Emerging Markets Europe Headlines International Morocco Technology

Morocco, IAEA to bolster partnership in nuclear applications

Morocco’s National Center for Nuclear Energy, Science and Technology (CNESTEN) and the International Atomic Energy Agency inked two major partnership agreements in Vienna on Monday. The agreements were initialed by CNESTEN and IAE Director Generals, Hamid Marah and Rafael Mariano Grossi, on the sidelines of the Agency’s 68th General Conference. The first agreement concerns the […]

Business Headlines Morocco Technology

Maroc Telecom pays $630 mln in damages to Inwi

Telecom operator, Maroc Telecom, has paid 6.3 billion dirhams ($630 mln) in damages to its competitor Inwi after it was indicted by a court for anti-competitive practices. The fine represents 17% of the firm’s turnover and exceeds the 6.1 billion dirhams it made in profit last year. Fingers are pointing to Maroc Telecom’s CEO Abdesslam […]

Emerging Markets Headlines Morocco Technology

Launch of first Morocco-made nano-satellites for earth observation & radio communication

Two Moroccan nano-satellites, “UM5-EOSAT” and “UM5SAT-RIBAT”, have been launched lately by SpaceX on Falcon 9 rocket from U.S. Vandenberg Space Force Base in California. The launch of these two first satellites, weighing each 4kg, is the culmination of a long scientific cooperation set between Mohammed V University in Rabat, the National Centre for Scientific & […]

Business Emerging Markets Headlines International Morocco Technology

Morocco: Australia’s Worley to launch FEED work on Tarfaya green ammonia project in Sept. 2024

Australian company Worley has announced that its Front-End Engineering Design (FEED) work on a green ammonia project in Morocco will be launched in the third quarter of 2024. In its annual report released Tuesday, Worley said the Tarfaya project, the world’s first Power-to-X green ammonia program, includes a transmission grid, hydrogen and ammonia plants and […]

Egypt Emerging Markets Headlines Technology

WIPO: Egypt in the top 100 global science and technology clusters

Egypt has secured the 95th rank in the top 100 science and technology clusters in the 2024 Global Innovation Index. This recognition positions Cairo as the only North African cluster on the list, according to the World Intellectual Property Organization (WIPO) report. The report noted that from 2019 to 2023, Cairo filed 166 patent applications […]

Africa Emerging Markets Headlines International Technology

Kenyan Esther Kimani wins 2024 Africa Prize for Engineering Innovation

The Africa Prize for Engineering Innovation 2024 has been awarded to Kenyan Esther Kimani for her innovative early detection system for crop pests and diseases. This breakthrough will help small-scale farmers improve yields and protect their crops. Awarded by the Royal Academy of Engineering, the prestigious “Africa Prize for Engineering Innovation” recognizes innovative engineering solutions […]

Asia Business Emerging Markets Energy Headlines International Morocco Technology

South Korea’s LG considers EV battery factory in Morocco

South Korea’s LG Energy Solution (LGES) considers setting up a factory to make key electric battery component cathodes together with Chinese firms in Morocco, where numerous EV battery factories are under development. Wonjoon Suh, head of LGES’ advanced automotive battery division, told Reuters the company is negotiating partnerships with Chinese LFP cathodes makers, who produce […]

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Nigeria fines Meta $220 million for breaching data law

Nigerian authorities fined Meta, the mother company of Facebook, whatsApp and Instagram, 220 million dollars for breaching consumer and data protection laws as well as abusing its position as market leader. The fine was announced following a 34-month investigation by Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC). Meta is also accused of sharing Nigerians’ […]

Emerging Markets Headlines International Morocco Technology

U.S. Tech Group Oracle to open two cloud regions in Morocco

A partnership agreement providing for the opening of two Oracle Cloud regions in Morocco was inked, Wednesday in Marrakech, between the U.S. technology group Oracle and the Moroccan ministry of Digital Transition and Administration Reform, the ministry of Investment, Convergence and Evaluation of Public Policies, and the Moroccan Agency for Investment and Export Development (AMDIE). […]

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Marrakech hosts Morocco-USA Venture Capital Forum

Marrakech hosted on Monday and Tuesday a Morocco-USA Venture Capital Forum, organized by the United States Embassy in Rabat, in collaboration with the US government initiative “Prosper Africa”. The forum, the first of its kind between the two countries on venture capital, brought together 25 of the most promising startups in the North African Kingdom. […]