First Independent Mena Newspaper
Mauritania will enter the limited list of uranium producing countries in 2020 following the promising findings of the Australian mining company Aura Energy in the Tiris Zemmour mine. “The production of yellowcake is a true milestone for Aura Energy’s push to achieve producer status. To achieve yellowcake production from our site in the Sahara Desert […]
Morocco was the 9th supplier of canned food, vegetables and fruits to the US, said American research center Indexbox in a recent study. The top 10 suppliers covered 85% of US total imports of canned food, fruits and vegetables in 2018, with Spain, Greece and India taking the first three positions. Peru, the Netherlands, Italy, […]
The Moroccan government notified on Friday the largest telecom operator in the country, Maroc Telecom, that it will sell 8% of the capital of the country. The sale will reduce the share of the Moroccan state in the company to 22%, with the majority of stakes up to now owned by the UAE’s Etissalat. “Maroc […]
As the United Kingdom braces for a hard Brexit without a deal with the European Union, the British government is looking for business opportunities outside the European bloc, focusing on building stronger economic cooperation ties with its traditional partners in America, Asia and Africa in addition to those of the Commonwealth. It is in this […]
The African Continental Free Trade Area (AfCFTA), the African Union’s flagship project for the continent’s economic integration, came into effect on Thursday with the aim of increasing intra-African trade by 60% before 2022, announced the AU. The African Union (AU) hopes the agreement will create a continental $2.5 trillion market of 1.2 billion people and […]
Belgium will allocate Morocco €3 million, over four years, to promote jobs creation and youth self-employment. The funds will be granted under a Moroccan-Belgian project dubbed “Supporting Youth Entrepreneurship Development in Morocco.” The project, whose related agreement was signed on Wednesday in Rabat, will focus in a first phase on four regions: Beni […]
UK-based Helispeed company, specializing in pilot supply services, training and aircraft management, has sealed a 12-month deal with Moroccan-based Heliconia Aero Solutions to provide it with qualified helicopter pilots. These pilots will enable Heliconia Aero Solutions offer its customers, associated organizations and individuals safe, reliable and effective helicopter solutions. The Marrakesh-headquartered aviation firm utilizes its […]
North Africa boasts the world’s richest phosphate reserves, most of which is located in Morocco but Algerian and Tunisian soil have significant untapped potential. Algeria has long dreamt to develop phosphates-related industries through the setting up of fertilizers plants in Annaba and developing the eastern phosphate cluster in the Tebassa region. However due to multiple […]
Morocco is set to create 12 special economic zones in its 12 regions offering tax incentives and other advantages to attract foreign industrial investors. The special zones are also meant to boost exports and curb imports in order to ease the country’s trade deficit. The decision was made in 2016 in a business charter that […]
Mckinsey said that agriculture stands as a promising sector for Morocco in order to bridge the gap in its trade deficit with China. The US consulting firm said in a report on Chinese-African economic ties that out of the 2 billion dollars of Morocco’s agricultural exports in 2017, only 0.2% was sold to China. The […]