First Independent Mena Newspaper
The European Investment Bank offered a €200 million loan to Morocco’s Credit Agricole to support funding for agricultural f projects. The loan aims to promote bio-agriculture and support the agriculture ministry’s “Green Generation 2020,” the two banks said in a statement. The new financing will benefit agriculture supply chains including production, storage, logistics, packaging, transformation […]
It is hard to exactly calculate the impact of corruption on the Moroccan economy which Finance Minister Mohamed Benchaaboun said it rips the country of 2 to 7% of GDP annually. Briefing MPs on a law on the national body for integrity and the fight against corruption, the Minister said that a law will be […]
At a time when Morocco continues to rely on its health system to cope with the coronavirus pandemic, two OECD tax experts have proposed tax reforms to ensure sustainable financing for the health sector. In countries around the world grappling with the current health and economic crisis, the urgency to mobilize domestic resources has […]
Algeria has asked the EU to put on hold a free trade agreement that was due to be signed this year as it drags its feet on customs reforms, an EU official said. Under the Association Agreement between the two countries, Algeria should have entered into an FTA with the EU in 2017 but has […]
Algeria’s energy giant Sonatrach has suffered a new setback after Turkey rebuffed two shiploads of liquefied natural gas (LNA) worth around $100 million after the discovery of oil in the load, Algerie Part Plus reports. Sonatrach, after it lost its biggest customers, namely the Spanish electricity companies, and Electricité du Liban that accused it of […]
Moroccan tourism operators have received a boon after Moroccan authorities gave access to foreigners upon hotel reservation or invitation from a Moroccan enterprise. Foreign visitors should, however, have been tested negative for the coronavirus, which has caused a crisis in Morocco’s vital tourism sector. Morocco has allowed special flights for its nationals and foreign legal […]
Moroccan artisans to benefit from Jumia’s wide distribution network, logistics, electronic payment system and services to boost their sales
OCP Africa, a subsidiary of the Moroccan OCP Group, will supply Côte d’Ivoire with customized fertilizers to help this African country boost its rice production. A cooperation agreement was inked on Friday in Abidjan between the two sides. The deal sealed with OCP will enable the government of Côte d’Ivoire to speed up the implementation […]
Morocco maintains its industrial effort to meet its needs of anti-covid equipment with the recent breakthrough of an SME that managed to make a prototype of thermal cameras that can be produced en masse. After ventilators, masks, infrared thermometers, protective gear, testing kits, intensive care beds, Moroccan engineers from the Nextronics start up made a […]
Part of the Moroccan private sector’ s increasing investments in the Horn of Africa, the group SOMAGEC is contributing to the building of an oil terminal in Djibouti. The Moroccan public works and civil engineering company is providing its expertise to Djibouti, which launched on Thursday the construction works of the new oil jetty, […]