First Independent Mena Newspaper
King Mohammed VI appointed Chakib Benmoussa head of the new ad-hoc committee for the development model, an advisory body that is tasked with making proposals and suggestions to improve the development reforms and increase their effectiveness. Chakib Benmoussa served as interior minister from 2006 to 2010 and head of the social economic and environmental […]
The 4th annual meeting of Africa free zones was held in Addis Ababa, Ethiopia, this Tuesday under the theme “Economic Zones – Accelerator for Industrialization in Africa”. The meeting, sponsored by Africa Free Zones Organization (AFZO), was held during the “Africa Industrialization Week”, organized by the African Union Nov. 18 to 22. Over 220 delegates […]
Morocco, the second largest arm buyer in Africa, wants its future weapon deals to be accompanied by a technology transfer clause as it seeks to develop a domestic military industry. Minister delegate in charge of Defense Abdellatif Loudiyi said that deals with arm manufacturers should provide for transferring maintenance know-how to the Royal Armed Forces. […]
American Airlines signed a codeshare agreement with Morocco’s Royal Air Maroc to complement its new route to Casablanca wherefrom it seeks further expansion into Africa. The agreement will enter into force upon approval by the US Department of Transportation. The two airlines already have an interline agreement in place. But the codeshare would allow the […]
Funding destined to infrastructure development in Africa hits $100 billion in 2018, the Infrastructure Consortium for Africa (ICA) has announced. The ICA’s Infrastructure Financing Trends in Africa 2018 report shows that financing of infrastructure in Africa reached a new high of $100.8 billion in 2018, a jump of about a quarter on 2017 and 38% […]
A merger between French automaker PSA, which already operates a plant in Kenitra, and Italian FCA could pave the way for the setting up of a FIAT factory in Morocco, said Industry and Trade Minister Moulay Hafid El Alamy. Speaking at a meeting in Italy, held by Morocco’s export promotion agency (AMDIE) and the Italian […]
Despite Morocco’s significant progress on the Doing Business index, much remains to be done for Morocco to move from 2.8% growth expected this year to 6 or 7% in order to reduce unemployment, World Bank Vice President for MENA region Ferid Belhaj said. Morocco improved its ranking to 53rd position in the doing business index […]
When Morocco retrieved the southern provinces from the yoke of Spanish colonialism, Laayoune was a smaller town lacking basic infrastructure and services like other cities in the Sahara. Now it has become a vibrant city topping the national average in terms of human development and well-being as the region enjoys the lowest poverty rates in […]
The Islamic Development Bank (IsDB) and the European Investment Bank pledged to commit $1b each in co-financing green projects, during the 2019 Sukuk Summit, hosted in Luxembourg. Together with the European Investment Bank (EIB), IsDB signed a Memorandum of Understanding (MOU) to strengthen cooperation and committed $1 billion each in co-financing green projects through to […]
Egyptian Minister of Investments and International Cooperation Sahar Nasr has announced a government plan to establish about 12 investment zones in the North African nation. According to the minister, the 12 investment zones will attract investments worth LE78 billion and create 500,000 direct and indirect jobs. The minister made the announcement at the signing of […]