First Independent Mena Newspaper
The European Bank for Reconstruction & Development has approved a €9.7 Million loan to Fondation Albaraka, one of the largest microfinance institutions in Morocco for on-lending to local micro enterprises. Access to finance through banks remains extremely limited for micro, small and medium-sized enterprises (MSMEs) in Morocco. The EBRD funds will offer much-needed support for […]
Laureate Education, a Baltimore-based company, said it will sell its university in Morocco, Université Internationale de Casablanca, for $53.6 mln to KMR Holding Pédagogique, a company that owns the Private University of Marrakech and invests in education in west Africa. The Université Internationale de Casablanca, which opened in 2010, is one of the few state-recognized […]
Morocco forsees growth to slow to 2.8% in 2018, down from 4% in 2017 as rainfall uncertainties haunt the agricultural output. The figures released by Morocco’s statistics office (HCP) show that Morocco’s growth remains vulnerable to the performances of the agricultural sector. According to the same agency, non-agricultural activities would increase slightly from 2.8% in […]
The European Commission seems set to renew the fisheries agreement with Morocco, which will expire in July 2018. The Commission has asked the European Council for a mandate to start negotiations with Morocco on the deal, which enabled, since 2013, 120 vessels from 11 EU countries to fish off Moroccan coasts. In 2017, both EU […]
Morocco and South Africa showed converging views on addressing migration challenges in Africa following an approach permeated by south-south cooperation and solidarity. South Africa’s Foreign Minister Nkoana-Mashabane told the press, on the sidelines of her participation at the Ministerial Conference for an African Agenda on Migration held in Rabat on January 10, that her country […]
Over Twenty African ministers and government officials met Tuesday in Rabat (Morocco’s capital) to harmonize African countries’ stands and vision regarding the issues related to migration. The African Union ministerial conference aimed to work out an African agenda on migration, based on an inclusive and participative approach. Participants agreed on the shared responsibility to tackle […]
Morocco has awarded French VINCI Construction company a €284 million contract for building a pumped storage hydroelectric plant (PSP), located 70 km from Agadir. The project is part of the North African Kingdom’s plan to develop and integrate renewable energies. The contract covers construction surveys, civil engineering works, supply of materials and pumping equipment, assembly, […]
Morocco ranked first in the list of Spain’s suppliers with fruits and vegetables with exports totaling €462.3 million up to October 2017, FEPEX, the Spanish federation of fruits and vegetables producers, said. Morocco exports of agricultural products grew 36% compared to the same period in 2016, FEPEX noted. The Spanish federation highlighted the upward trend […]
UK-based SDX Energy has decided to abandon the ELQ-1 well in the Gharb Center permit, northwestern Morocco, after failing to achieve desired results from a drilling campaign. Drilled to a total depth of 1,484m, the well has encountered 22.6 net meters of reservoir interval and two meters of marginal net conventional gas pay in the […]
The participants in the International Rally-Raid, Africa Eco Race, ignored the threats and injunctions of the Polisario and crossed safely the Guerguarat crossing post at the Moroccan-Mauritanian border this Monday (January 8). During the crossing, under the watchful eye of the MINURSO, participants who came from the city of Dakhla, were brandishing posters stating the […]