First Independent Mena Newspaper
The European Union and Morocco inked on Friday two agreements aimed at supporting Moroccan small & medium enterprises (SMEs), including start-ups working on innovation as well as the country’s social protection program. The agreements, related to the EU-funded programs: “Competitiveness & green growth” and “social protection reform in Morocco”, were sealed during the visit European […]
Morocco’s phosphates company saw its revenues grow by 15% in the first half of the year to 26,599 million dirhams ($2.86 billion). Revenues increased from 23,152 million dirhams last year as the company continues to invest in Africa where it plans the setting up of fertilizer plants in Ethiopia and Nigeria. “This sales growth was […]
The European Commission President Jean-Claude Juncker in a keynote speech on Wednesday said Europe will propose a new alliance with Africa that will create up to 10 million jobs. In his State of the Union speech, Juncker said the European Commission is proposing a new ‘Africa – Europe Alliance for Sustainable Investment and Jobs’ to […]
Casablanca Finance City (CFC) has leapt four places in the Global Financial Centers Index 24 (GFCI24) taking the 28th position. CFC outperformed Seoul, Taipei and Doha ranking the fourth best financial hub in the MENA region behind Dubai, Tel Aviv and Abu Dhabi. At the international level, New York has overtaken London as the world’s […]
Morocco’s phosphates company, OCP, and the Government of Ghana signed a memorandum of understanding to develop the fertilizer value chain. The agreement was signed by Ghana’s Ministry of Food and Agriculture (MoFA) and the OCP Group as part of the Government of Ghana’s newly designed Fertilizer Expansion Program (GFEP). Under the agreement, the two parties […]
The European Bank for Reconstruction & Development (EBRD), backed by the EU, will launch its Women’s Business Program in Morocco Sept.18. This initiative encourages women entrepreneurship for inclusive growth and supports women entrepreneurs looking for adequate access to finance and business training. EBRD works with women-led small and medium-sized enterprises (SMEs) to help promote women’s […]
BMCE Bank of Africa has signed a partnership agreement with China-Africa Business Council to support and facilitate the task of Chinese investors in Morocco and more broadly throughout Africa. The agreement was initialed on the sidelines of the just concluded China-Africa Summit held in Beijing (September 3-4) and the China-Africa Cooperation Forum in the private […]
Morocco has opted for the promotion of the manufacturing and use of generic drugs to expand health coverage from 63 pc to 90 pc by 2021 as the local pharmaceutical production enables the country to meet currently 60 of its needs. To prepare the legal grounds for this undertaking, a draft decree has already been […]
Morocco will launch next year Islamic Insurance (Takaful) after introducing in 2017 Islamic banking services, which are thriving in the Middle-East, Africa, Asia and some western countries, say local insurance experts. In July 2017, the Moroccan Government Council adopted a draft decree paving the way for implementation of the Takaful Law. Unlike the banking sector, […]
The European Bank for Reconstruction and Development (EBRD) announced Friday a €16 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The loan will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant in Kenitra, as well […]