First Independent Mena Newspaper
Morocco is attracting foreign companies through its special economic zone with the recent setting up of Japan’s top international freight forwarder, Nippon Express, of a second African branch office in Casablanca to cash in on the continent’s increasingly promising logistics market, said the Journal of Commerce, a biweekly magazine focusing on global trade. “Morocco is […]
Thanks to its advanced infrastructure, close ties with African economies and its advanced ports and free zones, Morocco offers a platform for Chinese businesses willing to expand in Africa. The conclusion was reaffirmed at the end of the China-Africa Investment Forum held in Marrakech (Nov 28) with the participation of 400 business executives from across […]
The Banker magazine awarded for the eighth consecutive time the “Bank of the Year Morocco” award to the BMCE Bank of Africa. The Banker’s eighteenth annual Bank of the Year awards provides an unrivaled opportunity to meet and network with industry peers and to celebrate the achievements of successful financial institutions from around the world. […]
The 6th EU-Africa Business Forum held Monday in Abidjan, Côte d’Ivoire, host country of the 5th African Union-European Union Summit, focused on “investing in job creation for youth”. It also looked at the challenges and opportunities for investment in Africa along four strategic priorities of the EU-Africa cooperation, such as renewable energy, agribusiness, infrastructure and […]
Marrakech is hosting the second China-Africa Investment Forum (CAIF) which opened on Monday with the participation of some 500 high-level Chinese and African business leaders. The event aims to facilitate business meetings between the main stakeholders of trade and investment between China and African countries in order to foster sustainable partnerships with high added value, […]
Once a Royal Palace overlooking the Atlantic Ocean and laying at the foot of the Western High-Atlas mountains, the edifice will soon be turned into a landmark resort adding to the tourist attraction of Morocco’s second tourist destination, Agadir, Moroccan media outlets reported. The palace, 20 km north of Agadir, was established by the late […]
multinational aerospace and transportation company Bombardier said it will set up a rail factory in Morocco worth €60 million with a potential to employ 2000 people by 2020. The announcement was made by head of Bombardier activities in Morocco Taoufiq Boussaid, who was speaking at the Rail Industry Summit in Casablanca. He said that Bombardier […]
Morocco has set the goal of joining the 50 most powerful economies of the globe by 2021, said Head of the Government, Saad Eddine El Othmani. El Othmani, who was speaking at the 13th World Islamic Economic Forum in Malaysia, said that Morocco has taken the necessary reforms to achieve that goal, citing notably the […]
Battered by falling oil and gas revenues, Algeria’s foreign exchange reserves are expected to further shrink to $97 billion, down from $193 billion in 2014, official data shows. With the slump in oil prices, the rest of the Algerian economy can’t generate the foreign exchange needed to pay for imports as oil and gas represent […]
The transactions made via Bitcoin, the digital payment system, constitute a “violation of regulations, punishable by penalties and fines”, said the Moroccan government agency “Office des Changes”. The Office stand comes few days after Moroccan digital services company MTDS said it would accept payment in bitcoin. According to the Office des Changes, the use of […]