First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) expects Morocco’s economic growth to reach this year 4.5 per cent after a 6.3 per cent contraction in 2020 due to the global health crisis which affected trade exchanges, air transportation, tourism… In its latest “Regional Economic Prospects” report, the European bank says “a solid recovery” is […]
The socio-economic development of Morocco’s southern provinces was highlighted by experts during a virtual side-event organized Tuesday by the support Group for the Kingdom’s territorial integrity in Geneva, which musters the permanent missions of 32 countries. Placed under the theme “Deserts: transforming challenges into opportunities for sustainable territorial development”, this conference, moderated by Morocco’s Permanent […]
Moroccan Trade Minister has asked Egyptian peer to abide by fair trade principles in line with the Agadir Free Trade deal after Egyptian authorities blocked on purpose a cargo of Dacia cars made in Morocco. Trade Minister Moulay Hafid Alamy told MPs he complained to his Egyptian peer about the unjustified delays and waved the […]
Canadian mining company Aya Gold & Silver is expanding the scope of its operations in Morocco where it has been granted seven new exploration permits located in a known copper-gold-silver-bearing area. Five permits located within the prolific Zgounder Regional area, increase Aya’s exploration land holdings from 112 km2 to 168 km2, while the two other […]
Morocco’s phosphates and fertilizers producer OCP obtained a loan of 100 million dollars from the International Financial Corporation (IFC) to develop its African value chain. The loan will help OCP Africa to expand its logistics networks and increase the availability of fertilizers, adapted to local soils and crops, in Côte d’Ivoire, Ethiopia, Ghana, Kenya, Nigeria, […]
Morocco is ready to support the private sector in order to develop national long-range passenger ships linking Moroccan ports to European peers, transport minister Abdelkader Amara said. Morocco already has a fleet that links Moroccan cities to southern Spanish ports but passenger traffic between the two countries has been cancelled this year due to Covid-19, […]
A Council of Ministers held Monday in Fez under the chairmanship of King Mohammed VI adopted the draft framework law on tax reform that was prepared in application of the royal guidelines and on the basis of the recommendations of the National Tax Conference held in May 2019. The text seeks to establish an efficient, […]
Morocco’s central Bank has teamed up with the International Finance Corporation (IFC) to improve SMEs access to finance through the development of Supply Chain Finance (SCF), which enables both buyers and suppliers to optimize their working capital, improve cash flow, and receive early payment on invoices. An agreement has been sealed lately between Bank Al-Maghrib […]
The European Investment Bank (EIB) has lent Morocco’s National Electricity and Drinking Water Company (ONEE) €37.5 million to rehabilitate and improve water supply and distribution infrastructures in the country. An agreement was signed Friday by the two sides. The EIB funding will help the North African Kingdom to cut greenhouse gas emissions by reducing water […]
A delegation including the ambassadors of Jordan, Saudi Arabia, Oman and Yemen to Morocco visited Dakhla on Thursday to explore the investment opportunities and economic assets in the region. This visit, organized by the Dakhla-Oued Eddahab Regional Council in cooperation with the Diplomatic Foundation, is part of initiatives aimed at informing representatives of foreign delegations […]