Morocco welcomed the adoption by the UN Security Council of resolution 2654 extending the UN mission in the Sahara (MINURSO) for another year and urging the real parties to the conflict including Algeria to act in good faith towards a realistic solution based on compromise. The position was expressed by the Moroccan foreign ministry in […]
Year: 2022
Automotive industry: US company Lear opens new plant in Meknes
The American group specializing in the manufacture of automobile seats and electrical and electronic systems has inaugurated a new factory in Meknes that adds to the 15 units the US group already operates in Morocco. The new site, which required an investment of $18.3 million (200 Million DH), was built on an area of 54,000 […]
King Mohammed VI hails Morocco-UK solid friendship, fruitful cooperation
King Mohammed VI has hailed the solid friendship and fruitful cooperation binding Morocco and the United Kingdom in a message of congratulations he addressed to Rishi Sunak on his appointment as Prime Minister, following his election as head of the Conservative Party. In his message, the Sovereign expressed to Rishi Sunak his best wishes for […]
5+5 Defense Initiative: Army Chiefs pledge from Rabat to foster cooperation against common threats
The chiefs of staff of the armies of member countries of the “5+5 Defense Initiative” approved on Thursday in Rabat their joint action plan set for 2023 and pledged to enhance further cooperation in the fight against illicit trafficking, clandestine migration, terrorism and marine pollution. During their 14th meeting convened under the chairmanship of Morocco, […]
Sahara: UN Security Council extends MINURSO mandate for one year
The United Nations Security Council extended the mandate of the UN mission in the Sahara, MINURSO, for one year, while enshrining, once again, the preeminence of the Moroccan autonomy initiative to resolve the regional dispute. The renewal of the MINURSO mandate came in Resolution 2654, adopted Thursday by the UN Security Council. The Security Council […]
COVID-19: Morocco extends state of health emergency until November 30
The Moroccan Government decided Thursday at the cabinet’s weekly meeting to extend the state of health emergency until November 30, 2022, to continue to ensure the effectiveness and efficiency of measures taken by public authorities to stem the spread of the Covid-19 pandemic. The Government Council examined and adopted a draft decree, presented by the […]
Gas bonanza may help Algeria gain time to delay catastrophe, but for how long?
Algeria has announced painful reforms including subsidies cuts on which the social peace hinges to try to save its crumbling finances, but all the reforms have vanished as the oil and gas bonanza offer the regime space to gain time and delay reforms as the country heads straight to economic collapse. Before the Russia-Ukraine war […]
Egypt: Increase of minimum wage in public service to address rising cost of living
Egypt has increased the minimum wage in the public sector from 2,000 Egyptian pound ($101.3) to 3,000 in a move to help workers surf the increase in the cost of living, reports say. Prime Minister Mostafa Madbouly who announced the decision said the government will pay an exceptional bonus of EGP 300 for employees in […]
Six megatrends that are forging mid-21st century Africa — USAID/BCG report
There are six megatrends in Africa that, if navigated successfully, could help in advancing the continent’s social and economic progress, a research funded by the USAID Mission to the African Union and conducted by Boston Consulting Group (BCG) has found. The world has seen many emerging economies parlay their young populations and entrepreneurial spirit into […]
Ethiopia to establish its own stock exchange as the nation’s economy opens up
At least 50 companies are expected to list on the Ethiopian Stock Exchange (ESX), set to launch in two years, which will provide a platform for the privatization of the country’s state-owned enterprises. Three months ago, Ethiopia announced it was in the process of establishing a stock market signaling a window of opportunity for cross-listing. […]









