First Independent Mena Newspaper
Morocco topped the podium of the biggest car producers in the African continent, outpacing South Africa, the Wall Street Journal reported. In 2017, Morocco’s two leading car factories in Tangier and Kenitra achieved a joint output of 376,000 cars, worth 70 billion dirhams. In South Africa, only 331,000 cars were made the same year. Between […]
Faced with the prospects of a “no Brexit deal” with the European Union, the United Kingdom looks forward to strengthening its trade relations with Africa, and particularly with English speaking African countries like South Africa, Nigeria and Kenya. Prime Minister Theresa May started Tuesday a three-day African tour that will lead her to these three […]
The Algerian Space Agency (ASAL) and the British firm Wisscom Aerospace Ltd have signed a partnership agreement, to boost the national space technology capacities of the North African nation, ASAL said in a statement. According to the statement, Wisscom Aerospace Ltd together with Spanish company Zero 2 Infinity, specializing in aerospace engineering, will “co-develop space […]
South Africa’s election to the UN Security Council is a chance for the rainbow country to bridge the gap between the Council and the African Union but its support for the separatist SADR entity puts Pretoria at odds with leading African countries, The Globe and Mail, a South African paper, said. Citing an expert from […]
The inroads of Morocco’s economic diplomacy in Africa are inspiring leaders in South Africa, which aspires to follow suit through the launch of an African policy to strengthen economic ties with the continent. The move was announced by South Africa’s Foreign Minister Lindiwe Sisulu, in an attempt to break away with the unfruitful political rhetoric […]
Morocco’s automotive sector was the largest in Africa in 2017 with an output of 345,000 cars, surpassing South Africa’s production of 331,000 cars, South African business news outlet, IOL, said. “Morocco posed a threat to South Africa’s automotive industry because it was about 16km from Europe and focused on that market rather than sub-Saharan Africa,” […]
The Polisario has incurred a new setback in its legal maneuvers against Morocco after the Kingdom’s phosphate company, OCP, restored ownership of a 55,000 tons of phosphates rock unlawfully held in South Africa following a legal challenge by the Polisario. The cargo on board Cherry Blossom was seized in South Africa since May 2017 after […]
Cherry Blossom vessel, loaded with 55,000 tons of Moroccan phosphates, which has been illegally seized by South African authorities since May 1, last year, has just left the South African territorial waters and her cargo has been returned to its legitimate owner, Morocco’s phosphates company, OCP. It all started last May, when a South African […]
ape-Town based insurer Sanlam said it will fully acquire Morocco’s SAHAM group insurance business in Africa in a $1.05 billion deal. The deal will give Sanlam access to SAHAM’s 26 markets across North Africa, the Middle East and West Africa and builds on its business that spans 11 African countries, India and Malaysia. SAHAM Finances, […]
As was expected, a high court in South Africa delivered a politicized verdict giving ownership of the 50,000-ton Phosphate cargo on board bulk carrier Cherry Blossom to the Polisario separatists. Bound for New Zealand, the ship was held in Port Elizabeth for almost a year after the Polisario challenged the legality of the transaction in […]