Asia Finance Headlines International Maghreb Morocco

Moroccan, Japanese Banks sign partnership agreement on sideline of TICAD summit

Two of Morocco’s leading banking groups, Banque Centrale Populaire and Attijariwafa Bank, have signed partnership agreements with Japanese banking institutions, on the sidelines of the 7th Tokyo International Conference on African Development (TICAD-VII), currently held in Yokohama. Thus, Banque Centrale Populaire, BCP, and Japan’s second largest banking group Sumitomo Mitsui Banking Corporation (SMBC) signed, on […]

Asia Headlines International Maghreb Morocco

Japan tells participants in TICAD 7 it does not recognize Self-Proclaimed SADR

Japan has lately repeated once and again that it does not recognize the SADR, self-proclaimed by the Algeria-backed Polisario. Eager to make its position on the Sahara conflict heard by the international community, especially African leaders, Japan on Wednesday reiterated its official position: non-recognition of the self-proclaimed Sahrawi Arab Democratic Republic (SADR). Actually, Japan’s Foreign […]

Africa Asia Business Headlines International

Japan vows to boost private sector investment in Africa

Japanese Prime Minister Shinzo Abe on Wednesday said his country will offer enhanced trade insurance to boost private sector investment in Africa. Abe made the statement at the opening ceremony of the Tokyo International Conference on African Development opened in Yokohama on Wednesday. The meeting attended by a few dozen African leaders and representatives of […]

Asia Business Headlines International Maghreb Morocco

Japan reaffirms its rejection of separatism in Maghreb

Japan was the latest in a series of global powers that strongly reiterated their rejection of the Algerian-backed separatism in southern Morocco. The Japanese stance on the Sahara issue was expressed by Middle East and North Africa director at the foreign ministry Katsuhiko Takahashi who reaffirmed his country’s non-recognition of the Polisario self-declared SADR republic, […]

Asia Business Headlines International Maghreb Morocco

Japan’s Yokogawa opens subsidiary in Morocco

Japanese electrical and industrial automation company Yokogawa opened its African subsidiary in Casablanca in a bid to expand in Morocco and the continent.   In Morocco, the company targets industrial clients in the fields of energy and chemical, pharmaceutical, agri-food industries as well as waste and sewage water treatment.   The group generates a turnover […]

Asia Headlines International Maghreb Morocco

Japan reiterates support for Morocco’s territorial integrity

Japan reaffirmed its steady position on the Sahara issue making it clear that it has never and will never recognize the Polisario separatist entity. “Tokyo backs UN Security Council Resolutions,” said Japanese ambassador to Morocco Takuji Hanatani after talks with Lower House Speaker Habib El Malki.   Japan’s position on the conflict remains “unchanged”, insisted […]

Africa Asia Energy Headlines International

Japanese firm Mitsubishi joins Togo’s Cizo Off Grid initiative

In Togo, the Japanese firm Mitsubishi has indicated its interest in supplying off-grid energy in rural communities within the framework of the Cizo project launched in 2017. The Cizo project aims to provide electricity to 2 million Togolese by 2022 thanks to a set of 300,000 solar kits installed on both sides of the country. […]

Asia Business Headlines International Morocco

Morocco: Japan’s Mitsui Kinzoku Act lays for door latches production plant

Mitsui Kinzoku Act Tanger Maroc SARL, subsidiary of Mitsui Kinzoku Act has launched in Tangiers the construction of its latches production plant that enables the Japanese firm to position itself closer to its European market. The future plant located in Tangiers Free Zone Automotive City will cost the functional automobile parts manufacturer around €12.5 million. […]

Asia Business Egypt Headlines International

Egypt: Nissan gets approval to produce 100,000 export-oriented cars annually

Japan carmaker Nissan has received initial approval to produce 100,000 car units per year in Egypt, which targets car export to revive its vehicle production industry. Nissan will manufacture the car, jointly with state-owned carmaker El Nasr Automotive Manufacturing, Minister of Public enterprise, Hesham Tawfik told media. Majority of cars produced will be exported. Egypt […]

Asia Headlines International Morocco

Sahara: Tokyo Deals Hard Blow to Polisario Separatists & Their Allies

Japan’s top diplomat reaffirmed on Monday that his country’s government does not recognize the so-called “SADR”, which is armed, funded and sheltered by Algeria. At a press briefing held after meeting in Rabat his Moroccan peer Nasser Bourita, the Japanese foreign minister Taro Kono said his country’s position on the Sahara issue had been clearly […]