First Independent Mena Newspaper
Moroccan insurance company Wafa Assurance said it completed the acquisition of 65% of Cameroon’s Pro Assur, a company created in 2000. The transaction, taking the form of share acquisition and capital increase, was approved by Cameroon’s and Morocco’s regulatory authorities, Wafa Assurance said in a statement. The deal is meant to help Pro Assur develop […]
Morocco’s Royal Air Maroc (RAM) could breath a sigh of relief after Boeing announced that its 737 MAX aircrafts could resume flying again by January. Morocco has grounded two MAX aircrafts and is yet to receive two more but the delivery has been suspended after a fatal crash of Boeing Max in Ethiopia. The Moroccan […]
A strong Moroccan delegation is taking part in the second edition of the Africa Investment Forum, or the African Davos as it is called, to present to African and international investors the assets of Morocco, and also to expound the key role it plays in the promotion of the continent’s development. On the opening day […]
Morocco hosted the first Libyan economic forum where the UN-backed Government of National Accord seeks a bigger role of the private sector and closer cooperation with Moroccan enterprises. Some 400 participants mostly from Libya gathered in Rabat for the event as Libya struggles to rebuild the country after a devastating civil war. Organizers from the […]
Thanks to its proximity to Europe, business friendly climate and sound infrastructure, Morocco offers an alternative to Japanese automotive manufacturers in a context marked with Post-Brexit uncertainties, the Asian Review wrote. One of these companies, Sumitomo Corp aims at making of Tangier its entry into African industrial parks at stone’s throw from Europe The Tanger […]
China’s Export Import Bank and the Casablanca-based Attijariwafa Bank will join efforts in a $5 billion bank dedicated to boosting African exports to China and promoting industrial activity in the countries where the Moroccan bank operates. The deal attests to the credibility and large network of Moroccan banks in Africa, as well as Morocco’s efforts […]
Morocco’s economic growth is expected to reach 2.8 percent in 2019 against 3 pc posted last year due to a slight decline in agricultural output and a moderate recovery in non-agricultural activity, said on Thursday Nicolas Blancher, Chief of the International Monetary Fund (IMF) team that visited Morocco from Oct.29 to Nov.7. Morocco’s economic fundamentals […]
The World Bank’s Board of Executive Directors has approved a $300 million loan (€271.8 million) to support the strengthening of Morocco’s municipalities, an objective that is part of the Kingdom’s broader efforts to upgrade urban services and turn urban conglomerations into engines of growth and job creation. The Municipal Performance Project aims to build capacity […]
Morocco’s Tanger Med port has recorded the world’s biggest increase in the connectivity index since it started operations in 2007, according to the United Nations Conference on Trade and Development (UNCTAD). In a recently released study, UNCTAD says that the extension of Tanger Med port, which required an investment of €3.5 billion, has tripled the […]
A three-day international Conference opened in Tunis on Nov 7. Entitled “Quest for Economic and Monetary Sovereignty in 21st Century Africa: Lessons and Prospects”. This conference gathers economists, financials, businessmen, experts and leaders of opinion from African countries and from all over the world. Foreign currencies and monetary independence are the main issues on the […]