First Independent Mena Newspaper
Morocco’s phosphates and fertilizer producer OCP has over the last 6 years launched a program aiming at bringing customized fertilizers closer to the African market with fair prices and has rolled out training programs on best practices to improve output benefiting so far 1 million African farmers. The goal was to support the African farmer […]
The House of Representatives adopted, on Wednesday the bill legalizing the use of cannabis for medical purposes. The text on “the legal uses of cannabis, medical, cosmetic and industrial”, was adopted by the House of Representatives with 119 votes for and 48 against. The deputies of the Justice and Development Party (PJD), at the head […]
The special committee to elaborate a new development model presented its proposals in a detailed report to King Mohammed VI who stressed over the past few years the need to add fresh impetus to Morocco’s development efforts in order to meet the legitimate aspirations of the people to a prosperous state and efficient civil service. […]
Moroccan Holmarcom Group has bought a 51 pc stake in Kenya’s Monarch Insurance Company for an undisclosed sum. The transaction, which is subject to approval by Kenya’s competent authorities, will enable Holmarcom to become the majority shareholder along with Kamu Group and Maisha Bank. The Moroccan private group operates in finance, insurance, agribusiness, distribution, logistics […]
Head of the special committee on the new development model, Chakib Benmoussa, submitted the final findings of the committee in a detailed report to King Mohammed VI, the Royal office said Tuesday, adding that the new model shall serve as a National Pact for Development. The report was commissioned by the Monarch as part of […]
President of the European Bank for Reconstruction & Development (EBRD), Odile Renaud-Basso has voiced the Bank’s strong commitment to support Morocco’s economic recovery, regional integration, green economy, youth employment and gender equality. Mrs. Renaud-Basso made the remarks during her virtual talks Monday and Tuesday with Moroccan officials including ministers of economy Mohamed Benchaaboun and Foreign […]
Morocco and Mauritania are bound by excellent political relations and are set to foster their economic ties as they prepare for a high joint committee in that regards, said Moroccan and Mauritanian foreign ministers at the end of a meeting in Rabat this monday. Moroccan Foreign minister Bourita highlighted the positive development in bilateral […]
Since the COVID-19 epidemiological situation in Morocco is gradually improving as evidenced by a drop in the number of new cases, deaths, cases in intensive care, as well as a drop in the virus reproduction rate, the government has decided to cut the duration of the night curfew nationwide. The curfew that ran from 8 […]
Morocco’s tourism sector still reels under the impact of the pandemic with a drop in arrivals to 430,000 tourists in the first quarter of 2021, down 78% from last year, and plummeting revenue to 5.3 billion dirhams, Morocco’s tourism minister Nadia Fettah Alaoui said. The impact of the global health crisis on tourism in Morocco […]
The Japan International Cooperation Agency (JICA) will contribute to the financing of Morocco’s territorial development projects with a $165 Mln loan. The loan agreement was concluded recently between JICA and le Fonds d’Equipement Communal (FEC), which is trying to diversify its sources of financing on an international scale. This comes as Morocco is embarking on […]