Business Headlines Morocco

Morocco ranks 3rd in Africa on Digital quality of life index

The “Digital Quality of Life Index” (DQL), rating digital connectivity in 117 countries in the world, has ranked Morocco 3rd on the African continent and 71 worldwide. The fourth edition of the index took into account 14 indicators including speed, GDP per capita, mobile Internet cost and broadband Internet cost. The study is based on […]

Business Headlines International Morocco

Pan-African Parliament delegation visits Tanger Med Port Complex

A delegation of the Pan-African Parliament (PAP) on Sunday visited the Tanger Med port complex. The delegation, led by PAP President Charumbira Fortune Zephania, includes several senior members of the Pan-African Parliament. The visit was an opportunity to get informed about the main projects launched in Morocco, in particular the Tanger Med port complex, and […]

Business Headlines Morocco

Morocco’s OCP posts 72% rise in first half revenue

Morocco’s phosphates and fertilizers producer OCP said its revenue in the first six months rose 72% to a record 56 billion dirhams at a context of higher demand and higher prices in the international market. Fertilizers prices rose in the first half of this year due to supply disruption resulting from the war in Ukraine […]

Emerging Markets Headlines Morocco

UN: African Atlantic States to Meet in Morocco in Q1 of 2023

The African Atlantic countries have decided to hold their next ministerial meeting in Rabat during the first quarter of 2023 to discuss the efforts made to build an African zone of peace, stability and shared prosperity. The decision was made in New York during a meeting chaired by Moroccan foreign minister Nasser Bourita on the […]

Business Emerging Markets

South African retailers source local clothes, reducing reliance on Chinese imports

With more than half of the textiles sold by South African retailers are imported from abroad, out of which nearly 60% of those imports come from China, local retailers are signing on to a master plan by the government to support local businesses in an effort to bolster the country’s clothing and textile sector. As […]

Business Finance

“Very difficult” 18 months ahead for African banks — Fitch 2022-23 Outlook

The next 12-18 months will be “very difficult” for African banks as widespread inflation, currency devaluations and interest-rate hikes sweep the region, a senior director of credit ratings agency Fitch said on Wednesday (21 September). African economies have struggled over the last year in the face of external forces including lingering effects from the COVID-19 […]

Business Emerging Markets Headlines

Amid escalating food crisis, African agriculture is set for fertilizer boom

With an estimated 346 million people across Africa being negatively impacted by a severe food crisis, according to the Food and Agriculture Organization (FAO), a fertilizer boom is breaking out on the continent, even as environmental and green farming activists call for caution. Africa has barely used fertilizers, as only 6% of the continent’s cultivated […]

Business Headlines Morocco

Morocco’s green norm wins IFOAM-Organics International (OI) recognition

Bio-Maroc certificate, Morocco’s green norm , is now an international norm after the certificate received the recognition of IFOAM-Organics International (OI), an international organic farming association. The recognition was awarded during Biofach-2022 held in the German city of Nuremberg in July (26-29). “This certificate of acceptance is awarded following a comprehensive evaluation of the Moroccan […]

Business Headlines International Morocco

Morocco, China share ambition to promote a ‘triple win’ cooperation in support of Africa

Morocco and China share the ambition to establish a “triple win” South-South cooperation in support of Africa’s all-out development, Moroccan Foreign Minister Nasser Bourita said in New York. Speaking Tuesday at a High-Level Ministerial Meeting of the Group of Friends of the Global Development Initiative (GDI), Bourita stressed that under the leadership and vision of […]

Business Europe Headlines International Morocco

Morocco to import 5 mln tons of soft wheat in 2022-2023- Intecereales says

French soft wheat exporters (intercereales) said Morocco could import up to 5 million tons this 2022-2023 season. France has already exported 1 million tons of soft wheat to Morocco during the summer, the French cereals lobby group said in a statement. With the crisis in Ukraine, Morocco has bought more wheat from France becoming its […]