First Independent Mena Newspaper
Shipments of wearable devices in the Middle East, Turkey, and Africa (META) region reached 1.13 million units in the third quarter of 2018, according to the latest insights from International Data Corporation (IDC). The global technology research and consulting firm’s Worldwide Quarterly Wearable Device Tracker shows that shipments were up 77.6% on the corresponding period […]
The French Development Agency (AFD) will extend the Moroccan Electricity and Drinking Water facility (ONEE) a €50 million loan to help it implement a program on the improvement of the performance and resilience of drinking water services in Morocco’s Northern provinces. Under the loan agreement, signed last week in Rabat, the ONEE will enlarge access […]
The Moroccan National Committee for the Business Environment (CNEA) has partnered with the International Finance Corporation (IFC) to improve the business climate in the North African country. Under the agreement signed Thursday by the two parties, IFC pledges to support CNEA in identifying the main barriers to the development of Morocco’s private sector. IFC, member […]
Morocco is building a brand-new terminal in the Rabat-Salé airport to keep up with a growing number of passengers and air traffic as the North African country has become one of the world’s popular tourism destination and an attractive hub for investors. King Mohammed VI, who spearheads the country’s modernization, launched on Wednesday the construction […]
The European Bank for Reconstruction & Development has unveiled its strategy for Tunisia for the period 2018 to 2023. Through this strategy, the Bank pledges to support competitiveness of Tunisian companies by opening markets and strengthening governance. The EBRD country strategy also seeks to promote economic inclusion for women, young people and populations living in […]
Only three months after the launch of the Africa–Europe Alliance, the European Commission presented the first progress made in boosting investment and creating jobs in Africa at the High-Level Forum Africa-Europe held in Vienna, Tuesday. The Forum was hosted jointly by Austrian Chancellor Sebastian Kurz, as EU President, and Paul Kagame, President of Rwanda and […]
The International Monetary Fund (IMF) has approved $2.9 billion for Morocco Under the Precautionary and Liquidity Line (PLL) that will provide insurance against external risks, support Moroccan efforts to reduce fiscal, external vulnerabilities and promote more inclusive growth. Despite a sharp pick up in global oil prices, Moroccan authorities have reduced fiscal and external vulnerabilities […]
The African Development Bank (AfDB) has announced a $96.6 million loan to Morocco to enable the country to implement a program on improving access to employment through vocational training. “Morocco is one of the first African countries to use this innovative financing instrument that makes the disbursement cycle conditional on achieving results, while reducing transaction […]
The initiative for the Adaptation of African agriculture, presented by Morocco during the COP22 in Marrakech in 2016 was at the focus of a meeting in Abidjan between Moroccan Minister of Agriculture Aziz Akhannouch and President of the African Development Bank Akinuwumi Adesina. The AfDB President expressed at the meeting the African institution’s support to […]
Boeing has delivered earlier this week the first 787-9 Dreamliner for Royal Air Maroc, introducing a second member of the super-efficient Dreamliner family to the airline’s fleet. The new airplane offers more seats and more range, which will help Morocco’s flag carrier grow its international service to Europe, the United States and Latin America, RAM […]