First Independent Mena Newspaper
Maroc Telecom continues its regional expansion plan with the acquisition of Millicom’s subsidiary Tigo Chad, the leading telecoms operator in the Sub-Saharan country. The transaction will only be complete after receiving the green light of regulatory bodies in Chad. The Morocco-based group has subsidiaries in Benin, Burkina Faso, Côte d’Ivoire, Gabon, Mali, Mauritania, Niger, Togo […]
Morocco’s Bank Al Maghrib (BAM) and Dubai Financial Services Authority (DFSA) have agreed on Wednesday in Rabat to strengthen cooperation in financial services and in enhancing investors’ confidence. Inked by Abdellatif Jouhari, Governor of Bank Al Maghrib, and Chief Executive of the DFSA, Bryan Stirewalt, the agreement provides for coordination and cooperation between the two […]
OCP has signed a €80 million deal with Finland’s Outotec to build a sulphuric acid plant, an investment that comes only few days after the Moroccan phosphates exporter signed a €255 million agreement with Spain’s Intecsa to build two similar plants. The new plants will help OCP maintain leadership in the phosphates-based fertilizers market especially […]
French President Emmanuel Macron who is touring East Africa, with stops in Djibouti, Ethiopia and Kenya, has pledged to invest $2.8 billion in Africa by financing and supporting startups and small- to – medium-sized enterprises by 2022. Macron, who started his trip to East Africa Monday, said the French government would support about 10,000 enterprises […]
Morocco has ranked among the 25 largest arms importers in the world, according to the latest report of the Stockholm International Peace Research Institute (SIPRI), published Monday. The kingdom comes in the 24th place in the ranking for the period 2014-2018, climbing six spots compared to the previous period (2013-2017), where it came in the […]
Morocco sidestepped being listed in the EU’s tax haven black list but is included in the grey list, which comprises countries that are given time to reform. Ten other countries, including the UAE, are on the black list, which was approved by EU finance ministers. The black list included so far only five jurisdictions and […]
The United Arab Emirates’ Khalifa Fund for Enterprise Development will support Togolese micro, small and medium-sized enterprises and industries with $15 million as part of the UAE’s efforts to support development programs in a number of friendly countries and also in a bid to enhance relations between the UAE and Togo. The $15 million agreement […]
The European Investment Bank (EIB) and the Moroccan Motorway Company, la Société Nationale des Autoroutes du Maroc (ADM), signed Monday in Rabat an €80 million financing agreement meant to upgrade highway infrastructure in an around Casablanca. The amount will finance the tripling of the Casablanca-Berrechid highway lanes on 25.8 km and the construction of a […]
Morocco’s phosphates and fertilizer producer OCP and Spain’s ACS industrial group signed an agreement to build two phosphorus factories for a total cost of 2.7 billion dirhams. The factories will be built in the OCP’s industrial hub of Jorf Lasfar with a production capacity of 5000 tons per day. The two factories will be the […]
Qatar airways will launch a direct flight linking Doha to Rabat this year as part of an expansion plan in the Mediterranean region, the airlines director general Akbaar Al Baker said. The air route will be operational on May 29 with three flights per week on board a Boeing 787-8, he said. The Qatari airline […]