First Independent Mena Newspaper
France-based power company Schneider Electric has signed a Memorandum of Understanding with Nigeria-based EM-ONE Energy Solution to build an industrial platform and create an indigenous manufacturing supply chain across the continent. The agreement aims to support Schneider Electric in optimizing project structuring; supporting the development of an industrial platform and ensure licensed manufacturing, the company […]
Namibia, which is hosting a two-day economic summit July 31 to August 1, expects to attract at least $1 billion worth of investments over the next two years. The summit, themed “Economic Revival for Inclusive Growth—Strengthening the Namibian House”, is expected to play a role in reviving the Namibian economy, creating jobs and attracting investments. […]
King Mohammed VI chaired, on Thursday in the integrated industrial platform “Atlantic Free Zone”, in the commune of Amer Saflia (province of Kenitra), the inauguration of the new French automaker PSA Peugeot plant worth €557 million. The group’s industrial project in Morocco is based on the creation of a complete automotive ecosystem. Construction work […]
Morocco offers European investors and businesses a gateway to the emerging African markets, said on Wednesday in Dublin Speaker of the Irish Parliament Seán Ó Fearghaíl. The Irish official made the remarks after signing with Moroccan peer Habib El Malki an agreement to boost cooperation ties between the two countries’ legislative institutions. Mr. Ó Fearghaíl […]
The suspects involved in the killing of two Scandinavian tourists in the High Atlas Mountains appeared on Thursday before a criminal court in the city of Salé (near Rabat). This is their last hearing before the court’s ruling. A total of 24 persons, including a Spanish-Swiss convert to Islam, are facing several charges including promoting […]
Participants at the 16th session of the China-Arab States Cooperation Forum, held Tuesday in Abu Dhabi, lauded the leadership role and efforts of King Mohammed VI, Chairman of the Al-Quds Committee, in defending the Holy City of Jerusalem and supporting the resistance of its inhabitants. In the recommendations issued at the end of the […]
Galvanoplast, a French group specializing in anti-corrosion surface protection, inaugurated on Wednesday an industrial plant in the industrial platform of Tanger-Med. This facility, the group’s first outside France, was made possible thanks to the progress of the Moroccan automotive ecosystem. The choice of Morocco was also dictated by the presence of car manufacturers Renault and […]
Chariot Oil & Gas has announced that the development of the Anchois Field, offshore Morocco, is technically feasible. Recent studies carried out at Anchois gas field, offshore Morocco, have shown that development of the project is “technically feasible,” the company said in a press release The key findings of the study, shared by the industrial […]
Fifteen out of 21 countries in the Common market for Eastern and Southern Africa, (COMESA) have established dedicated Road Funds and Road Development Agencies to undertake maintenance, and development of roads for both the regional and national road networks, COMESA said on its website. The announcement was made on the sidelines of the 11th […]
CDC Group, the British government’s overseas-investment arm, said it has invested $200 million in Morocco’s BMCE bank, which seeks to develop its activities on the African continent. The British group acquired nearly 5% in the bank’s capital after the investment, part of CDC’s plan to invest $4.5 billion in the African continent, the two institutions […]