Emerging Markets Europe Finance Headlines International Morocco

EBRD contributes €65 Million for expanding capacity of Ports of Casablanca, Jorf Lasfar

The European Bank for Reconstruction and Development (EBRD) will contribute €65 million to fund projects aimed at expanding the capacity and optimizing the operations of the multipurpose terminals of the ports of Casablanca and Jorf Lasfar. The financing agreement was signed by EBRD President Odile Renaud-Basso and Managing director of Morocco’s port management company, Marsa […]

Europe Headlines International Morocco

French Club PSG sets up Football Academy in Morocco

French football club, Paris Saint-Germain (PSG), has set up an academy in Casablanca, Morocco, to foster further the club’s sporting ties with Moroccan youth. The academy’s inauguration is set for September 2024, said PSG in a press release. The bond between PSG and Morocco is built on a shared passion for football and Moroccan defender […]

Europe Headlines International Morocco

UK Global Ports Holding, Preferred Bidder for Management of Casablanca Cruise Terminal

A consortium led by UK’s Global Ports Holding, the world’s largest independent cruise port operator, has been awarded by Moroccan authorities “preferred bidder status” to operate the Casablanca new cruise terminal. Besides GPH, which owns 51% of the consortium, the selected group includes local shareholder, Steya (40%) and Spanish Ocean Infrastructures Management (9%). After becoming […]

Headlines Morocco

King Chairs Religious Vigil Commemorating Laylat Al-Qadr in Casablanca’s Hassan II Mosque

King Mohammed VI, Commander of the Faithful, accompanied by Crown Prince Moulay El Hassan, Prince Moulay Rachid, and Prince Moulay Ismail, chaired, on Saturday at the Hassan II Mosque in Casablanca, a religious vigil commemorating the blessed Laylat al-Qadr. After the Isha and Taraweeh prayers, verses from the Holy Quran were recited by the child […]

Headlines Morocco

King inaugurates two medical projects in Casablanca to improve access to healthcare

King Mohammed VI laid, on Tuesday, the foundation stone for a community medical center and launched the 2nd Stage of a connected mobile medical units program in Casablanca. The two projects reflect the King’s commitment to strengthen the national healthcare system, improve medical services for citizens, consolidate community healthcare services, promote the access of populations, […]

Americas Headlines International Morocco

Morocco: Police seizes 1.37 tons of cocaine in Casablanca

The Moroccan police found 1.370 tonnes of cocaine in a fish distribution company in Casablanca, in one of the major catches in the country.   The banned substance was found when a fish distribution company alerted the police to the existence of the white powder, the police said in a statement.   The Moroccan police […]

Business Emerging Markets Energy Headlines

UK Aterian Mining Company Finds High Grade Silver in Morocco

The London-based mining company Aterian announced on Monday it discovered high grade silver in its geological reconnaissance operations conducted in its Jafra project located 35 km northeast of Marrakech. The Project is one of 15 copper, silver and base metal projects owned by Aterian, covering a total area of 762 km2 in Morocco. It lies […]

Africa Business Features Finance Headlines International

Wealth Report 2023 confirms that ’Africa is not poor but impoverished’

Not all Africans are poor — this could arguably be the main message from the 2023 edition of the annual Africa Wealth Report by London-based Henley & Partners that reveals that the ‘Big 5’ wealth markets in Africa — South Africa, Egypt, Nigeria, Kenya, and Morocco — together account for a significant 56% of Africa’s […]

Business Emerging Markets Headlines Morocco

Moroccan companies bid to build Casablanca’s desalination plant

Morocco’s water department plans to announce the company that would build Casablanca’s desalination plant by year’s end, water and equipment minister Nizar Baraka said, adding that the competing companies include Moroccan ones. Consecutive droughts emptied many Moroccan dams pushing the government to invest in desalination to free dam water for inner regions. By 2030, Morocco […]

Headlines Morocco

Moroccan International Teaching Hospital Mohamed VI conducts mandibular surgery with 3D printed titanium prosthesis

The international Teaching Hospital Mohamed VI in the Moroccan city of Bouskoura, near the city of Casablanca, has carried out a mandibular surgery using 3D printed titanium prosthesis, an unprecedented surgery using such a technology. The surgery took place on September 15 and was carried out by Prof. Kounimba Coulibaly on a female patient suffering […]