First Independent Mena Newspaper
Morocco has comparative advantage in terms of sharing experience and expertise in Africa, notably in renewable energies, an area of excellence in the North African Kingdom, said the Financial Times. In an article by Siona Jenkins titled, Morocco Capitalises on Early Lead in Renewables, the British paper sheds light on the continental leadership of Morocco […]
Moroccan firm, Nova Power, will build in Côte d’Ivoire a Photovoltaic power station with a total capacity of 25 megawatts for a total cost of 23.5 billion CFA francs, Local media said. The plant, to be built in Banguebogo, 570 km north of Abidjan, mirrors Cote D’Ivoire’s ambition to diversify energy sources through boosting the […]
Attijariwafa Bank, la Caisse Centrale de Garantie and le Groupe Crédit Agricole du Maroc have all won 2017 African Banker Awards in various categories. Attijariwafa Bank has been awarded the trophy of “Best Regional Bank in North Africa”, la Caisse Centrale de Garantie has obtained the “Financial Inclusion Award”, while le Groupe Crédit Agricole du […]
The European Bank for Reconstruction & Development is providing a loan of up to US$ 2 million to the Microfund for Women (MFW) for on-lending to female entrepreneurs in Jordan. Access to finance through banks remains extremely limited for micro, small and medium-sized enterprises (MSMEs) in Jordan, a country that is also particularly exposed to […]
Protesters in the southern Kebili province have forced the closure of another oil pumping station as their claims for job opportunities gain momentum. The closing of the Faouar pumping station, operated by French Perenco company, has been confirmed by several media outlets in Tunisia. The closing was reportedly carried out peacefully, without any clashes with […]
FLSmidth has won a five-year contract from Moroccan Phosphates Office (OCP) to operate port equipment for handling phosphate, fertilizers, and sulphur. The port is located in Jorf Lasfar, El Jadida, 100 km south of Casablanca. The contract marks FLSmidth’s first Operation & Maintenance contract in Morocco, the Copenhagen-headquartered company said in a press release. FLSmidth […]
The International Monetary Fund has reaffirmed Morocco’s continued qualification for the Precautionary and Liquidity Line (PLL) Arrangement after a first review of its executive board. The two-year PLL arrangement for Morocco in the amount of SDR 2.504 billion (about US$3.42 billion) was approved by the IMF’s Executive Board in July 2016. After completing a first […]
Morocco has an opportunity in the years ahead to boost economic growth and job creation, says World Bank Memorandum entitled “Morocco 2040- Emerging by Investing in Intangible Capital”. The new report, released Monday, provides an analysis of past economic performance as well as development opportunities and constraints, and then offers a roadmap for reforms to […]
Morocco reinforced its attractiveness for FDIs on the African continent thanks notably to its political stability and economic reforms, said the London-based multinational professional services firm, Ernst and Young (EY). According to EY’s latest Africa Attractiveness Index (AAI), Morocco was ranked the most luring for foreign investors, followed by Kenya, South Africa, Ghana and Tanzania. […]
Moroccan Attijariwafa Bank, la Caisse Centrale de Garantie and le Groupe Crédit Agricole du Maroc are among the major African banks vying for the 2017 African Banker Awards in various categories. These Awards are hosted by the African Banker Magazine. The winners will be announced during a ceremony to be held during the Annual Meetings […]