First Independent Mena Newspaper
The restrictive measures to contain the Covid-19 pandemic have dealt a blow to the inflow of hard currency from the tourism business in Morocco that has been offset so far by a surge in remittances from Moroccans abroad. In the first ten months this year Morocco’s foreign exchange regulator has reported a record 80 billion […]
The UN World Tourism Organization picked Marrakech as a home to its regional Africa office, Moroccan media reported citing official sources. The decision was taken during the 24th session of the UNWTO General Assembly amid fierce competition from other African cities. During the 24th UNWTO General Assembly, Morocco has also been elected a member of […]
Antifragility is a concept coined by Nicholas Taleb in his book, Antifragile, according to which stressful conditions, shocks, volatility, faults or attacks are all factors that may end up building up an antifragility system strengthening capabilities and preparedness as well as cutting dependence. The concept applies to greater extents to Morocco’s relations with Algeria which […]
The European Bank for Reconstruction (EBRD) has launched capital markets e-learning program to support the development of Morocco’s financial system. The program was launched in cooperation with Intuition, a digital financial learning provider, the Moroccan Ministry of Economy & Finance, the Moroccan Capital Market Authority (AMMC) and the Casablanca Stock Exchange (CSE). Morocco already has […]
Morocco’s National Office of Electricity and Drinking Water (ONEE) has teamed up with Atos and Siemens on smart management of power grid (smart grid), which uses IT to monitor power generation and demand in near real-time, providing more reliable and cost-effective system. This project is part of the country’s digital transformation agenda. It will enable […]
Egypt Monday announced plans to raise exports to 10 African countries to $7 billion next year as part of a long term strategy aiming at $10 billion in value for export to Africa by 2025. The $7 billion target is the first phase of three-phase strategy designed by the Arab country. For this phase the […]
Coca-Cola Hellenic Bottling Company (HBC) is set to invest $1 billion in the Egyptian market over the coming five years, following its acquisition of Coca-Cola Bottling Company of Egypt (CCBCE) according to a statement by office of the Egyptian Prime Minister. Egypt became the 29th country around the world that HBC will be operating in, […]
A Delegation of Moroccan businessmen will travel to Israel Dec.12-15 to explore joint partnership opportunities and enhance economic cooperation between Morocco and Israel after the normalization of their relations last year. The visit will be made on the occasion of the opening of new air route between Casablanca and Tel Aviv as the two countries […]
The Board of Directors of the African Development Bank (AfDB) on Wednesday in Abidjan approved a €120 million loan to Morocco to implement the country’s Financial Inclusion, Entrepreneurship, and the support program to very small & medium enterprises (SMEs). The Bank’s support will enable companies in difficulty to recover their activity and safeguard jobs […]
The African Development Bank (AfDB) will contribute €114.03 million (1.184 billion dirhams) in support of the Moroccan Program for Inclusive and Sustainable Development of Agricultural and Rural Areas (PADIDZAR). The program, which is part of the new agricultural strategy called “2020-2030 Green Generation”, aims to support small and medium hydropower on about sixty perimeters with […]