First Independent Mena Newspaper
The African Court of Mediation and Arbitration, CAMAR by its French acronym, has just opened in Marrakech, Morocco. It will intervene to settle disputes involving Africans at the continental level. The project to set up CAMAR was finalized at a constitutive congress held in Marrakech, on April 5. The Court, the first of its kind […]
Morocco and the Islamic Development Bank (IsDB) have sealed a new partnership program focusing on inclusive economic development, competitiveness, exports and jobs creation. The four-year action plan (2019-2022) was sealed this weekend in Marrakech on the sidelines of the 44th annual meeting of the IsDB. It was inked by President of IsDB Group Bandar Hajjar […]
King Mohammed VI has urged the Islamic Development Bank to help its member countries to diversify their economies and stimulate the private sector, a growth engine and a source for the creation of wealth. In a message to the 44th annual meeting of IDB Group, convening in Marrakech (April 5-6), the Moroccan Sovereign said most […]
The roadmap for the promotion of vocational training in Morocco has been presented to King Mohammed VI at a meeting he chaired Thursday in Rabat. The roadmap provides inter-alia for the setting up of “des cités de métiers”, platforms of professions and skills, in each of the twelve regions of the Kingdom. The Cities will […]
Gambia’s National Assembly has ratified the agreement that seeks to establish the African Continental Free Trade Area (AfCFTA). Twenty-two signatures were the minimum threshold required to approve the deal among the 55 member states of the African Union. With Gambia’s ratification, the continent’s free trade agreement has drawn enough signatures to go into operation. The […]
Morocco has created 405,496 jobs thanks to projects launched under the umbrella of the industrial acceleration plan, Minister Moulay Hafid El Alamy said. With such a figure, the plan launched in 2014 has met 81% of its goal to create 500,000 employment opportunities by 2020, said the industry minister. The plan also aims at bringing […]
Mitsui Kinzoku Act Tanger Maroc SARL, subsidiary of Mitsui Kinzoku Act has launched in Tangiers the construction of its latches production plant that enables the Japanese firm to position itself closer to its European market. The future plant located in Tangiers Free Zone Automotive City will cost the functional automobile parts manufacturer around €12.5 million. […]
Head of Morocco’s BMCE Bank, the third largest bank in the country, criticized the sale of Saham insurance business to South Africa’s Sanlam as detrimental to Morocco’s interest. Speaking at a press conference, head of BMCE Othmane Benjeloun deplored the sale worth $1.1 billion on grounds that South Africa supports the Polisario separatists. “We end […]
The International Monetary Fund has praised Morocco’s business environment, which continues to improve, particularly with the activation of the Competition Council and the implementation of a new financial inclusion strategy that will help promote competition and support the development of SMEs. Improved fiscal management and economic diversification have strengthened the resilience of Morocco’s economy, said […]
The European bank for reconstruction and development (EBRD) has awarded trophies to 16 Moroccan projects, which made energy savings of 82 GWh/year and reduced greenhouse gas emissions by 23,700 tons of CO2, equivalent to more than 1 million trees planted. The awarded energy efficiency and renewable energy projects were carried out under the Morocco Sustainable […]