First Independent Mena Newspaper
Moroccan banks across Africa serve as a launchpad that will allow Moroccan and European businesses to expand in the continent, Stratfor, a US firm specializing in risk analysis, said in a recent report. The report shows that Morocco has become a key investor in Sub-Saharan Africa owing to the strength of its financial sector. “As […]
The International Monetary Fund (IMF) said Morocco’s economic fundamentals and policy frameworks are sound as the government remains committed to reforms amid a positive macroeconomic outlook. Morocco’s policy priorities “include continued fiscal prudence and progress toward exchange rate flexibility, and reforms of taxation, governance, oversight of state owned enterprises, fiscal decentralization, and the business environment,” […]
Businessmen from Morocco, Algeria, Tunisia, Mauritania and Libya will meet in Nouakchott by the end of January to look into joint business opportunities and discuss ways of enhancing partnership in various sectors. The event is organized by the Mauritanian National Employers’ Union (UNPM). It will be attended by members of the Union of Maghreban Employers, […]
African-focused start-up Andela has raised $100m in a tour in United States, led by Al Gore’s Generation Investment Management. Andela, founded in 2013 to train African software developers and help them get hired by global companies, said it would use the most recent cash injection to expand the business and improve its internal data tools […]
Morocco has attracted a steady flow of foreign direct investment, unlike the rest of North Africa, which has seen a sharp decline in FDI, said the Financial Times in a story published Thursday. While many economies in North Africa have struggled to bring back foreign investors, Morocco has fared better than most. It has a […]
Morocco closed 2018 with a record number of 12.3 million tourists visiting the country, that is an 8.3% rise compared with 2017, the tourism ministry said. Tourism revenues rose to 73.15 billion dirhams in 2018, from 69.7 billion dirhams in 2017, making the sector one of the main sources of hard currency for Morocco. With […]
The International Monetary Fund (IMF) in a report released on Wednesday announced that the economy of Sub-Saharan countries should rise this year. In its World Economic Outlook Update, titled ‘A Weakening Global Expansion’, the Washington-based Fund indicated that economic growth in Sub-Saharan Africa should pick up in 2019, forecasting a 3.5 per cent growth for […]
The European Union announced Wednesday it adopted a financial assistance package worth €305 million to Tunisia, which is the highest amount ever allocated under the European Neighborhood Instrument. The funds will assist the North African country create jobs for youth, close gaps among local communities, promote entrepreneurship and improve living conditions. “This record financing reflects […]
The European Parliament’s Committee on Fisheries adopted Wednesday (Jan.23), by a large majority, the fisheries agreement between Morocco and the European Union (EU). The decisive vote of this committee, which decides on substantive issues, is the final step in the European Parliament’s specialized committees before the ultimate adoption in a plenary session expected to take […]
The Italian government has donated €1.5 million ($1.7 million) to the United Nations Relief and Works Agency for Palestinian Refugees (UNRWA) to provide health services for Palestinian refugees in Lebanon while Russia has pledged $10 million. UNRWA has been raising money to support refugees in Palestinian territories after the U.S., known as the largest contributor […]