First Independent Mena Newspaper
Japanese electrical and industrial automation company Yokogawa opened its African subsidiary in Casablanca in a bid to expand in Morocco and the continent. In Morocco, the company targets industrial clients in the fields of energy and chemical, pharmaceutical, agri-food industries as well as waste and sewage water treatment. The group generates a turnover […]
The US “Prosper Africa” program, designed by the Trump Administration, to replace the African Growth and Opportunity Act (AGOA), would be operational by 2025. Prosper Africa aligns with the Trump administration’s Africa strategy, introduced by National Security Adviser John Bolton last December. It aims to promote prosperity, security, and stability in US-Africa relations, and […]
With the effective establishment of the African Continental Free Trade Area (AfCFTA), trade between Morocco and Africa, which currently account for 5.4% of commercial transactions, could triple in the long term, according to the Moroccan Center of Conjuncture (CMC). The launch of the AfCFTA after long negotiations reflects the desire to foster the continent’s economic […]
More than 5.4 million tourists visited Morocco in the first semester of 2019, a 6.6 pc increase compared to the same period last year, according to data released by the Tourism Observatory. The Italians top the list of inbound foreign tourists, representing 12 pc of the overall travelers who visited the North African country during […]
Several Moroccan senior officials will shortly be held to account in cases related to the squandering of public funds. These include former government officials, senior executives of public institutions, payment authorization officers, presidents of elected institutions, entrepreneurs and directors of consulting firms, reports Assabah daily in its weekend edition of August 10-11. The daily, quoting […]
US carrier, American Airlines, will launch its first US-Africa route with Casablanca as its first entry point on the African continent. The first flight is scheduled for June 4, 2020. The airline in a statement said it will operate three weekly flights from its Philadelphia hub to Mohammed V Casablanca international airport. Though operations […]
Talks between African and US officials to review the African Growth and Opportunity Act (AGOA) free-trade deal ended Thursday in Côte d’Ivoire with no major deal. The African Growth and Opportunity Act, which in 2015 was extended to 2025, provides tariff-free access on 6,500 products from 39 countries, ranging from oil and agricultural goods […]
Forty-one investment projects have been approved during 1st semester of 2019 by the Regional Investment Centre of Laayoune-Sakia El Hamra, Southern Morocco. These projects, valued at over $579 Million, are dedicated to trade (17), construction & public works (12), tourism (5), industry (4), services (2) and energy & mining (1). Three of these […]
The World Bank has stressed the need to support Moroccan companies to enable them better penetrate markets, develop and export their goods, services and products. In an analysis on the situation of the private sector in the North African Kingdom, the WB experts say favorable business environment requires the setting up of conditions conducive to […]
The Egyptian government has assigned a Bombardier-led consortium to build its monorail system in a contract valued at $4.5b. Bombardier and its partners, Orascom Construction and Arab Contractors, will build and maintain the system aiming to decongest the Egyptian capital and ease commute for its 20 million inhabitants. The system will be made of two […]