First Independent Mena Newspaper
Tanger Med port has raised the bar setting an ambition to compete at the international level after coming first in the list of Africa’s container ports for two years in a row. Tanger Med 1 has reached a capacity of 3.5 containers last year and braces to hit 9 million container capacity this year after […]
The first China-Africa economic and trade expo kicks-off this Thursday in the central Chinese city of Changsha with the participation of over 1,400 guests and traders from 52 African countries. Launched under the framework of the Forum on China-Africa Cooperation, the expo will establish a new mechanism for economic and trade cooperation between China and […]
The Moroccan retirement pensions fund, Régime Collectif d’Allocation de Retraite, (RCAR) has acquired 16,229,447 shares of Maroc Telecom, which has floated 8 per cent of the company’s shares. The operation took place on June 17. RCAR with this acquisition has increased its share in the company to 5.81 per cent, the Moroccan Capital Market Authority […]
The Denmark-based global engineering company FLSmidth will participate in the construction of a new cement plant in the region of El Jadida under a subcontracting deal with the Moroccan company TEKCIM. Tekcim had won the tender to build the MAD 2.6 billion ($274 million) cement plant in Ouled Ghanem in the province of El Jadida, […]
Morocco’s flag carrier RAM launched Saturday the Casablanca-Boston air route, the fourth air link operated by the airline to the US. RAM said, only few weeks after launching Casablanca – Miami flight last April, that it will operate three trips to Boston weekly on Mondays, Thursdays and Saturdays. With the new destination, the number of […]
The world’s leading manufacturer of sensor and communication systems, TE Connectivity, opened its second factory at Tangier Automotive City this week. The new plant will support the company’s commercial and industrial transport solutions in Europe, Africa, and the Middle East (EMEA region). The Suisse-based company, which had a single distribution center in Morocco in 2012, […]
The official opening of French car manufacturer PSA plant in Kenitra bolsters Morocco’s place as an African industrial hub offering international investors sound infrastructure, macro-economic and political stability, qualified work force and competitive ports. Morocco unseated South Africa last year from the top of the podium of African car producers. The North African country produced […]
The World Bank announced Thursday the launch of a new program worth $500 million (4.77 billion dirhams) destined to support Moroccan authorities in the generalization of access to pre-school education, strengthening the skills and competencies of teachers and upgrading the governance of the education sector. The World Bank’s “Education Sector Support Program for Morocco” to […]
King Mohammed VI chaired on Thursday in the province of Kenitra the inauguration ceremony of the French PSA group’s ecosystem in Morocco, a project that required a €280 million investment and that confirms the thriving car industry in the North African Kingdom. On this occasion, the Sovereign inaugurated the PSA group’s new plant, expected produce […]
King Mohammed VI chaired, on Thursday in the integrated industrial platform “Atlantic Free Zone”, in the commune of Amer Saflia (province of Kenitra), the inauguration of the new French automaker PSA Peugeot plant worth €557 million. The group’s industrial project in Morocco is based on the creation of a complete automotive ecosystem. Construction work […]