First Independent Mena Newspaper
BMCE Bank of Africa, the third largest bank in Morocco, said it will be called Bank of Africa as of next September, an appellation that underscores the African ambition of the group. The new name was unveiled by BMCE CEO Othman Benjelloun who said that the Bank aspires to develop its business including in the […]
Negotiations are currently underway between the Moroccan phosphates group OCP and Kenya for the setting up of a fertilizer plant in Kisumu, the third largest city in Kenya after Nairobi and Mombasa. In this connection, the head of the Orange Democracy Movement (ODM), the main opposition party in Kenya, Raila Odinga, is currently visiting Morocco […]
The board of directors of the African Development Bank (AfDB) group approved a €268 million financing to phase II of the Industrialization Acceleration Support Program in Morocco (PAAIM II), the financial institution announced on Wednesday. The objective of this program is to promote Morocco’s industrial acceleration through the deployment of industrial ecosystems, the improvement of […]
UNIDO Director General, LI Yong, has lauded the progress and the efforts made by Morocco to promote inclusive and sustainable industrial development. Speaking during signing ceremony of partnership program held lately in Rabat with Moulay Hafid Elalamy, Morocco’s minister of industry, investment, trade & digital economy, Mr. Li praised the North African country for its […]
Online marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa. These digital platforms, which match buyers and providers of goods and services, could also raise incomes and boost inclusive economic growth with minimal disruption to existing businesses and workforce norms. These are among the findings […]
The European Bank for reconstruction and development (EBRD) has agreed to provide a €24 million loan to Tunisie Leasing and Factoring, the country’s largest leasing company. The loan will allow the Tunisian company to continue growing its network across the country and reaching SMEs in regions less well-covered by competitors. Supporting access to finance for […]
African ministers of finance, planning and economic development underscored in Marrakech the need for diversifying public revenue with a view to promoting public investments in the social and economic areas. This came in the closing statement of the 52nd Session of the Economic Commission for Africa’s (ECA) Conference of African Ministers of Finance, Planning and […]
Morocco believes in the potential for increased trade on the African continent and co-development in various sectors, said Monday evening in Marrakech, Moroccan Minister of Economy and Finance, Mohamed Benchaaboun. “We have already conducted major operations with several African countries in the areas of services, including financial services (banking and insurance), as well as telecommunications […]
Finding a lasting and mutually acceptable solution to the Sahara would benefit the whole region of the Maghreb, the UN Personal Envoy for the Sahara Horst Köhler said in a statement at the end of the second round of negotiations held at Le Château Le Rosey in Bursins, near Geneva, March 21-22 with the participation […]
Morocco-India Joint Committee has convened its 6th meeting in New Delhi to look into ways of boosting cooperation between the two countries in industry, agriculture, tourism, fisheries, railways, rural development, health, the pharmaceutical industry, telemedicine, energy, mining, sustainable development, higher education and scientific research. The meeting was chaired by minister of Industry, Investment, Trade and […]