Africa Business Community Headlines International Morocco

OCP signs $100 mln financing deal with IFC

Morocco’s phosphates and fertilizers producer OCP obtained a loan of 100 million dollars from the International Financial Corporation (IFC) to develop its African value chain. The loan will help OCP Africa to expand its logistics networks and increase the availability of fertilizers, adapted to local soils and crops, in Côte d’Ivoire, Ethiopia, Ghana, Kenya, Nigeria, […]

Community Energy Europe Headlines International Morocco

Morocco, EU to work together towards green energy transition

Morocco and the EU signed an agreement dubbed, Green Partnership, to promote a transition towards clean energy and counter global warming. Under the deal, the two parties shall cooperate to meet commitments under the Paris Agreement to cut greenhouse gas emissions, protect the environment and promote the green economy. The agreement is part of the […]

Business Community Finance Headlines Morocco

Remittances by Moroccans abroad account for 20% of Morocco’s total forex reserves

Money sent home by Moroccans living abroad represented 20% of overall foreign exchange reserves held by Morocco, head of the government Saad Eddine El Othmani said. Despite the pandemic, remittances proved resilience and showed the values of solidarities held dear by Moroccans. Total remittances stood at 7.4 billion dirhams in 2020, up from 6.9 billion […]

Community Headlines Morocco

UNHCR commends Morocco’s inclusive policy for refugees & asylum seekers

The UN Refugee Agency has praised the “inclusive and human-based” strategy adopted by Morocco in 2013 for refugees and asylum seekers, saying that the implementation of this strategy has enabled the North African Kingdom to set the example in addressing this challenging issue. Speaking during the presentation ceremony of UNHCR annual global report 2020 released […]

Algeria Columns Community Europe Headlines International Morocco Opinions

How Morocco foiled Algerian-Spanish plot to help separatist chief evade justice

Spain has flawed Schengen rules and its own judiciary by letting in Polisario leader Brahim Ghali under what Rabat called fraudulent conditions. La Razon and other Spanish media have reported that an investigation has been opened at the Spanish airport where Ghali was let in to determine the conditions of his access to the country. […]

Community Headlines Morocco

Moroccan movie ‘Casablanca Beats’ by Nabil Ayouch competes for Palme d’Or at Cannes Festival

The movie “Casablanca Beats” or “Haut et Fort” by Moroccan Nabil Ayouch features on the list of competitors for the Palme d’Or at the 74th Cannes Film Festival, held July 6 through 17. This is a première in the history of Moroccan cinema, the Moroccan Centre for Cinematography (CCM) commented. “This is a première in […]

Community Europe Headlines International Morocco

At King’s orders, Morocco to receive back unaccompanied minors in EU

King Mohammed VI has reiterated instructions for the Interior and Foreign Ministries to readmit Moroccan unaccompanied and duly identified minors residing illegally in the EU. A statement of the two ministries underscored that Morocco has always cooperated with the EU in readmitting minors, notably with France and Spain. The King “reaffirmed on multiple occasions- including […]

Community Finance Headlines Morocco

Morocco to tighten anti-Money laundering measures

Morocco has adopted a new law to fight money laundering which enables tracking and seizing funds acquired illicitly in line with FAFTA jurisdictions. This law helped the country leave the grey FAFTA list and strengthen its legal arsenal to address strategic deficiencies in its regimes to counter money laundering, terrorist financing, and proliferation financing The […]

Business Columns Community Headlines Morocco Opinions

Main points of Development report presented to King Mohammed VI

The special committee to elaborate a new development model presented its proposals in a detailed report to King Mohammed VI who stressed over the past few years the need to add fresh impetus to Morocco’s development efforts in order to meet the legitimate aspirations of the people to a prosperous state and efficient civil service. […]

Columns Community Europe Headlines International Morocco Opinions

How Spain created a crisis with Morocco and wants EU to pay for it

Spanish officials and media have pressured the EU to intervene following the influx of migrants on the occupied enclave of Ceuta in northern Morocco. It also desperately tries to cover up its strategic mistake of hosting under a false identity a Polisario leader wanted by Justice for war crimes. Spanish Prime minister Pedro Sanchez tried […]