First Independent Mena Newspaper
Mauritanian authorities have paved the way for Moroccan trucks carrying fresh produce and foodstuff to ensure an adequate supply of its domestic market, Mauritanian trade ministry said. In this respect, Mauritanian authorities have opened a special station in the capital Nouakchott for these trucks to unload and for drivers to rest, the ministry said. Measures […]
The Moroccan National Confederation of Tourism has sounded the alarm. The tourism sector has been severely affected by the coronavirus pandemic and the lockdown it entailed worldwide. The tourism sector and all the activities that shape its value chain, i.e. hotels, restaurants, travel agencies and distribution networks, ground transportation and car rentals, event industry and […]
Morocco’s high commission for planning issued bleak figures on the impact of coronavirus, which pushed 142,000 companies to halt activity, forcing 700,000 to temporary or lasting unemployment. In total, 57% of Moroccan enterprises, mostly small and medium sized have ceased operations. These comprise 135,000 enterprises that closed temporarily and 6,300 that declared bankruptcy, the HCP’s […]
Morocco will boost daily facemask production from 6 million to 8 million, said industry minister Moulay Hafid El Alamy, noting that the country has produced a total of 80 million masks so far. El Alamy, who was speaking to 2M tv channel, said that logistics issues are being addressed to ensure the availability of face […]
Morocco braces for a meagre crop this year as a result of drought which cut output 42% to 30 million quintals, the agriculture ministry said. Morocco’s reserves of wheat is enough to meet the needs of domestic consumption for 4.5 months said the ministry reassuring the availability of flour, the basic staple, during Ramadan and […]
The European Bank for Reconstruction and Development (EBRD) announced on Tuesday a €145 million financing facility to Moroccan Bank of Africa (BMCE Group) to support the country’s coronavirus response. This is the first investment to be delivered under the EBRD’s coronavirus Resilience Framework that was set up to meet the immediate short-term liquidity and working […]
Head of the Moroccan government said it was too early for accurate figures on the repercussions of the coronavirus on the Moroccan economy noting that a review of the appropriation bill is not possible in the absence of precise indicators. The IMF however has said the Moroccan GDP will contract by 3.7% while the high […]
The Moroccan construction industry and its workforce have launched an urgent appeal to the Government for help after suffering a major loss with the collapse of their activity due to the Coronavirus lockdown. Following a sharp drop in turnover by up to 75 pc, the National Federation of Builders and Public Works (FNBTP) sent a […]
Morocco’s leading telecom operator said it will donate its first quarter profit amounting to 1.5 billion dirhams (150 million US dollars) to the special fund created to mitigate the social and economic consequences of Covid-19. The government has pledged 10 billion dirhams to the fund which included a fine of 3.3 billion dirhams that Maroc […]
Since its independence, Morocco attached utmost importance to meeting its foodstuff needs from domestic production encouraging agriculture and agri-food industries, with the country now largely producing most of the food needs of its 37 million population at a time the global foodstuff supply chain is undergoing disruptions due to the coronavirus outbreak and shortage of […]