First Independent Mena Newspaper
Morocco’s leading telecommunications group Maroc Telecom or IAM seems upbeat about its growth in 2014 as the financial results for the first half of the current year showed a slight increase compared to the same period last year. The company’s turnover actually reached 14,564 Billion Moroccan dirhams to 14,468 Billion during the same period of […]
Morocco’s leading telecom operator, Maroc Telecom, will acquire six African subsidiaries of its new majority shareholder UAE Etisalat for $ 650 million. By acquiring Itisalat branches in Benin, Côte d’Ivoire, Gabon, Niger, Central African Republic and Togo, the Moroccan operator will expand its activities in the continent and become a genuine telecom “hub” in French-speaking […]
Morocco which boasts a genuine growth potential in addition to its political and economic stability can serve as a launching pad for U.S. investors wishing to operate in sub-Saharan Africa. The statement was repeated as a leitmotiv by several US and Moroccan officials and economic operators who were attending the second US-Morocco business development conference […]
King Mohammed VI of Morocco who is on a four-nation tour in Africa, the second in less than a year, launched on Monday a heartfelt call for boosting inter-African cooperation, rebuilding Africans’ trust in their own potentials, overcoming Afro-pessimism and unleashing the continent’s intellectual and material potential. “Africa should learn to trust Africa… and African […]
Morocco’s Phosphates group, OCP, is about to complete the construction of a fertilizer plant in Jorf Lasfar (110 km south of Casablanca) whose entire output will be destined to the African market. The plant, costing about $ 600 million, is expected to produce one million tons of fertilizers per year that will be wholly exported […]
King Mohammed VI of Morocco who started on Tuesday a visit to Mali, first step of a four-stop Africa trip that will also take him to Guinea, Côte d’Ivoire, and Gabon will undoubtedly try to give a new momentum to dialog between the Bamako government and the Tuareg rebels, part of his ceaseless efforts and […]
Mauritania and Morocco were the only two Maghreban countries that took part in the international maritime security cooperation exercise organized lately off the Mauritanian and Senegalese coasts. This regional naval drill, dubbed “Saharan Express 2013”, aims to enhance maritime security and improve communication cooperation between the U.S., West African countries and their key European partners. […]
The current African tour undertaken by King Mohammed VI of Morocco is taking place in a particular juncture marked by the war in Mali and the growing activity of Al Qaeda affiliated groups in the Sahel-Sahara strip. The situation in Mali will thus be a focal issue in the talks the Moroccan King will successively […]
Moroccan real estate group Alliances Développement Immobilier (ADI) has won a housing deal under which it will build some 7000 dwellings in Côte d’Ivoire, mainly in capital city Abidjan and surrounding areas. The deal related partnership agreement was signed earlier this week in the World Bank headquarters in Paris on the sidelines of the meeting […]
The International Organization for Migration (IOM) has launched an appeal to aid donors to raise $ 800,000 to enable the intergovernmental organization provide reintegration support to up to 1,000 stranded Sub-Saharan African migrants who want voluntarily to return to their home on flights provided by the Moroccan government. The IOM assistance will be provided to […]