First Independent Mena Newspaper
Morocco is featured among the top stars of hotel development in Africa along with Egypt, Nigeria, and Ethiopia, according to the 11th annual survey by W Hospitality Group. The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, with Egypt showing 15,158 rooms in 51 new hotels. According […]
A kenyan court dropped charges against Morocco’s phosphates giant OCP over alleged mercure presence in its fertilizers. The court also withdrew criminal charges against OCP officials and ordered the release of the fertilizers cargo that was held at Ballore Warehouse. Some Kenyan news portals said the termination came after parties entered a plea bargaining agreement. […]
The European Bank for Reconstruction & Development (EBRD) announced on Thursday the approval of a €2 million loan to Société Maghrebine de Monétique S.A. (S2M), a Moroccan firm that develops e-payments systems. The loan will enable S2M to enhance its competitiveness and increase employment opportunities for young people with on-the-job-training programs Under the Bank’s Blue […]
Morocco is to launch in the course of this year an international borrowing of €1 billion, to be followed by another one of the same amount in 2020. This loan is provided for in the 2019 Finance Law. A roadshow will be conducted in the coming weeks to mobilize investors for both operations, reported Media24 […]
Morocco’s food industry is a key component of the industrial fabric employing 156,000 people and generating a turnover of 115 billion dirhams, industry, investment and digital economy minister Moulay Hafid Elalamy said. Speaking at the question time at the Lower House of Parliament, Elalamy said that the sector has 1900 production plants, and that the […]
French automaker PSA Peugeot is undertaking the final touches before starting production in its Kenitra factory, worth €557 million. Head of the Central Bank had said that the factory will open by mid-2019. Peugeot’s CEO Carlos Tavares will attend the opening of the state-of-the-art factory, which will mark the return for the company’s production in […]
Tunisia’s tourism minister has been named the best tourism minister of the Mediterranean region on the back of the vibrant revival of the North African country’s tourism sector after the industry was nearly knocked down by series of terrorism attacks in 2015. René Trabelsi received the honor from Rossanna Roda, the President of Asigitalia, the […]
The Vita couture-Diprints group has opened last week in the Tanger free zone two industrial units specializing in digital fabric printing and ready-to-wear clothing, for an investment of MAD 220 million. The “Diprints” factory, specializing in digital printing on fabric, is the result of a joint venture with the Spanish textile group Santandarina. The factory […]
Bombardier plans to sell off its plant in Casablanca, which will go to an airplane manufacturer that will keep jobs as well as production, Minister for industry and investment Moulay Hafid Elalamy said. The new owner will be a sub-contractor that will continue to supply bombardier with jet parts, he said, citing Airbus, British JKN […]
The Western Union Company, a leader in cross-border, cross-currency money movement, has appointed Moroccan Mohamed Touhami el Ouazzani as Regional Vice President and Head of North, Central and West Africa, to lead from Casablanca, Western Union’s business in the region with focus on expanding digital money transfer, reinforce the retail agent network and drive outstanding […]