First Independent Mena Newspaper
The extension of Morocco’s Tanger Med port increased the total capacity of Morocco’s 13 ports combined to 260 million tons. The launch of Tanger Med 2 increased the northern port’s capacity to 9 million container from 3.5 million in 2018. The extension was achieved at a total cost of 88 billion dirhams in state funding […]
The Spanish-Moroccan business forum opened Tuesday in Casablanca to discuss joint investment opportunities and partnership projects in the car industry, transports, renewable energy, water, agricultural technologies, agri-food industry, education and tourism. The two-day event, bringing together some 300 representatives of public administration and the private sector from both countries, aims to facilitate contacts between Moroccan […]
About $20.8 billion deals were signed between African countries and China during the first China-Africa Economic and Trade Expo (CAETE), held the central Chinese city of Changsha, Hunan Province, June 27 through 29. The $20.8-billion worth of deals covered a wide range of areas, including trade, investment, infrastructure, agriculture, manufacturing, aviation, tourism and sister-city relations, […]
Heads of State of the 15-member West African Community of African States (ECOWAS) have adopted a flexible currency regime after making considerable progress on plans for a single currency in the region. In a meeting held Saturday in the Nigerian capital Abuja, the bloc said it had made considerable progress on the single currency […]
A fierce competition takes place in African skies to dominate flights to the Americas pitting Royal Air Maroc against unrelenting competitors such as the Ethiopian airlines, South African Airlines, Kenyan airways and Egypt air. Every month a new connections is announced by African airlines linking the continent to the US, Canada or Latin America, air […]
Maroc Telecom has announced that the acquisition of Tigo Tchad, Chad’s largest network operator, has been completed. Following the agreement signed on March 14, 2019, Maroc Telecom has completed the acquisition from Millicom of the entire share capital of its subsidiary Tigo Tchad, Maroc Telecom said in a press release. Tigo Tchad is […]
Morocco opened two new terminals at Tanger Med port which puts it in the top 20 largest container ports in the world and first in the Mediterranean with a handling capacity of 9 million containers. The port was opened at an official ceremony Friday chaired by Crown Prince Moulay Hassan who represented the King Mohammed […]
Morocco’s competition council and the World Bank’s International Finance Corporation agreed to cooperate to promote the competitiveness of the private sector. The partnership was sealed following an event themed “revitalizing the competition framework in an open Morocco,” held recently in Rabat. Under this agreement, the Moroccan council shall benefit from the technical expertise of IFC […]
Morocco’s automotive industry continues to grow at a rapid pace and attract investors thanks to the country’s political stability, low-cost labor, tax incentives and geostrategic position. On Wedesday, Nexteer Automotive opened its first African plant in Kenitra, Morocco in a ceremony attended by Moroccan Minister of Industry, Investment, Trade and Digital Economy, Moulay Hafid Elalamy, […]
Tanger Med port has raised the bar setting an ambition to compete at the international level after coming first in the list of Africa’s container ports for two years in a row. Tanger Med 1 has reached a capacity of 3.5 containers last year and braces to hit 9 million container capacity this year after […]