First Independent Mena Newspaper
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 […]
The first China-Africa economic and trade expo kicks-off this Thursday in the central Chinese city of Changsha with the participation of over 1,400 guests and traders from 52 African countries. Launched under the framework of the Forum on China-Africa Cooperation, the expo will establish a new mechanism for economic and trade cooperation between China and […]
The Moroccan retirement pensions fund, Régime Collectif d’Allocation de Retraite, (RCAR) has acquired 16,229,447 shares of Maroc Telecom, which has floated 8 per cent of the company’s shares. The operation took place on June 17. RCAR with this acquisition has increased its share in the company to 5.81 per cent, the Moroccan Capital Market Authority […]
The Denmark-based global engineering company FLSmidth will participate in the construction of a new cement plant in the region of El Jadida under a subcontracting deal with the Moroccan company TEKCIM. Tekcim had won the tender to build the MAD 2.6 billion ($274 million) cement plant in Ouled Ghanem in the province of El Jadida, […]
Morocco’s flag carrier RAM launched Saturday the Casablanca-Boston air route, the fourth air link operated by the airline to the US. RAM said, only few weeks after launching Casablanca – Miami flight last April, that it will operate three trips to Boston weekly on Mondays, Thursdays and Saturdays. With the new destination, the number of […]