First Independent Mena Newspaper
Casablanca Finance City (CFC) and Abu Dhabi Global Market have agreed to enhance cooperation and jointly promote the development of financial services in Morocco and the United Arab Emirates. The agreement was inked by Saïd Ibrahimi, CEO of the CFC Authority and his emirati peer Dhaher Bin Dhaher Al Mheiri. The two sides pledge to […]
The African Development Bank (AfDB) agreed Tuesday to back Morocco’s efforts to reduce unemployment with a $96.6-million loan that will support access to jobs and improvement of populations’ living conditions. Morocco’s minister of economy, Mohamed Benchaaboun, said at the signing of the agreement, the loan is earmarked to improving living conditions through an inclusive job […]
The Economic Community of West African States (ECOWAS) has finalized its new Regional Master Plan for the Production and Transmission of Electric Power. The plan, which was presented by Secretary General of the West African Power Pool (WAPP), Siengui Appollinaire Ki, aims to increase power access and coverage across the West African region. The new […]
The European Parliament adopted this Tuesday (Feb.12) by an overwhelming majority the Morocco-EU Fisheries Agreement. The accord and its protocol were adopted at a plenary session in Strasbourg by 415 votes in favor, 189 against and 49 abstentions. This vote, the last endorsement step at the European level, is the culmination of a process of […]
The European Bank for Reconstruction & Development (EBRD) is supporting Moroccan automotive sector with a €7.5 million loan to Tuyauto Gestamp Morocco, a greenfield joint venture producer of metal automotive parts owned by Gestamp Automocion (Spain) and Tuyauto (Morocco). The funds will finance the first phase of Tuyauto Gestamp Morocco’s operations in the welding and […]
King Mohammed VI received this Monday, at the Royal Palace in Rabat, Dounia Ben Abbas Tâarji, who was appointed last week President of the Executive Board of the Hassan II Fund for Economic and Social Development. Although the official news agency MAP, which reported the news, did not give any details about the content of […]
Morocco has encouraged its companies to invest in Sub-Saharan Africa to an extent that its geared 90% of its foreign direct investments to the region in the period spanning from 2010 to 2018, the Financial Times reported. Ethiopia, Côte d’Ivoire and Cameroon were top destinations of Moroccan investments, the publication said. Morocco’s exports to West […]
A delegation of British businessmen will visit Morocco on March 4-5 to explore cooperation opportunities in the Energy (Renewables & Hydrocarbons), Education and Finance sectors. The trade mission will visit the cities of Rabat and Casablanca, Morocco’s political and economic capitals wherein they will meet with key Government officials and representatives from the private sector. […]
Elected members of regional and local councils as well as MPs from the Southern provinces, the Sahara, published an article on Politico, highlighting the benefits of the Morocco-EU fisheries agreement on the local population and economy. “We recognize Morocco as the only legitimate representative of our interests and will — and we call for the […]
Trade import and export volumes between China and countries from Africa have grown significantly in 2018, but only 15 countries from the continent have benefited from the growth. According to Chinese customs service, most of these countries are located in sub-Saharan Africa, with the exception of Libya. These are Angola, South Africa, Congo, DRC, Zambia, […]