First Independent Mena Newspaper
Germany is supporting Morocco’s sustainable development efforts with a financial assistance of €330.5 million, including loans and grants. The funds will help the North African country carry out projects in renewable energy, electric power, water supply & storage in rural areas and desalination of seawater. Two agreements were signed in this regard by Moroccan minister […]
Washington and Rabat gave an African dimension to their Strategic Dialogue with the 1st session meeting of their joint working group on Africa convened Tuesday in Washington. The gathering was co-chaired by Moroccan minister Delegate for African cooperation Mohcine Jazouli and Assistant Secretary of State for African Affairs Tibor Nagy. “Africa is at the top […]
The African Export-Import Bank (Afreximbank) is to implement a Tunisia-Africa Trade and Investment Promotion Program (TATIPP) with an initial commitment of $500 million to promote trade between Tunisia and the rest of Africa, President of the Bank, Benedict Oramah, has announced. Speaking in Tunis during a meeting Tuesday with President Beji Caid Essebsi, Prof. Oramah […]
Few days after the adoption of the Morocco-EU agricultural agreement covering Sahara products, the Spanish government is putting pressure on the EU to forge ahead with the approval of the fisheries agreement. Spanish vessels and fishermen are the main beneficiary of the fisheries agreement pending adoption by the EU Parliament in a plenary this month. […]
Morocco has invested heavily in ports infrastructure to become a competitor of its European neighbors, Spain and Portugal, in port-related items in international rankings, Jaime Pérez-Seoane de Zunzunegui, regional editor for North Africa for Oxford Business Group told the Wall Street Journal. “Morocco’s ports really shine, ranking 16th globally for liner shipping connectivity, and 28th […]
British water engineering company Biwater has won a $3.4m contract for the renovation of the Sidi Othmane slaughterhouse wastewater treatment plant in Casablanca, one of Africa’s largest abattoirs. Under the contract, Biwater will revamp the existing slaughterhouse wastewater treatment plant, providing cutting-edge technology to improve the quality of the effluent on site, ensuring the treatment […]
The Islamic Development Bank (IsDB) and the European Investment Bank have discussed at meetings held in Luxembourg this week opportunities for co-financing new projects in Africa and Southern Mediterranean Countries. The meetings were held as an IsDB delegation, led by the Bank’s President, Bandar Hajjar, is visiting the European Investment Bank’s headquarters in Luxembourg. During […]
Morocco has improved its standing in the 2019 Index of Economic Freedom, issued by the Washington-based Heritage Foundation. Index of Economic Freedom measures economic freedom of 186 countries based on trade freedom, business freedom, investment freedom, and property rights. Morocco’s economic freedom score is 62.9, making its economy the 75th freest in the 2019 Index, […]
After Kenya and Rwanda, the German car giant Volkswagen continues its expansion plan in East Africa. A Memorandum of Understanding (MoU) was signed on Monday by Thomas Schaefer, Head of the Volkswagen Sub-Saharan Africa Region, and the Commissioner of the Ethiopian Investment Commission (EIC), Abebe Abebayehu to deliver a joint vision for the development of […]
The international ratings agency Standards & Poor’s expects Moroccan economy to grow by 4.1 pc in 2020-2021, after decelerating to about 3.2 pc in 2019. The expanding automotive and tourism sectors, coupled with increased demand for phosphates and derivatives, will stimulate the long-term performance and somewhat reduce the reliance on cyclical sectors, notably agriculture, says […]