Business Headlines Morocco

Morocco’s phosphates sales up 81% by July

Morocco’s trade balance continues to benefit from higher prices of phosphates and derivatives with sales up 81% to 68.7 billion dirhams by July, the foreign exchange office said. Morocco, which has the world’s largest phosphates reserves, has positioned itself as a major fertilizer producer expanding its market share in the wake of the export restrictions […]

Finance Headlines Morocco

Morocco receives over $5.4 billion in remittances

Remittances flows to Morocco reached more than $5.4 billion during the first seven months of 2022, against $5.1 billion recorded the same period of last year. According to latest data released by the Foreign Exchange Office, money transfer operations made by Moroccan Diaspora during the past months increased by 7.4 pc compared to the same […]

Business Europe Headlines International Morocco

Tourism: TUI Group ready to enhance its presence & investments in Morocco

TUI Group, one of the global tourism leaders, has voiced readiness to strengthen further its presence in Morocco and step up investment in the North African Kingdom. At a meeting held Thursday in Rabat with Head of Moroccan Govt. Aziz Akhannouch, TUI chief Sebastian Ebel said the German travel giant is upbeat over the growth […]

Africa Headlines International Morocco

African Parliaments: Morocco joins Executive Committee of Association of Secretaries-General

Morocco was elected member of the Executive Committee of the Association of Secretaries-General of African Parliaments (ASGAP) on the sidelines of the ongoing proceedings of the standing committees of the Pan-African Parliament (PAP), held in Midrand, South Africa. With this election, which took place on the eve of the 11th Conference of Presiding Officers of […]

Finance Headlines Morocco

Morocco to raise wages of private sector employees

Workers in the private sectors will benefit from a 10% wage hike within the next two years, while the minimum salary in the agricultural sector will be raised by 10% starting this month, the government announced on Thursday. The move marks the implementation of social dialogue deals announced last May between the government and major […]

Africa International

Ozone pollution: scientists look to solve hidden threat to Africa’s food security

The ozone gas can cause substantial losses by quickly aging crops before they reach full production potential and scientists are particularly worried about Africa, which will see more vehicle traffic and waste burning as the population is set to double by mid-century. More vehicle traffic and waste burning means more ozone pollution, a major challenge […]

Energy

Nigeria’s NNPC adopts Saudi Aramco’s security model to curb oil theft

Nigeria has decided to adopt the security infrastructure similar to that of Saudi Arabia’s oil giant Aramco to protect its oil pipelines and curb theft. According to the CEO of the Nigerian National Petroleum Company (NNPC), Mele Kyari, the new security architecture would be unveiled soon and help to curb massive oil pipeline vandalism that […]

Business Emerging Markets

Start-ups are eyeing Kenya as African e-mobility hub

E-mobility start-up Roam recently partnered with M-Kopa, a Nairobi-based clean energy financier, to provide thousands of e-motorcycles to riders in Kenya, after becoming the first startup in the country to convert petrol-powered motorbikes to electric last year, starting with a fleet of 100. “This is one of the biggest leaps for electric mobility in Africa,“ […]

Africa International

Dozens of civilians killed in April by Malian army & Foreign Troops’ — UN report

At least 50 civilians, including a woman and a child, were killed and more than 500 arrested during a military operation conducted by Mali’s army and “foreign troops” on 19 April, the United Nations’s peacekeeping mission MINUSMA said in a report published on Wednesday (31 August). The alleged massacre took place on market day in […]

Africa International

Abidjan-based Nangui Abrogoua University, CERFAM ink research collaboration deal to tackle malnutrition, anger

Nangui Abrogoua University (UNA) in the Ivory capital Abidjan and Regional Center of Excellence against Hunger and Malnutrition (CERFAM), signed Tuesday an agreement to promote innovative researches aiming at implement new strategies to identify and promote policies and strategies to fight hunger, combat all forms of malnutrition and promote sustainable food systems in Africa, Abidjan.net […]