First Independent Mena Newspaper
OCP Africa, a subsidiary of the Moroccan OCP Group, will supply Côte d’Ivoire with customized fertilizers to help this African country boost its rice production. A cooperation agreement was inked on Friday in Abidjan between the two sides. The deal sealed with OCP will enable the government of Côte d’Ivoire to speed up the implementation […]
Morocco maintains its industrial effort to meet its needs of anti-covid equipment with the recent breakthrough of an SME that managed to make a prototype of thermal cameras that can be produced en masse. After ventilators, masks, infrared thermometers, protective gear, testing kits, intensive care beds, Moroccan engineers from the Nextronics start up made a […]
Part of the Moroccan private sector’ s increasing investments in the Horn of Africa, the group SOMAGEC is contributing to the building of an oil terminal in Djibouti. The Moroccan public works and civil engineering company is providing its expertise to Djibouti, which launched on Thursday the construction works of the new oil jetty, […]
Morocco’s trade deficit in the first seven months this year eased by 18.2% as foreign demand on Moroccan industrial exports curbs imports, the foreign exchange office said. The office also cited a significant drop in energy imports triggered by lower prices in international markets. By July, Morocco’s energy imports slid 31, while equipment purchases dropped […]
The Millennium Challenge Corporation (MCC) will fund the development of three new industrial parks in Had Soualem, Bouznika and Sahel Lakhyayta, reports L’Economiste daily. The MCA-Morocco Agency has already launched tenders for the planning, development and management of these three parks, to extend over 140 hectares. The parks are aimed to attract investment and create […]
The European Bank for Reconstruction and Development (EBRD) has mobilized €300 million worth of loans for the benefit of three public enterprises in Morocco. The National Airports Office (ONDA), the National Company of Highways of Morocco (ADM), and the National Office for Electricity and Drinking Water (ONEE) are set to benefit from the loans destined […]
Tanger Med port has improved its international ranking becoming the 35th container port in the world, confirming thus its competitiveness as global logistic hub. The Northern Moroccan port climbed up to the 35th world position from its former 46th standing, according to latest “Lloyd’s Listing” and “Container Management”, which publish the top 120 ports in […]
The European Investment Bank has released a first tranche of €100 million out of a total emergency funding of €200 million destined to support Morocco’s efforts against the COVID-19 virus crisis. This is the first EIB financing in the EU’s Mediterranean neighborhood to help national authorities fight the pandemic, the bank said in a press […]
The European Investment Bank (EIB) will grant Al Amana Microfinance NGO a €3 million loan destined to support the development of Moroccan micro-enterprises and very small enterprises (VSEs), with a special focus on supporting women entrepreneurs. The agreement between the two sides seeks to facilitate access of micro-enterprises and VSEs to finance, the EIB explained […]
Morocco has successfully completed the perforation of the Al Massira dam, with the aim of improving the drinking water supply for the residents of Marrakech. The African Development Bank (AfDB), which contrinuted to the undertaking, and Morocco’s National Office for Electricity and Drinking Water (ONEE) described the feat as a breakthrough and the first of […]