First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) approved on Thursday a $100 million loan to Moroccan “Banque Centrale Populaire (BCP) to support local small businesses affected by the coronavirus pandemic. The loan is the second to the country under the EBRD Solidarity Package, set up to meet the immediate short-term financing needs of existing […]
Germany will extend Morocco loans and grants worth €701.3Mln within the framework of financial and technical cooperation between the two countries. Three agreements related to the funding were signed Wednesday in Rabat by Minister of Economy and Finance Mohamed Benchaaboun, and Germany’s Ambassador to Morocco Götz Schmidt-Bremme. The agreements reflect the excellence of cooperation relations […]
A joint operation by Moroccan and Spanish police led to the arrest of 28 people suspected of trafficking in endangered wild birds and the seizure of about 300 exotic birds exported from southern Spain to North Africa. The announcement was made lately by the Spanish Civil Guard, which opened an “Oratrix” investigation aimed at combating […]
Policemen on Wednesday arrested two people, including a Mauritanian national, for their alleged involvement in illegal immigration and human trafficking activities. The two suspects, aged 37 and 38, were arrested in the southern city of Laayoune, National Police (DGSN) said in a release, adding that a search carried out at a home located in Al […]
Several Sahrawi human rights & development NGOs operating in the Moroccan Sahara have hailed the freedom, which is governed in Morocco by an evolving and credible institutional and legal framework. In a letter sent to the UN High Commissioner for Human Rights Michelle Bachelet, 925 NGOs said: “as local Sahrawi organizations operating freely on their […]
Like other airlines across the globe, the coronavirus pandemic has disrupted the plans of Moroccan airline plans for regional expansion pushing it to cut staff, axe routes and adopt painful austerity measures. The company plans to lay off 750 employees including 150 pilots, in a move that is met with fierce resistance from unions. The […]
Morocco’s competition council will unveil this week a heavy fine against fuel distributors that amount to 10% of their turnover for uncompetitive practices, local Moroccan media reported. Citing a source close to the matter, le360.ma said the fine could amount to 4 billion dirhams ($400 million). The council’s board will meet on Thursday to make […]
The American beverage giant Coca Cola has appointed Moroccan Mehdi Alami as the new General Manager of its kingdom-based franchise. Alami has been in the company for more than 12 years and occupied several strategic positions, including Customer and Commecial Leadership Director Morocco & Mauritania. The 41-year old man will, in his new role, have […]
Morocco strives to improve its competitiveness in order to outperform India and China as the most attractive hub for automotive investments, Industry Minister Moulay Hafid El Alamy said. Morocco has offered propitious conditions for car manufacturers and part suppliers in key industrial clusters in Tangier, Casablanca and Kenitra. Building on its investments in low-carbon economy […]
Maroc Telecom Group has said that its customers continue to grow (up 9.1 pc year-on-year), reaching 68.4 million during the first half of 2020. This increase is due partly to the consolidation of Tigo Chad into the Group’s since July 1, 2019. As of June 30, 2020, its mobile customers reached 19.6 million, up slightly […]