First Independent Mena Newspaper
Tunisia’s cheese maker, Land’Or, announced that it will set up a production plant in Morocco’s Kenitra for a total cost of 10.7 million dollars. An investment agreement was signed in this regards between Land’Or chairman Hatem Denguizli and Moroccan industry minister Hafid Elalamy. The plant will directly employ 102 people and help Land’Or commercialize production […]
Morocco aspires to double its agricultural GDP between 2020 and 2030 to 250 billion dirhams thanks to a new strategy dubbed Green Generation. It also aims at boosting Morocco’s exports to 60 billion dirhams by 2030, head of the Moroccan agency for agricultural development (ADA) said. This new strategy, spurred by King Mohammed VI, also […]
Nigerian economy has recovered—slowly after it suffered a recession in 2016. New data from Bloomberg shows that Nigeria is now Africa’s largest economy, pushing South Africa into second place. According to Bloomberg, Nigeria’s economic growth beat forecasts in the fourth quarter, helping its economy to expand the most in four years in 2019 as […]
Access to health services in Fez, particularly in Zouagha district, will be improved with the setting up of a new community medical center. Actually, King Mohammed VI on Wednesday launched the construction works of this community medical Center – Mohammed V Foundation for Solidarity in Zouagha and gave his instructions for the construction of two […]
The US State Department cleared the sale to Morocco of 25 of BAE Systems’ M88 recovery vehicles for a total cost of $239.4 million. Under the same deal, Morocco will receive 50 caliber machine guns, M239 or M250 smoke grenade launchers, 1,800 M76 or L8A1/A3 smoke grenade rounds, 25 SINCGARS radios, AN/PSN-13A GPS receivers (DAGR), […]
African Airlines have lost $400m since the outbreak of the coronavirus in China in February, according to the global airline industry body. In recent months, airlines like South African Airways, Royal Air Maroc, Air Tanzania, Air Mauritius, EgyptAir, RwandAir and Kenya Airways have suspended flights to and from China. The continent’s largest airline, […]
Morocco’s agricultural exports to the EU grew 4% in 2019 to 1.4 million tons, the European Union’s statistics agency Eurostat reported. The EU bought 859,095 tons of Moroccan vegetables and 533,065 tons of fruits, Eurostat said, noting that watermelons and oranges dominated Morocco’s fruit exports. Spain topped the list of destinations for Moroccan fruits and […]
Bank Al Maghrib, Morocco’s central Bank, and the International Finance Corporation (IFC) have agreed to bolster their cooperation to enhance women’s access to financing. Under the agreement inked on Monday in Rabat, Bank Al Maghrib will benefit from IFC’s expertise and its global networks to expand women’s access to funding and support women’s entrepreneurship. The […]
King Mohammed VI launched this Monday in Fez, a four-year program meant to enhance economic activities, safeguard and perpetuate traditional trades and crafts and improve the living environment in the Medina of Fez. The 2020-2024 program, targeting the quality of life of the medina dwellers, requires an investment of $70.2 million (670 million dirhams). […]
Talks have started between Morocco and Russia for a new fisheries deal to replace the current agreement that expires this March. The talks will raise the terms for fishing in Morocco’s territorial water and fisheries quota as well as the financial compensations. The two countries signed their first fisheries deal in 1992 with a quota […]