First Independent Mena Newspaper
The net flow of Foreign Direct Investments (FDI) recorded a 43.6% increase to more than 19.4 billion dirhams at the end of December 2021 compared to a year earlier, the Office des Changes (exchange office) said in its annual report on the balance of payments and the international investment position of Morocco for the year […]
The U.S. Trade and Development Agency announced this Thursday it will fund a feasibility study to transform the power distribution infrastructure in Marrakech into a smart grid. The announcement was made on the sidelines of the 2022 U.S.-Africa Business Summit taking place in Marrakesh. The study will be carried out by Washington-based Africa Climate Solutions […]
Togo joined a list of over 24 countries that have opened a consulate in Laayoune or Dakhla in southern Morocco, reflecting their support for Morocco’s territorial integrity and marking their firm support for the sovereignty of Morocco over its Sahara. The inauguration ceremony, in Dakhla, was chaired by the Togolese and Moroccan Foreign Ministers, Robert […]
Canadian GAL Aerospace will set up in Morocco an integrated project for the production, modification and completion of aircraft cabin interiors. The unit to be built in Casablanca with an investment amounting to $12 million, will be completed in 2023 and will create 240 direct jobs. A Memorandum of Understanding on the creation of the […]
The Africa-focused energy group Chariot has has announced a material increase in its gas resources offshore Morocco, validating its decision to fast-track its field development plans for the Anchois gas project in Larache. On Wednesday, Chariot shared the results of an independent assessment by Oil & Gas consultant Netherland Sewell & Associates which has reviewed […]
Marrakech is currently hosting the US-Africa business summit, a forum that connects the business community in Africa and the US to prospect for win-win investment opportunities in the African infrastructure sector. Holding the event in Marrakech “is an enshrinement of the natural role of the Kingdom as a gateway to Africa and a link with […]
Morocco’s phosphates and fertilizers producer OCP is addressing the shortage in fertilizer on the African continent by offering 180,000 tons of customized fertilizers in donations and 370,000 tons at a reduced price to help many African countries secure their soil nutrients needs amid a surge of prices in the international demand. The fertilizers market has […]
Malawi’s Foreign Minister Ms. Nancy Tembo reiterated, Wednesday from Marrakech, her country’s “unwavering” support for Morocco’s territorial integrity and for the Autonomy Plan proposed to settle the Sahara issue. This came in a joint communique issued following a meeting between the Malawian Foreign Minister and her Moroccan peer Nasser Bourita on the sidelines of their […]
Hundreds of African and American businessmen are discussing in Marrakesh partnership projects in various sectors including agribusiness, finance, energy, fertilizers, health, mining infrastructure, ICT, security and creative industries. A large American delegation, led by Alice Albright, CEO of the Millennium Challenge Corporation (MCC), is taking part in the 2022 U.S.-Africa Business Summit, held in Morocco’s […]
The water stress faced by Morocco requires the adoption of complementary policies such as those recommended in the New Development Model (NMD), the World Bank Director of Operations for the Maghreb and Malta, Jesko Hentschel, said Wednesday. “Recent events have shown that technical solutions are no longer sufficient to protect the economy against climate shocks […]