First Independent Mena Newspaper
The Permanent Secretary of the Academy of the Kingdom of Morocco, Abdeljalil Lahjomri, won the Grand Prix de la Francophonie awarded by the French Academy. The prize, part of the 2019 list of 64 prizes and medals granted by l’Académie Française, was awarded to M. Lahjomri, ex-aequo with the Czech poet Petr Kral. […]
The world’s leading manufacturer of sensor and communication systems, TE Connectivity, opened its second factory at Tangier Automotive City this week. The new plant will support the company’s commercial and industrial transport solutions in Europe, Africa, and the Middle East (EMEA region). The Suisse-based company, which had a single distribution center in Morocco in 2012, […]
The official opening of French car manufacturer PSA plant in Kenitra bolsters Morocco’s place as an African industrial hub offering international investors sound infrastructure, macro-economic and political stability, qualified work force and competitive ports. Morocco unseated South Africa last year from the top of the podium of African car producers. The North African country produced […]
The European Council has welcomed the renewed impetus in EU-Morocco relations, saying it looks forward to the upcoming EU-Morocco Association Council. In their conclusions adopted at the end of the European Summit convened in Brussels, the European leaders underlined that they looked forward to the upcoming EU-Morocco Association Council. The heads of State and government […]
King Mohammed VI chaired on Thursday in the province of Kenitra the inauguration ceremony of the French PSA group’s ecosystem in Morocco, a project that required a €280 million investment and that confirms the thriving car industry in the North African Kingdom. On this occasion, the Sovereign inaugurated the PSA group’s new plant, expected produce […]
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 […]
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 […]
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 […]
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 […]
The European Commission announced this Wednesday the extension of the Bêkou Trust Fund for the Central African Republic (CAR) until the end of 2020. The Bêkou Trust Fund (meaning “hope” in Sango) was created in July 2014 to address the political and security crisis of 2013 in CAR and remains a critical instrument to […]