Africa Business Headlines International

Côte d’Ivoire to have its first cocoa processing plant

The foundation stone of the first cocoa processing plant in Côte d’Ivoire was laid Thursday in the port city of San Pedro. The plant is expected to process half of the country’s cocoa production. The plant, funded by regional financial conglomerate Atlantic Bank Group, will cost around €111 million and will stretch over 9 hectares […]

Africa Headlines International

Chad suspends seven political parties for three months

Chad Thursday suspended for three months seven political parties accused of disturbance of public order and security that may undermine the security of the State and the proper functioning of republican institutions, following bloody clash between security forces and demonstrators protesting the extension of the transition. The suspension targets Les Transformateurs, Front Populaire pour la […]

Headlines Tunisia

Tunisia: Smuggling attempt of 18 antique artifacts foiled

Tunisian customs busted Thursday an attempt to smuggle 18 artifacts in the coastal town of Skhira, in the Sfax governorate. The customs detained a Tunisian citizen who was about to leave the country carrying 18 antique pieces, banned for trading, aboard a van heading to capital Tunisia. The suspect told authorities he was commissioned by […]

Business Europe Finance Headlines International Morocco

Rabat & Berlin agree on €242 Mln cooperation program for 2023

Morocco and Germany have agreed on a €242 million cooperation program to be carried out in 2023, focusing on green energy, sustainable economy, employment and reforms. The joint program has been unveiled following talks held Oct.18-19 in Berlin between the two countries which turned a new page in their relations after resolving their diplomatic row […]

Europe Headlines International Morocco

Sahara: Belgium describes Morocco’s Autonomy Plan as good basis for resolving the issue

Belgium has joined the chorus of European countries that clearly support the Morocco-proposed autonomy plan, saying it considers the plan, presented in 2007, as “a good basis for a solution accepted by the parties” regarding the Sahara issue. This stance was expressed in a joint statement issued in Rabat Thursday after talks between the Belgian […]

Business Headlines International Morocco

Morocco’s experience in the preservation of marine resources presented in conference in Eilat

Morocco took part in the 1st international conference on sea and desert food production technologies, held in Eilat, Israel October 18 to 20, with the participation of representatives from many countries, including 10 ministers and deputy ministers from around the world. During the conference, Director General of the National Fisheries Research Institute (INRH), Abdelmalek Faraj, […]

Europe Finance Headlines International Morocco

EIB provides Morocco’s exporting SMEs financial backstop to step up competitiveness

The European Investment Bank (EIB) has pledged to guarantee loans extended to Moroccan exporting SMEs operating in the automotive, textile, agro-industry and agricultural sectors. An agreement was signed Wednesday in Casablanca with Morocco’s Banque Centrale Populaire (BCP) to enable SMEs to get funding to modernize their operations, reduce CO2 emissions, expand working site, and increase […]

Africa Headlines International

Making the most of AfCFTA: African businesses bullish on the deal’s benefits

The African business community has maintained its bullish outlook on the benefits of the African Continental Free Trade Area (AfCFTA), as it weathers global instability, mainly due to the Russia-Ukraine war and the after-effects of the COVID-19 pandemic. African business advocacy group the Pan-African Private Sector Trade and Investment Committee (PAFTRAC) has published the results […]

Business Headlines International Morocco

Morocco’s OCP Group inaugurates state-of-the-art fertilizer blending plant in Nigeria, its first on the continent

The OCP Group has inaugurated in Kaduna, Northern Nigeria, a state-of-the-art fertilizer blending plant, its first on the continent. Extending over 10 hectares, this facility houses a blending unit with a production capacity of 120 tons per hour; a 25,000-ton storage unit; a modern training center dedicated to the various partners; a laboratory equipped with […]

Headlines International Morocco

Morocco-UAE defense cooperation discussed in Rabat

Cooperation between Morocco and the United Arab Emirates in the field of defense, exchange of experience and the setting up of joint defense industry projects was discussed at meetings in Rabat Wednesday. The first meeting gathered the Minister in charge of National Defense Administration Abdellatif Loudiyi and Chief of Staff of the UAE Armed Forces […]