First Independent Mena Newspaper
Morocco has confirmed its position as one of the top performing African economies, topping the Moubarack Lo ranking of emerging countries in 2017. The ranking, published for the second time by the research Group “Institut de l’Emergence”, headed by Senegalese economist and statistics engineer Moubarack Lo, was released on Wednesday in Dakar. Based on the […]
The second Intra-African Trade Fair (IATF 2020) scheduled to take place in Kigali, Rwanda in September 2020 will target the execution of Intra-African trade deals worth more than $40 billion, President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah announced on Wednesday. The event, co-organized by Afreximbank and the African Union (AU), which is […]
The Istanbul-based Pegasus Airlines will launch in July its first route to Morocco, at Casablanca, marking its debut in the North African country. The new route, part of the carrier’s expansion on the African continent, will be inaugurated on July 8. The airline will propose four weekly flights to the Moroccan business city. Passengers will […]
Morocco’s automotive sector exports doubled from 161 billion dirhams in 2013 to 240 billion dirhams in 2018, thus becoming Morocco’s leading exporting sector ahead of phosphates and agriculture. With more than 65.1 billion dirhams worth of exports, the automotive sector came ahead of phosphates and derivatives (43.4 billion dirhams), textile (38.6 billion dirhams) food industry […]
The World Bank has approved a $55 million loan to Morocco to enable the country develop youth employability programs in the Marrakesh-Safi region within the frame of a new project destined to provide economic support to youths. This project will combine training for lower skilled youth, support potential entrepreneurs and investments in local businesses in […]
The International Finance Corporation (IFC) announced it has signed last week a €14 million loan agreement with KMR Holding Pédagogique (KMR), a leading pan-african higher education provider, to expand medical training in Morocco and Senegal and increase the number of health professionals in the two countries. KMR will use the financing to set up Morocco’s […]
Morocco is featured among the top stars of hotel development in Africa along with Egypt, Nigeria, and Ethiopia, according to the 11th annual survey by W Hospitality Group. The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, with Egypt showing 15,158 rooms in 51 new hotels. According […]
A kenyan court dropped charges against Morocco’s phosphates giant OCP over alleged mercure presence in its fertilizers. The court also withdrew criminal charges against OCP officials and ordered the release of the fertilizers cargo that was held at Ballore Warehouse. Some Kenyan news portals said the termination came after parties entered a plea bargaining agreement. […]
The European Bank for Reconstruction & Development (EBRD) announced on Thursday the approval of a €2 million loan to Société Maghrebine de Monétique S.A. (S2M), a Moroccan firm that develops e-payments systems. The loan will enable S2M to enhance its competitiveness and increase employment opportunities for young people with on-the-job-training programs Under the Bank’s Blue […]
Morocco is to launch in the course of this year an international borrowing of €1 billion, to be followed by another one of the same amount in 2020. This loan is provided for in the 2019 Finance Law. A roadshow will be conducted in the coming weeks to mobilize investors for both operations, reported Media24 […]