First Independent Mena Newspaper
Morocco-made facemasks have been cleared by French army for conforming to top safety standards and the north African country allowed their exports after satisfying domestic needs. A textile company based in Morocco has won a contract to supply the French army, local newspaper Assabah reported. Morocco has reached a production capacity of over 10 million […]
Morocco has amassed a reserve of 50 million masks to make sure there are enough to meet the domestic market’s demand after easing the coronavirus lockdown, Industry and Trade Minister Moulay Hafid Elalamy said. Speaking to MPs Monday, Elalamy shed light on the progress of Moroccan industry in making anti-coronavirus clothing and equipment as well […]
Morocco’s Central Bank, known as Bank Al Maghrib, asked banks not to pay 2019 dividends to shareholders in order to boost their capacity to dealing with the coronavirus repercussions. This recommendation comes after a series of measures including boosting three-fold bank’s refinancing capacity and measures to make loans more accessible for households and companies, the […]
Morocco’s leading phosphate company OCP and the Kenya National Trading Corporation (KNTC) have struck a partnership to improve farmers’ access to fertilizers at affordable prices. The partnership between the KNTC and OCP’s office in Kenya will ensure that farmers can get fertilizers at the right time, reported the Kenyan Daily Nation paper. KNTC managing director […]
“Morocco united against Covid-19” is the theme of a new commemorative postage stamp that has just been issued by Barid Al-Maghrib, the Moroccan postal service, to pay tribute to the mobilization and commitment of all institutions and all the components of the Moroccan society to face the coronavirus pandemic. The stamp illustrates the representatives of […]
The African Development Bank approved an additional funding of €12.33 million in favor of the ECOWAS Commission to cover part of the costs related to the study of the Abidjan – Lagos motorway corridor development project. This corridor links the capitals of five West African states – Côte d’Ivoire, Ghana, Togo, Benin and Nigeria – […]
The Moroccan government maintained the halt on the import duty on soft wheat until yearend to prevent prices from soaring in the domestic market amid attempt by exporters to limit sales. Russia, the world’s top soft wheat exporter, limited sales through June to protect its own supply as the coronavirus crisis sparks food-security concerns around […]
The renowned Congolese singer Maitre Gims and his wife DemDem, who are settled in Marrakech, have launched a solidarity campaign to support needy African migrants in the city during this time of health crisis. Launched at the initiative of DemDem on May 1, the couple hopes to collect funds to supply 20,000 migrants with enough […]
Casablanca Finance City (CFC) and Rwanda Finance Limited (RFL) have agreed to promote investment and cooperation between Morocco and Rwanda in financial services. The agreement, signed on Wednesday via videoconference, seeks to promoting best practices, through which CFC will support the development of the International Financial Center of Kigali (KIFC). Saïd Ibrahimi, CEO of CFC, […]
The Moroccan state-owned OCP group has maintained its leading position as the world first exporter of phosphates although its market share decreased from 38 pc to 34 pc between January & September 2019, but in phosphoric acid, the Group remains the biggest worldwide exporter, with a 49 pc global market share. In 2019, OCP exported […]