HCLTech and the government of Morocco in […]
The Archives of Morocco and the Archives of Israel signed, on Wednesday in Rabat, a memorandum of understanding (MoU) aimed at preserving the Jewish-Moroccan memory and heritage. The MoU, initialed by the director of Morocco’s Archives, Jamaa Baida, and the head of Israel’s Archives, Ruth Avramovitz, who is visiting the Kingdom, will allow to enrich […]
The Board of Directors of the African Development Bank has approved a $1 billion exposure exchange with the Asian Development Bank that aims to strengthen their capital adequacy levels and boost their lending capacity. The transaction, sealed last week, will support AfDB efforts to unlock additional sovereign lending headroom. It will also bolster continued efforts […]
The International Finance Corporation, IFC, has provided a loan worth close to $3 million to Chad’s leading microfinance Express Union Tchad (EUT) to boost access to finance for underserved communities —particularly women and those in rural areas, bolster the microfinance sector, and help drive economic growth, the World Bank’s branch for private sector financing said […]
The World Bank has approved a $350 million results-based financing program to support Morocco implement its National Program for Drinking Water Supply and Irrigation (PNAEPI 2020-2027) in the framework of the 30-year National Water Plan (PNE, 2020-2050). Launched in 2020, PNAEPI aims to improve water security by accelerating investments in the sector and strengthening the […]
British consulting firm RPS won a contract to undertake a study on the meteorological and oceanographic conditions for the Nigeria-Morocco gas pipeline. The contract was awarded by Morocco’s mines and hydrocarbons agency ONHYM and the Nigerian National Petroleum Company, RPS said on its website. The pipeline project is supported by the Organization of the Petroleum […]
Burkina Faso is setting a new Caisse de dépôt et d’Investissement, CDI-BF, assigned several tasks including financing of State’s major projects. The decision, “Sika Finance” reports, came during a cabinet meeting last week. The CDI-BF replaces Caisse des dépôts et consignations (CDC) created in 2017 and dismantled in 2022 for lack of results. The CDI-BF […]
The construction works of Morocco’s first hatchery for marine fishing were launched this week in the kingdom’s northern region. This structuring project for the national aquaculture sector, which covers an area of 2.28 hectares and requires a $12.3 million investment, will provide the upstream part of the value chain with a reliable source of fingerling […]
The launch of the electronic visa, “eVisa”, by Morocco on July 10, 2022 has had a positive impact, making the visa granting procedure much smoother and easier for certain foreign nationals requiring a visa to visit the country, the Ministry of Foreign Affairs said. One year after its launch, the eVisa system has processed more […]
Chairman of the Economic, Social and Environmental Council (CESE), Ahmed Reda Chami, advocated four fundamental axes for building the Moroccan model for a successful social state, which reflects its history, culture, values and resources. Speaking at the opening of the 6th Morocco Today Forum, held in Casablanca, Chami emphasized that it is first and foremost […]