First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) has announced a €4.3 million loan to Moroccan packaging company Multisac SA, which specializes in the production of woven polypropylene bags. It is the first local company benefitting from EBRD’s and EU’s Trade and Competitiveness Program, which aims to improve value chains and make businesses more competitive […]
Mauritanian Foreign Minister Ismail Ould Cheikh Ahmed called on Moroccan businessmen to grab the investment opportunities offered in his country. The Mauritanian minister who paid a two-day visit to Rabat sept.20-21 stressed the need for stepping up bilateral ties at all levels particularly in the economic field. He said Mauritania offers investment opportunities in the […]
Tanger-Med, one of the largest ports in the Mediterranean, took part on September 20-22 in the third Meeting of the African Economic Zones held by The African Free Zones Organization (AFZO). Themed “Economic Zones and Free Zones’ contribution to sustainable economic development in Africa,” the event brought together representatives of 30 African countries as well […]
King Mohammed VI has launched 3rd phase of the revamped National Initiative for Human Development (INDH), an ambitious socioeconomic plan destined to close the social gap, combat poverty and reduce social inequalities. The 3rd phase of the plan, to be carried out over a four-year period (2019-2023), will cost $1.9 billion. It seeks to support […]
Novares, a global plastic solutions provider, has opened its first production plant in North Africa, in the Moroccan city of Kenitra. The plant will supply the newly-opened PSA facility in Kenitra and Renault plant in Tangier. This new 10700 m² facility, equipped with a painting zone with a clean room and a clear coat application […]
Japanese automotive supplier JTEKT has launched the construction works of a plant to produce electric power steering systems. The plant, the Japanese group’s first in the MENA region, is located in Tangier. With an initial investment of $22 million, the factory aims to reach an initial production capacity of 300,000 units a year when it […]
German media and publishing group Bertelsmann has merged its customer service business with Morocco’s Saham, creating a new market leader in Europe, Africa and the Middle East. Each will hold 50% of the new company branded as Arvato, which operates in 25 countries with 48,000 employees on its payroll offering services across the market for […]
Morocco officially opened an office to attract more Indian tourists as the North African Kingdom seeks to diversify its tourism emitting markets. “This office of the Moroccan tourism promotion agency will help us in planning various strategic promotional and awareness programs to tap the robust tourism sector in India”, Morocco’s Tourism Minister said in New […]
Moroccan women entrepreneurs have received a huge boost from the European Bank for Reconstruction and Development (EBRD), which has just launched a program to help them unleash their potential and contribute to their country’s economy. Dubbed EBRD’s “Women in business program”, this initiative is supported by European Union and Moroccan banks: BMCE Bank of Africa […]
Passenger traffic at Tanger-Med port jumped by 202% this summer compared to 1,741,212 passengers last year. The number of vehicles handled by the port hit 464,977 while the number of buses rose to 4,390, the port’s authority said. It ascribed the recent car jam that stretched for nearly 18km from the port to the high […]