First Independent Mena Newspaper
Morocco has renewed its call on South Africa to cooperate together in order to serve the continent’s best interests. The two countries have the most diversified economies in the continent and an advanced infrastructure that enable them to extend their clout beyond their borders. They are also the two largest African investors in the continent. […]
The Head of Government-designate Aziz Akhannouch announced on Monday that he had started “an immediate process of withdrawing from all management within the family holding’ AKWA group. Akhannounch, whose liberal party, the National Rally of Independents, ranked first in the parliamentary elections with 102 seats, was appointed by the King as Head of Government and […]
Libya lost one trillion dollars due to the instability that engulfed the oil rich country from 2011 to 2020, Libyan Minister of Economy Mohamed Hwej has revealed. Libya descended into chaos in 2011 following a NATO-backed revolution that ousted and murdered leader Muammar Gaddafi. Subsequent efforts to unify the country had failed due to rivalry […]
Governor of Morocco’s Central Bank Abdellatif Jouahri maintained his ranking among the 10 best performing peers in the globe, Global Finance said in its Central Banker Report Cards 2021. The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories including the European […]
While Algerian rulers continue funning conspiracy theories, escalating rhetoric and provocative actions against neighboring Morocco, the North African Kingdom remains focused on drawing foreign investors and creating business opportunities to speed up sustainable development and inclusive growth. Morocco has succeeded in building competitive automotive and aeronautic industries thanks to its open enterprising economy, political stability, […]
Two Moroccan architects working at a shipyard at Agadir harbor, Southwestern of the kingdom, have built a steel trawler fitted with state-of-art technology, Le360.ma reports. The vessel is fitted with innovative state-of-the-art propulsion system, electrical engine and auxiliary power generators running on diesel. The innovative system used by the architects working for Blue Wave; a […]
Stellantis group has announced that its supermini electric car Opel Rocks-e will be produced in PSA plant in Kenitra where Citroen Ami is also manufactured. Stellantis was created in January 2021 after a merger between Fiat Chrysler and PSA. The group is now the world’s fourth-largest car manufacturer with eyes set on promoting the shift […]
Hexcel Corporation, a leading advanced composites company, has decided to double the size of its facility in Casablanca, Morocco, to meet increasing demand due to a growing success of its operations in the North African Kingdom. The Casablanca facility started production in 2018. It transforms lightweight honeycomb materials into engineered core parts to reinforce structures […]
Morocco’s BMCE Bank International Plc UK has sealed a $150 million partnership with the International Finance Corporation to bolster cross-border trade in Africa and prevent shortages of essential goods, including grains and building materials amid the Covid-19 crisis. Under the agreement announced Wednesday, IFC will enter into a risk-sharing facility with BMCE Bank International, a […]
Morocco’s exports have climbed sharply during the past five years, reaching their highest levels on record, confirming the resilience of the country’s economy and its recovery after covid-19 crisis. During the first seven months of 2021, exports of Morocco jumped by 23.2% to over $19 billion compared to the figures recorded the same period of […]