Business Europe Headlines International Morocco

SABCA & Sabena Aerospace Offer Maintenance Services to African Military Planes in Morocco

Belgian SABCA has teamed up with Sabena Aerospace to set up in Morocco a major and independent regional player in Maintenance, Repair, Overhaul and upgrade (MRO&U) for African military aircraft. SABCA, through its subsidiary SABCA Maroc, partners with Sabena Aerospace to propose, from the North African Kingdom, services for military aircraft maintenance. The first identified […]

Business Europe Headlines International Morocco

Renault Reassures Moroccan Suppliers after Ghosn’s Arrest

Thierry Bollore who was appointed Renault’s interim leader after the arrest of the company’s chairman in Japan reassured Moroccan suppliers about the stability of the groups activity. Bollore stressed in a message to Renault suppliers across the globe including Morocco that Renault will maintain its industrial and commercial activities steady in this period. Carlos Ghosn, […]

Algeria Finance Headlines

Bouteflika’s Fifth Term Risks Worsening Algeria’s Political Crisis- Financial Times

The UK’s Financial Times drew bleak prospects for Algeria whose ailing President Abdelaziz Bouteflika prepares for a fifth term that risks prolonging Algeria’s economic and political crisis. Maintaining Bouteflika, who has been ruling Algeria since 1999, as President “ threatens to prolong the political paralysis in a country facing the monumental challenge of transforming its […]

Africa Business Headlines International Morocco

Africa: Rabat, Dakar Support 3S Initiative

Morocco and Senegal have expressed their strong determination to work hand in hand to ensure the success of the Triple S Initiative (Sustainability, Stability and Security) in Africa. The two countries’ shared willingness was voiced lately at a meeting held in Addis Ababa by Head of Moroccan Govt Sâad Eddine El Othmani and Senegalese Minister […]

Business Headlines Morocco

Economist Driss Guerraoui, New President of the Competition Council

King Mohammed VI has appointed this Saturday economist Driss Guerraoui President of the Competition Council, in replacement of Abdelali Benamour. Driss Guerraoui, an expert on social issues, has been holding, since February 2011, the position of Secretary General of Morocco’s Economic, Social and Environmental Council. During the appointment ceremony, King Mohammed VI “emphasized the importance […]

Business Europe Headlines International Morocco

Moroccan-French Trade Stands at 110 Billion Dirhams

Trade between Morocco and France grew by an annual average rate of 5.8% between 2010 and 2017, standing at 109.3 billion dirhams, Morocco’s finance ministry said in its statistics. Between 2016 and 2017, trade between the two countries expanded by 6% as Moroccan exported 56.8 billion dirhams to France and imported 51.9 billion dirhams. France […]

Business Europe Headlines International Morocco

King Mohammed VI, French President Macron, First Passengers of TGV

King Mohammed VI of Morocco and French President Emmanuel Macron were the first passengers to board Thursday the brand new Moroccan high-speed train at the revamped railway station in Tangier. The two heads of state have made a journey to Rabat aboard the TGV, baptized “Al Boraq”, inaugurating thus Africa’s first high-speed train, a landmark […]

Africa Finance Headlines International

AU to Sanction Members Defaulting on Payment of Financial Contributions

The African Union on Wednesday called for a sanction regime against member states that would fail to make their annual financial contributions. African Union Commission chair Moussa Faki Mahamat announced the new measure in a speech at the 20th Extraordinary Session of the Executive Council of the African Union, focused on the continental reform agenda, […]

Business Europe Headlines International Morocco

Emmanuel Macron in Morocco for Inauguration of High Speed Train

French President Emmanuel Macron is expected this Thursday in Morocco, where he will attend the inauguration by King Mohammed VI of the Tangier-Casablanca high-speed train, the first in Africa. The French President will be accompanied by the business leaders who participated in the implementation of the TGV project. King Mohammed VI and the French head […]

Business Europe Headlines International Morocco

Germany’s Kromberg & Schubert Boosts Morocco’s Car Industry Cluster

Germany’s Kromberg & Schubert, a leader in car wiring, has joined a panoply of auto-industry giants who choose to grab the investment opportunities offered by Morocco. Kromberg & Schubert has set up a factory in Kenitra’s free zone where Peugeot and other car component manufacturers have set up production plants. “Kromberg & Schubert plant will […]