First Independent Mena Newspaper
Morocco’s 2020 draft budget provides for a series of measures to improve the purchasing power of the poor, increases funding for social services and augments spending to back the reforms of the health and education sectors. The document, shared widely on Moroccan media ahead of its submission to Parliament’s deliberations, allocates 26 billion dirhams for […]
Morocco’s Banque Centrale Populaire, BCP, finalized Thursday the acquisition of 71 per cent stakes in Banque de Madagascar et de l’Océan Indien (BMOI), an Antananarivo-based bank owned by French group BPCE (Banque Populaire et Caisse d’épargne). The deal signed at BMOI will enable the BCP to deepen its foothold in the Indian Ocean area and […]
Senegal’s national carrier will launch from December 3 its Dakar – Casablanca route with the aim to boost Senegal-Mauritania-Morocco economic axis, Air Sénégal said in a statement. The flight will be operated by an A319 from Blaise Diagne Diass airport. Air traffic between Senegal and Morocco is currently only provided by Royal Air Maroc, the […]
Morocco and South Africa turned the page on 15 years of lower diplomatic representation with the accreditation of Youssef Amrani as Morocco’s ambassador to Pretoria, a move that puts bilateral relations on track of fruitful economic cooperation, a South African paper said. The move came after Rabat and Pretoria decided to upgrade their bilateral ties […]
Morocco has developed one of the most advanced telecommunications markets in Africa, supported by the government’s Maroc Digital 2020 strategy to encourage the development of a digital economy and on the National Broadband Plan which aims to provide fixed or mobile broadband access to the entire population by 2022. This came in the latest report […]
From January 2020, citizens travelling within the Economic Community of West African States (ECOWAS) will pay no roaming charges following the implementation of the ECOWAS Roaming Initiative. The initiative is aimed at creating an enabling environment for the international mobile roaming market to ensure affordable access to roaming services for voice, SMS and data. According […]
Economic growth in the region of North Africa and the Middle East is expected to drop to 0.6 pc in 2019 against a 1.2 pc growth posted last year, says the World Bank in its latest report. The growth forecast for 2019 has been revised downwards due to intensified global economic headwinds and rising geopolitical […]
India is interested in strengthening its bilateral cooperation with Morocco notably in fields pertaining to economy and industry, India’s foreign minister Subrahmanyam Jaishankar said. The two countries, already bound by strong ties, have yet to unlock the full potential of their relations by increasing mutual investments and by examining prospects for a free trade agreement, […]
The 12th forum of World Policy Conference taking place in Marrakech has sounded the alarm over global uncertainty entertained by several political and economic crises including the US- China trade war that it warned will slow the development of several African country. Thierry de Montbrial, Chairman and founder of the World Policy Conference (WPC) speaking […]
Head of the Moroccan enterprises federation (CGEM) Salaheddine Mezouar submitted his resignation after being criticized by a foreign ministry statement over remarks concerning the unrest in Algeria. Mezouar, who announced his resignation in an e-mail to the CGEM members citing “major personal constraints”, had told an international conference in Marrakech that the military regime in […]