First Independent Mena Newspaper
A Moroccan delegation, led by Minister Delegate for African Cooperation, Mr. Mohcine Jazouli, is taking part in the 12th US-Africa Business Summit, held in Maputo, Mozambique, June 18-21. Morocco, the only African country to sign a free trade agreement with the United States and a leading diplomatic and economic player on the continent, is represented […]
Moroccan mining firm, Managem, announced, Tuesday, that it acquired the remaining 30% stake in the joint venture with West African-focused gold mining and exploration company Avocet Mining, for $21 million. In 2016, Managem acquired 40% of this project in partnership with Avocet Mining before increasing this share to 70% in 2018. With this […]
Head of Casablanca Finance city (CFC) saïd Ibrahimi said that the number of companies that have acquired CFC status rose to 184 and is set to increase in light of the advantages offered by the Moroccan financial center to companies that want to expand in Africa. He said that CFC tax regime was not the […]
Morocco is taking part in the 53rd Paris International Air and Space Show, which opened on Monday at the Bourget exhibition Center, North of Paris, an opportunity to “showcase the boom and dynamism the sector is witnessing today,” said the Minister of Industry Moulay Hafid Elalamy, who is leading the Moroccan delegation to the show. […]
Tunisia announced it is launching a “Digital Investor Support Platform” during the Tunisia Investment Forum (TIF) due June 20- 21 in Tunis. The announcement was made Tuesday by Tunisian Development, Investment and International Cooperation Minister Zied Laadhari. Who said the platform seeks to totally digitalize investment transactions. The Tunisian official was taking part in the […]
The Moroccan government will get 8.87 billion dirhams (about $1 billion) from the sale of 8 per cent of its stake in the telecommunication continental giant. The Moroccan Capital Market Authority (AMMC) has given the go-ahead to the government to sell 8% of its shares in Maroc Telecom. The planned transaction on the block market […]
Casablanca Finance City (CFC) and Toronto Finance International (TFI) signed, Thursday in Toronto, a Memorandum of Understanding (MoU) to promote their cooperation and facilitate increased access to the two financial centers. The partnership agreement will also provide a platform to promote best practices in the areas of green finance and green infrastructure and share information […]
The Board of Directors of the International Fertilizer Association (IFA) has elected Mostafa Terrab, Chief Executive of the Moroccan OCP group, as chairman of this global fertilizer association. Mr. Terrab becomes the first chairman from the African continent of the IFA in its 90-year history. His election to this post was made during the IFA […]
The European Union and the African Development Bank (AfDB) have earmarked about €67 million to support the fight against climate change in Niger. The funding will support the Program for Integrated Development and Adaptation to Climate Change (PIDACC) in the Niger Basin. The funding agreement was signed by the Nigerien Minister of Planning, Kané Aichatou […]
Morocco is tightening the noose on organized crime with the upcoming launch of a national strategy to fight money laundering as well as terrorism financing, head of the government Saad Dine El Otmani said. The strategy would facilitate a better coordination of actions between different departments, said El Otmani at a national conference on the […]