First Independent Mena Newspaper
The European Bank for Reconstruction & Development (EBRD), backed by the EU, will launch its Women’s Business Program in Morocco Sept.18. This initiative encourages women entrepreneurship for inclusive growth and supports women entrepreneurs looking for adequate access to finance and business training. EBRD works with women-led small and medium-sized enterprises (SMEs) to help promote women’s […]
BMCE Bank of Africa has signed a partnership agreement with China-Africa Business Council to support and facilitate the task of Chinese investors in Morocco and more broadly throughout Africa. The agreement was initialed on the sidelines of the just concluded China-Africa Summit held in Beijing (September 3-4) and the China-Africa Cooperation Forum in the private […]
Morocco has opted for the promotion of the manufacturing and use of generic drugs to expand health coverage from 63 pc to 90 pc by 2021 as the local pharmaceutical production enables the country to meet currently 60 of its needs. To prepare the legal grounds for this undertaking, a draft decree has already been […]
Morocco will launch next year Islamic Insurance (Takaful) after introducing in 2017 Islamic banking services, which are thriving in the Middle-East, Africa, Asia and some western countries, say local insurance experts. In July 2017, the Moroccan Government Council adopted a draft decree paving the way for implementation of the Takaful Law. Unlike the banking sector, […]
The European Bank for Reconstruction and Development (EBRD) announced Friday a €16 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The loan will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant in Kenitra, as well […]
Chinese Car maker SAIC will turn Tunisia into one of its regional hubs outside China, under an agreement between the Chinese firm and Tunisia’s Meninx Holding. The signing of the agreement between the two firms took place on the sidelines of 3rd China-Africa Cooperation Forum, which was held September 3-4 in the Chinese capital, Beijing. […]
Madrid has cancelled the sale of 400 laser-guided bombs to Saudi Arabia for fear that the arsenal could be used in the ongoing conflict in Yemen. The announcement was made Tuesday by the Spanish Ministry of Defense, which said that the government decided to halt a military deal under which Spain was to supply 400 […]
Algeria is the latest country to join Beijing’s Belt and Road Initiative (BRI). A memorandum of understanding has been signed by officials of the two governments to develop infrastructure and strengthen ties between the two countries through the BRI. According to Algeria Press Service the memorandum was signed by Algerian Foreign Minister Abdelkader Messahel and […]
The Kenitra Peugeot plant will double its production capacity by 2020, said a PSA Group management source during a site visit organized by the Ministry of Industry. The PSA Automotive Group intends to double its production capacity at its Kenitra plant. This decision follows the first results achieved so far, the source said, describing these […]
Several Chinese businessmen have discussed in Beijing with Head of Moroccan Government Saadeddine El Othmani their investment projects set for the North African country and reviewed ways to facilitate their implementation to help create jobs within the frame of a “win-win partnership”. The Chinese entrepreneurs met El Othmani on Monday on the sidelines of the […]