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EV Battery: Morocco to Host Africa’s 1st Gigafactory, Attracting over $ 6.5 Bln Investment

Gotion High-Tech, a Chinese electric vehicle battery giant, will inject over $ 6.5 billion in a gigafactory in Morocco. It will be the first in Africa, creating more than 25 000 jobs and strengthening the country’s leading position in the automotive industry. The announcement of this EV battery industrial eco-system was made Thursday in Marrakesh […]

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GITEX AFRICA kicks off in Marrakech

The world is celebrating this week the launch in Marrakech of GITEX AFRICA, the largest tech & startup event in the continent which is hosting its very own tech gathering that unites every community in the innovation ecosystem across Africa. The 2023 GITEX Africa Digital Summit, one of the largest tech and startup show in […]

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Automotive: Leoni invests nearly $100 Mln in projects in Morocco

German Leoni firm, a global leader in cables and wiring systems, is enhancing its presence in Morocco thanks to the country’s political stability and rapid growth of its automotive industry. The German company has pledged to invest over $92.1 million in six projects to create 7100 jobs in the country under deals signed in presence […]

Europe Headlines International Morocco

Sahara: British MP Liam Fox supports Morocco’s Autonomy Plan as the only way to move forward

Member of UK Parliament Liam Fox has expressed support for the autonomy plan offered by Morocco for the Sahara under its sovereignty, saying the plan is the “only practical way” to move forward and end the stalemate. The former UK trade secretary made the remarks Wednesday in Rabat following talks with Moroccan foreign minister Nasser […]

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Morocco’s UN representative underscores tenets of kingdom’s diplomacy

Morocco’s permanent representative to the UN, Ambassador Omar Hilal underscored the tenets of Moroccan diplomatic action on top of which a steadfast attachment to multilateralism in line with the UN charter, uncompromising on the Kingdom’s territorial integrity and neighborliness with Algeria. Speaking at a lengthy and detailed interview with Jeune Afrique, Ambassador Hilale reiterated Morocco’s […]

Business Emerging Markets Headlines Morocco

Morocco needs more industrial jobs to bolster labor added value

Morocco needs to create conditions propitious for the emergence of medium sized industries that are well-integrated in the domestic market in order to bolster the value added of the job market and absorb job seekers leaving the primary sector, head of Morocco’s planning agency HCP said. Speaking at the presentation of a recent study on […]

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Washington commends Morocco’s role in fighting WMD proliferation

The United States has commended Morocco’s role in the fight against the proliferation of weapons of mass destruction (WMD) in Africa.   The praise was voiced by US Under Secretary of State for Arms Control and International Security, Bonnie Jenkins, during the opening session of the high-level political meeting of the Proliferation Security Initiative (PSI), […]

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Moroccan King inaugurates Rabat-Salé-Kenitra’s CMC; new-generation vocational training facility

King Mohammed VI inaugurated, on Tuesday in the town of Tamesna, the Cité des Métiers et des Compétences (CMC/City of Trades and Skills) for the Rabat-Salé-Kénitra region, a new-generation vocational training facility dedicated to excellence and innovation. The Rabat-Salé-Kénitra CMC is part of an overall program to build 12 CMCs in different regions of the […]

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Algeria outsources pro-Polisario judicial activism to European pawns

The Polisario and its mentor Algeria have suffered a new setback in their new strategy to hassle Morocco economically through challenges filed by European proxy NGOs, with a painful blow by the UK’s justice system rejecting a challenge to a trade deal with Morocco covering the Sahara. The new resounding failure adds to past desperate […]

Business Emerging Markets Headlines Morocco

Phosphates: Morocco’s OCP group reports $ 1.7 billion earning in 1st Quarter 2023

Morocco’s state-owned phosphate company OCP has reported $1.78 billion in first quarter of 2023 against $2.6 billion earned in the same period last year. Yet, this year’s results show the resilience of the global leader in the fertilizer industry in challenging market conditions, says the company in a press release. Global fertilizer prices continued to […]