First Independent Mena Newspaper
Investors have shown eagerness to carry out their projects in Morocco despite Covid-19 with 45 projects approved by the government worth $2.4 billion. The sectors of energy infrastructure and telecommunications took 65% of all investment, followed by industry and retail with 16% and tourism with 11%, head of Morocco’s investment promotion agency Hicham Boudraa said. […]
Secretary-general of the United Nations Conference on Trade and Development (UNCTAD), Mukhisa Kituyi, has commended Morocco’s contribution to the development of the African continent and the key role it plays in giving substance to South-South cooperation. During a virtual meeting held Wednesday in Geneva with the Group of the Non-Aligned Movement members, Kituyi praised the […]
Morocco has stood out in Africa as a leader that developed an efficient anti-coronavirus approach while preparing the ground for tapping into the opportunities offered by the pandemic for economic and geo-strategic leadership in the continent, French paper Le Point reported. In an article dubbed “Morocco, a future African champion”, the paper highlights Morocco’s position […]
Morocco has won international acclaim for its multi-pronged response to the coronavirus outbreak, which, besides health protection measures, included social protection initiatives and solidarity both at home and at the African level. However, on the eve of the lockdown easing with the re-opening of several businesses, the Moroccan citizen now should show more discipline in […]
The restrictive measures to slow the outbreak of the coronavirus ensued revenue losses estimated at $600 million for five Moroccan state-owned enterprises. These include flag carrier RAM, which loses up to $100 million per month, national electricity and water utility with $44 million, airports agency with $30 million, rail operator ONCF with $28 million and […]
France will release €350 million loans to Tunisia to deal with the crisis caused by the coronavirus, French President Emmanuel Macron announced on Monday in Paris. “France continues to provide all its support to Tunisia, especially in the health sector through the training of health workers, the modernization of infrastructures, such as the construction of […]
The World Bank announced on Tuesday a $500 million funding to help Morocco speed up its digital transformation and enhance its economic and social inclusion. The WB financial support will serve to improve financial inclusion and access to more competitive digital infrastructure and services for businesses and individuals. It also aims to spur private sector […]
The Bankers Association for Finance and Trade (Baft) has launched earlier this June a regional Africa council, bringing together senior banking leaders from institutions across the continent to provide guidance for the association’s members locally. The council will look to address common challenges faced by banks in Africa, including capital treatment for trade finance, transition […]
Morocco has moved to the second phase of its confinement easing allowing cafes, restaurants and recreational businesses to open at half capacity, the interior, health and trade ministries said. Passenger traffic will resume between Moroccan cities except Marrakech, Tangier, Asilah, Larache and Kenitra where lockdown is stricter. Domestic flights and railways will start operating as […]
Moroccan economy has so far shown resilience and agility in responding to the coronavirus pandemic making it one of the least impacted in the MENA region by the pandemic, MENA and Central Asia director at the International Monetary Fund (IMF) Jihad Azour said. “Morocco is one of the countries that knew how to efficiently manage […]