First Independent Mena Newspaper
Morocco’s thriving automotive industry continues to attract foreign investors and car parts markers looking for business and growth opportunities. Among these investors, Adient, the global leader in automotive seating, which has announced the opening of its first plant in the North African Kingdom. The plant, based in Kenitra, will expand Adient’s fabrics business, which designs […]
The UK-based mining exploration company Altus Strategies Plc is expanding its presence in Morocco. Through its 100% owned subsidiary Aterian Resource Ltd, this company has obtained new exploration licenses for zinc and copper in the North African Kingdom. The new permits will enable Altus engineers to carry out exploration works in Ammas, Takzim Est and […]
A consumer boycott hit Morocco’s market leader for milk, Centrale Danone, which announced laying off temporary contract workers and a 30% reduction in the amount of milk it collects. The boycott started 40 days ago and gained large support among citizens. A survey on L’economiste showed that 42% of Moroccans are boycotting Centrale-Danone along with […]
Morocco’s pharmaceutical industry covers 60% of the needs of the local market, said health minister Anass Doukkali. He underscored the potential of the pharmaceutical industry, which now represents 2% of Morocco’s GDP, adding that 10% of the medicine produced in Morocco is exported to foreign markets. Doukkali, who was speaking at a Francophonie event, said […]
The celebration of the international Africa Day is an occasion to shed light on the South-south cooperation approach adopted by Morocco under the leadership of King Mohammed VI yielding concrete projects that address the continent’s pressing challenges. By matching words with action, Morocco geared the bulk of its foreign direct investments to help African countries, […]
Former Finance and former Foreign Minister Salah Eddine Mezouar was elected new President of the Federation of Morocco’s employers (CGEM) succeeding Meriem Bensaleh. Mezouar won by a landslide majority of 5,173 out of the 6635 casted votes after a heated electoral campaign in which he ran against Hakim Marrakchi. In a statement to the press […]
The recent blunders of several ministers in the PJD-led government have infuriated the anger of citizens, reinforcing the perceived idea of politicians as inconsiderate of the people’s grievances. The boycott, which was launched a month ago, was at first played down by ministers. Finance and Economy Minister Mohamed Boussaid shouted in Parliament saying the boycotters […]
The inroads of Morocco’s economic diplomacy in Africa are inspiring leaders in South Africa, which aspires to follow suit through the launch of an African policy to strengthen economic ties with the continent. The move was announced by South Africa’s Foreign Minister Lindiwe Sisulu, in an attempt to break away with the unfruitful political rhetoric […]
A Parliamentary inquiry presented on Tuesday rebuked gas distributing companies for increasing their profits and undermining the citizen’s purchasing power after the state liberalized the market in 2015. The report was presented amid an ongoing consumer boycott that hurt the finances of three brands operating in fuel distribution (Afriquia), dairy (Central Danone) and bottled water […]
Morocco’s State-owned phosphates Group OCP and UAE National Oil Company (ADNOC) have agreed to enhance their partnership and set up a new global fertilizers joint venture. The new entity will build on the two groups’ competitive advantages, namely ADNOC’s world-scale sulphur production, ammonia and gas expertise, and shipping and logistics network, and OCP’s access to […]