Africa Business Headlines International

Namibia: Three foreign airlines eying stakes in national carrier

Three foreign airlines, among which German Lufthansa, are interested in acquiring equities in Air Namibia, The Namibian reports. Namibia’s public enterprises minister Leon Jooste is leading negotiations with Lufthansa, Ethiopian Airlines and South African Airways, the media says. “Three airlines, namely South African Airways, Ethiopian Airways and Lufthansa indicated an interest to pursue further discussions,” […]

Africa Business Headlines International Maghreb Morocco

South South Cooperation: OCP signs new agreements with Ghana

Morocco’s OCP Group and Ghana’s Ministry of Food and Agriculture have signed Thursday two additional milestone agreements that are in line with the promotion of South-South cooperation pursued by the North African Kingdom. The first cooperation agreement pertains to the farmer centric activities, soil mapping, innovation and digital farmer registration, the OCP said in a […]

Business Headlines Morocco

Morocco’s tourism sector, most competitive in Maghreb

Morocco maintained its leadership as the most competitive tourism market in North Africa and one of the most attractive tourist destinations on the continent said the World Economic Forum. Morocco was ranked 66th globally in the Travel & Tourism Competitiveness Report 2019 which was jointly topped by Spain, France, Germany and Japan. The report said […]

Africa Business Headlines International Maghreb Morocco

Morocco’s OCP, AU to cooperate in developing African agriculture

Morocco’s phosphates and fertilizer producer, OCP, signed a memorandum of understanding with the African Union Commission and the African Union’s Development Agency, AUDA-NEPAD, to develop Agriculture in the continent. The agreement was signed on the sidelines of the ongoing African Green Revolution Forum (AGRF) in Accra, Ghana, Sept. 3 – 6.   The deal reflects […]

Asia Business Headlines International Maghreb Morocco

Japan’s Yazaki Group to expand in Morocco with a fourth factory

Global automotive parts supplier Yazaki is planning to open a new plant in Morocco in January 2020. This plant, Yazaki’s fourth in the kingdom, will be set up in Kenitra, some 40 km to the north of Rabat, and will start operating in January 2020, says L’Economiste daily. The facility will employ 2,500 people, bringing […]

Finance Headlines Maghreb Morocco

Morocco’s Inwi launches mobile payments

Morocco’s second largest telecom operator, Inwi, launched mobile payment services becoming the first in Morocco to offer such facilitation to its subscribers. Dubbed Inwi Money, the new service would help Morocco achieve its financial inclusion goals notably through reaching population in isolated areas. Inwi Money comes less than a year after the Central Bank gave […]

Business Europe Headlines International Maghreb Morocco

CMA CGM Shipping Company Expands Service in Morocco to Dakhla

The French container transportation and shipping company, CMA CGM, is enhancing its shuttle service in Morocco, offering its clients as of Sept.12 a new stopover in the southern Moroccan port of Dakhla. The global shipping group said it made the move in order to continue developing business opportunities in Morocco and support Moroccan clients with […]

Africa Business Headlines International

TICAD VII: UNIDO, FAO launch initiative to accelerate youth employment in Africa’s agricultural sector

The United Nations Industrial Development Organization (UNIDO), the Food and Agriculture Organization of the United Nations (FAO) and the African Union (AU), together with numerous additional partners, have launched the Flagship Initiative to Accelerate Youth Employment in Agriculture and Agribusiness in Africa. The Initiative was launched Thursday on the sidelines of the seventh Tokyo International […]

Americas Finance Headlines International Maghreb Tunisia

USAID donates Tunisia $335mln to finance democratic transition, economic development

The United States has granted Tunisia a donation worth $335 million to finance projects and programs designed to boost economic and social development through encouraging entrepreneurship and improving governance. The donation is part of a US cooperation and support program extending over a five-year period (2019-2024), says TAP news agency. The Aid will fund projects […]

Africa Asia Business Headlines International

Toyota to install a car assembly plant in Côte d’Ivoire

Japan’s car company Toyota will soon set up a car assembly plant in Côte d’Ivoire. This is the purpose of an agreement the company signed Thursday August 29 in Yokohama, Japan, with the Ivorian government. The document was signed by the Ivorian transport minister, Amadou Koné, and the CEO of Toyota, Ichiro Kashitani, on the […]