First Independent Mena Newspaper
Morocco’s food industry is a key component of the industrial fabric employing 156,000 people and generating a turnover of 115 billion dirhams, industry, investment and digital economy minister Moulay Hafid Elalamy said. Speaking at the question time at the Lower House of Parliament, Elalamy said that the sector has 1900 production plants, and that the […]
French automaker PSA Peugeot is undertaking the final touches before starting production in its Kenitra factory, worth €557 million. Head of the Central Bank had said that the factory will open by mid-2019. Peugeot’s CEO Carlos Tavares will attend the opening of the state-of-the-art factory, which will mark the return for the company’s production in […]
Tunisia’s tourism minister has been named the best tourism minister of the Mediterranean region on the back of the vibrant revival of the North African country’s tourism sector after the industry was nearly knocked down by series of terrorism attacks in 2015. René Trabelsi received the honor from Rossanna Roda, the President of Asigitalia, the […]
The Vita couture-Diprints group has opened last week in the Tanger free zone two industrial units specializing in digital fabric printing and ready-to-wear clothing, for an investment of MAD 220 million. The “Diprints” factory, specializing in digital printing on fabric, is the result of a joint venture with the Spanish textile group Santandarina. The factory […]
Bombardier plans to sell off its plant in Casablanca, which will go to an airplane manufacturer that will keep jobs as well as production, Minister for industry and investment Moulay Hafid Elalamy said. The new owner will be a sub-contractor that will continue to supply bombardier with jet parts, he said, citing Airbus, British JKN […]
The Western Union Company, a leader in cross-border, cross-currency money movement, has appointed Moroccan Mohamed Touhami el Ouazzani as Regional Vice President and Head of North, Central and West Africa, to lead from Casablanca, Western Union’s business in the region with focus on expanding digital money transfer, reinforce the retail agent network and drive outstanding […]
The World Bank’s new president, David Malpass, announced over the week plans to boost lending to African countries to help fight poverty. Malpass made the statement after touring Madagascar, Ethiopia and Mozambique on April 29-May 3. He met with these countries’ leaders and stakeholders and visited World Bank-funded projects. Africa is working at reducing poverty […]
Morocco’s Office National de L’Electricité et de L’Eau Potable (ONEE) and British upstream gas company Sound Energy PLC are conducting negotiations to conclude a binding agreement on the purchase of Tendrara’s gas. The announcement was made by Sound Energy which said that it received an offer from the Moroccan government to purchase its Tendrara’s gas. […]
The Canadian aerospace firm Bombardier is to sell its aerostructures businesses in Morocco and Northern Ireland within the frame of the company’s new strategy aimed at consolidating all its aerospace assets into a single and integrated business. In a statement released Thursday, Bombardier announced “the strategic formation of Bombardier Aviation, consolidating all aerospace assets into […]
King Mohammed VI has appointed members of the two commissions, the “Transfer Commission” and the “Evaluation Body” that will supervise the planned privatization of a number of public institutions that will bring in some 10 billion Dirhams. The Transfer Commission includes Zouhair Chorfi, Secretary General of the Ministry of Finance; Fouzia Zaaboul, Director of the […]