First Independent Mena Newspaper
The African Development Bank (AfDB) approved a loan of $200 million to Morocco to boost the country’s industrialization plan, local media said. The loan will help fund the first phase of the support program of the Industrial Acceleration Plan, which aims to create 500,000 jobs by 2020 and to increase the share of industry in […]
In detaining a vessel loaded with Sahara phosphates bound for New Zealand, the ruling party in South Africa, the ANC, is reconnecting with its anachronistic populist marxist ideology, putting politics above justice in a hostile action that threatens to derail a peace process led by the UN, said the US public policy think tank, The […]
Morocco, under the leadership of King Mohammed VI, stands as a peaceful oasis of religious tolerance and coexistence between Jews and Muslims, said NBC news in an article on its website. Titled, “For Jews and Muslims of Morocco, a Supportive Relationship Built on a Complex History,” the article sheds light on centuries-old history of Jewish […]
Morocco’s phosphates company, OCP, denounced the “political piracy’” practiced by South Africa, which has been detaining the vessel Cherry Blossom loaded with 55,000 tons of Moroccan Sahara phosphates bound for New Zealand for more than 70 days, in a hostile act revealing the striking partiality of Pretoria’s justice system. In a statement, the OCP and […]
Morocco’s increasing diplomatic and economic clout in Africa enables it to offer a gateway for Russian business wishing to invest on the continent. The visit by Morocco’s foreign Minister to Moscow is part of a Moroccan endeavor to strengthen its role as a platform for Russian investments towards Africa. “His Majesty King Mohammed VI is […]
French company Faurecia, a world leader in car parts manufacturing, is planning to build in Morocco its third plant specialized in car interiors and emissions control devices. The plant will open its doors next year in the coastal city of Kenitra, Faurecia Chief Executive Patrick Koller said in a statement, following the inauguration of the […]
Less than a year after King Mohammed VI paid a landmark visit to East Africa that was crowned by the launch of several development projects in the visited countries, a Moroccan delegation is currently touring the region to assess the progress made in the implementation of these projects. The delegation’s tour includes Ethiopia, Rwanda Tanzania, […]
Morocco tops the ranking of most hospitable North African states towards Sub-Saharan migrants, a study, conducted by the US News and World Report, found. The study was based on a poll involving 21,000 people from 80 countries responding to questions on economic stability, access to the job market, equality of revenues and habitability. The countries […]
Capital markets are reasonably deep and well developed in Morocco wherein institutional investors buy long-term senior and subordinated bonds issued by Moroccan banks, says Fitch Ratings in its latest report on Moroccan retail housing finance market. The introduction of a covered bonds market in Morocco would support continued strong growth of retail mortgage lending, adds […]
Morocco’s Banque Centrale Populaire (BCP) Group has become the largest banking group in Niger, after it finalized Tuesday the acquisition of the International Bank for Africa, so far the second-largest banking institution in the African country. With the completion of this transaction, the BCP Group holds, through its subsidiary ABI, 69.51% of the capital. BCP […]