First Independent Mena Newspaper
Morocco has renewed on Sunday its policy of non-interference in Algeria’s internal affairs and its decision to abstain from making any comment on the internal developments taking place in this neighboring country. This came in a statement by the Moroccan Foreign Ministry in response to remarks made by Salaheddine Mezouar, president of the General Confederation […]
Morocco’s BCP bank said on Friday it completed the acquisition of BCI bank in Congo Republic from France’s BPCE after having met all regulatory requirements. Speaking on the sidelines of a ceremony to seal the agreement, BCP CEO Kamal Mokdad said “the acquisition of BCI will help BCP group strengthen its presence in the Economic […]
Morocco’s economic growth is expected to pick up gradually and average 3.3 over 2020–2021, mainly driven by more dynamic secondary and tertiary activities, bolstered by high foreign investments, according to the World Bank forecast. Significant FDIs continue to flow into Moroccan automotive industries, especially in the new Peugeot plant – that will eventually double the […]
King Mohammed VI on Friday urged the Moroccan banking and financial sector to be more involved in the country’s development process, mainly through simplifying and facilitating access to loans, being more open to self-employment projects and financing the creation of small and medium sized enterprises. “Implementing projects and decisions, and ensuring follow-up to them, involves […]
Morocco said its economy will grow by 2.9% in 2019 after 3% in 2018 as the economy continues to be affected by agricultural output, according to finance minister Mohamed Benchaaboun. Rainfall was about 23% less this year compared with 2018, so cereals yield was down 50% compared to a year earlier further deepening the trade […]
As Algerians of all walks of life continue to protest against the military Generals and old guards for keeping a tight grip on the country since independence, all economic sectors of the country are plummeting, heading for a crash. This is the conclusion of the World Bank, which says that deepening political crisis affects business […]
King Mohammed VI chaired, on Wednesday in Rabat, a Council of Ministers during which the economy & finance minister made a presentation on the draft appropriation bill 2020, which seeks to enhance the country’s educational and training system, reduce social disparities and create job opportunities. Elaborated on the basis of royal directives, the draft bill […]
Moroccan public financial institution, Caisse Centrale de Garantie (CCG) has received the 2019 award of Best SME Bank in Africa at the 5th SME Finance Forum held in Amsterdam Oct. 7-9. The award of the International Finance Corporation (IFC) recognizes the most active financial institutions in terms of SMEs financial inclusion, particularly in Africa and […]
Leading Japanese car parts maker, JTEKT, has inaugurated this Wednesday Oct.9 in the Tangier Automative City Zone its new steering systems production factory, worth $22.7 million. Executive Director of JTEKT Corporation, Hirofumi Matsuoka, said at the inauguration ceremony that this new plant in Tangier is JTEKT’s first industrial site on the African continent. […]
More than 900 stakeholders in the global phosphate ecosystem from 40 countries are gathered in Benguerir, 70km north of Marrakech, to discuss how to use disruptive technologies to change the phosphate industry. In other words, what artificial intelligence, advanced virtual reality, the Internet of Things, drones, etc. can concretely bring in terms of innovations […]