First Independent Mena Newspaper
The International Finance Corportation, a member of the World Bank Group, is injecting €15 million in a new private equity fund by AfricInvest, a leading private equity fund manager, to help expand access to finance for small and medium enterprises in North Africa. The investment is part of a larger effort to support economic growth […]
France and Qatar signed a slew of contracts worth €12 billion as President Emmanuel Macron visited the isolated Gulf country this week. Under the deal, Doha will acquire 12 Rafales fighter jets and 50 Airbus planes. “These contracts underline the closeness of our commercial ties,” Macron said during the signing ceremony in Doha Thursday. He […]
Exxon Mobil and Mauritanian authorities have signed three production-sharing contracts for three deep-water exploration blocks. “These blocks further enhance ExxonMobil’s leading global deep-water acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company in a statement. “We thank the government of Mauritania for the opportunity to evaluate the potential of this acreage using our expertise […]
French car manufacturer has unveiled plans to assemble its latest pick-up truck model in Tunisia. This project, which will give a boost to Tunisia’s automotive industry, marks Peugeot’s return to the country following a 25-year absence. The €10.2m new assembly facilities, which will be built in Mghira and Sfax, will be operational 2018. The firm […]
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 […]