First Independent Mena Newspaper
Morocco and the Chinese province of Shandong are exploring joint business opportunities in the sectors of construction, car industry, machinery and manufacturing, mining, pharmaceutical industry, agriculture and chemical industry. Shandong is one of the major industrial and agricultural provinces in China. Representatives of more than 80 Chinese companies attended a meeting held Monday within the […]
The Rissana offshore zone, located in the immediate vicinity of that of Lixus, off Larache, where large gas reserves were discovered last January, has been awarded to the British company Chariot. The Africa focused transitional energy company Chariot announced this Monday February 28 that it has been formally awarded the Rissana Offshore Licence for gas […]
Means to promote economic and trade relations between Morocco and Mauritania and the facilitation of investment were at the focus of a meeting held Wednesday in Casablanca between the President of the General Confederation of Moroccan Enterprises (CGEM), Chakib Alj, and the President of the National Union of Mauritanian Employers (UNPM), Zein El Abidine Ould […]
The Casablanca stock exchange has launched a campaign to encourage SMEs to issue initial public offerings to enable them to access equity funding in an economy dominated by bank financing. Head of the Casablanca stock exchange highlighted to the media the attractiveness of the bourse where he said there is a high demand from investors. […]
Morocco’s exports have outperformed the years preceding the pandemic as the kingdom positions itself as the economic engine of the African continent and of the world. Data from the Exchange Office revealed that revenues of exports from the North African country reached MAD327 billion ($34 billion) in 2021, accounting for an increase of 23.4 per […]
The US embassy launched Tuesday a financial support scheme worth $35 million in a favor of Small and Medium Size Enterprises (SMEs) that have difficult access to loans to grow their activities, Business News reports. The US aid agency, USAID, is partnering with the Arab Tunisian Bank (ATB) and US International Development Finance Corporation on […]
Morocco’s national carrier Royal Air Maroc announced Monday it will launch a direct air route between Casablanca and the Israeli city of Tel Aviv as of March 13. Royal Air Maroc said in a statement four flights will be operated weekly at the beginning, before being brought up to five flights per week. “This new […]
Canadian mining company, Stellar AfricaGold, announced on Monday the discovery of a third gold mineralized structure at the Tichka Est Gold Project in Morocco. “I am delighted to see that the potential of the Tichka Project is blossoming with the discovery of another new structure within the Tichka Est permits,” said Stellar Vice-President Maurice Giroux. […]
Tunisia will benefit from the African Development Bank’s (AfDB) Leveraging Energy Access Finance Framework (LEAF) program to promote investment in decentralized renewable energy backed by the Green Climate Fund. With a commitment of $164 million, the Abidjan-based bank will help scale up decentralized renewable energy (solar home systems, green mini-grids, and solar solutions for commercial […]
Morocco and Israel signed an economic cooperation deal aiming at facilitating investments in key industrial and innovative fields. The deal was signed in Rabat by visiting Israeli economy minister Orna Barbivai and Moroccan trade and industry minister Ryad Mezzour. Mezzour said the deal will open prospects for trade and for investments in key industries in […]