Gulf’s third largest Islamic bank, Qatar International Islamic bank has received a nod to start operation in Morocco.
Morocco’s Central Bank has approved five requests to open participative banks and allowed three banks to sell participative products in the northern African country.
Moroccan billionaire Othman Benjelloun was ranked first in Morocco in Forbes’ 2016 list of the richest people in the Arab world. With a fortune estimated at more than $1.9 billion, the Moroccan businessman and investor also ranked as the 19th richest people in the Arab world
Atlas Hospitality and FTI Group have set up a joint venture aiming at investing $108 million in the Moroccan hospitality industry.
Kenya, Nigeria and Morocco are the fastest growing reinsurance markets in Africa, driven by the size and diversity of their economies, a young and growing population and advanced regulatory regimes, Dr. Schanz, Alms & Company said in its yearly survey
Morocco has announced that it will issue the first government backed sukuk commonly referred to as Islamic bonds before the end of next year as the North African country seeks to widen the revenue to support government project.
Aware of the unprecedented impetus of African economies and of the potential offered by the various national and sub-regional markets, Moroccan and French companies are demonstrating new ambitions in Africa, which are expressed in their development strategies on the continent.
Orange, one of the world’s leading telecommunications operators, has announced the launch of the Orange brand in Morocco, where it will replace the Méditel brand.
[Morocco] Heirs Holdings and Banque Centrale Populaire in deal to scout for investment opportunities in Africa
Leading Morocco bank Banque Centrale Populaire and African proprietary investment company Heirs Holdings have signed a Memorandum of understanding to collaborate on investing, co-financing, and exchange of information encouraging the identification of mutually beneficial investment opportunities across Africa.
The World Bank Group and Ithmar Capital, a Moroccan Sovereign Investment Fund, have entered into a Memorandum of Understanding relating to the establishment of a Green Growth Infrastructure Facility for Africa (GGIF Africa), the first pan-African fund dedicated to green investment in the continent.
Nigeria and Morocco have signed a joint venture to construct a gas pipeline that will connect the two nations as well as some other African countries to Europe, Nigeria's minister of foreign affairs said on Saturday.
Commercial exchanges between Cameroon and Morocco have risen to a record $98 million this year in what is being attributed to cordial relations between the two countries according to statistics from the Chamber of Commerce, Industries, Mine and Arts (CCIMA) of Cameroon.
A Belgian conglomerate will construct Africa’s first automated container terminal in Africa at Tangier MedPort, according to an announcement by APM Terminals – the Dutch company charged by the Moroccan government of overseeing large sections of the coastal area’s trade capacity development.
Oil and gas multinational BP has been ordered to pay National Bank of Abu Dhabi over $68 million following the abrupt closure of SAMIR, Morocco’s sole refinery in August 2015.
Siemens, PEPS, and NST have signed an agreement to assist Morocco produce electricity through solid waste as the country looks to embracing renewable energy as part of its 2030 vision.
Morocco has signed an agreement with Ethiopia to build a giant fertilizer unit aimed at making Addis Ababa self-reliant in fertilizer by 2025.
A Saudi based company has won the tender to develop the fourth phase of Noor Ouarzazate solar complex located in the Souss-Massa-Drâa area in Morocco.
The World Bank (WB) has announced the launch of $100 million in World Bank green bonds purchased by Bank Al-Maghrib, the Central Bank of Morocco, for its reserves management.
French telecom operator Orange is set to take over Morocco’s second largest telco Meditel before year end as Orange seeks to expand its foothold in the North African country.
The Moroccan government has set aside $510 million for the Kenitra Atlantic port project as it seeks to modernize operations at the port.
Petroleum company Vivo Energy has installed a rapid battery charging station for electric cars at a Shell station in between Casablanca and Marrakesh in Morocco.
France, United Arabs Emirates and Spain are the largest sources of foreign direct investment in Morocco depicting a changing landscape in recent years according to a recent study released by the Moroccan government.
A project targeting young entrepreneurs with innovative ideas aimed at creating solutions to today’s environmental challenges has attracted the attention of start ups and entrepreneurs with 22 companies having embraced it so far.
In what is meant to cement business and bilateral relations between Tanzania and Morocco, the two countries have signed 21 partnership agreements in areas like aviation, tourism, agriculture and oil and gas among others.
Morocco is losing up to $4 billion in untaxed revenue every year to the approximated 1.68 million informal economic operations it hosts.
World economic index provider Standard and Poor’s has graded Morocco’s economy as stable in what it attributes to forecasted improvement in the country’s external and fiscal deficits, coupled with the benefits of the two year low oil prices unlike its North African peers.
A memorandum of understanding was signed earlier this month in the Moroccan capital Rabat between Abderrafie Zouiten, director-general of the Moroccan National Tourist Office and Suparerk Soorangura, president of the Thailand Travel Agents Association.
Export data pulled from the International Trade Administration (ITA) shows that average US exports to Morocco have more than tripled since the US-Morocco Free Trade Agreement (FTA) went into effect just over a decade ago.
On the 17th of May 2016 a high-profile public-private delegation from Morocco will visit the Netherlands and attend the Morocco Business Event 2016.
The highest in Africa the 250-meter-high tower will integrate state-of-the-art technologies for improved energy efficiency in line with Morocco’s commitments to sustainable development.
Royal Air Maroc, the Moroccan national airliner, is set to commence the first intra-Africa route to serve the Accra-Monrovia-Freetown corridor.
Luxury hotel brand Fairmont Hotels & Resorts and Abu Dhabi-based private real estate investment company Eagle Hills, today announced the development of a new luxury hotel in Morocco, Fairmont La Marina Rabat-Salé.
Morocco's 160 MW concentrated solar farm, Noor 1, was only the start. When the African nation is done, Noor 1 will be joined by three more similarly-sized power plants which will generate a whopping 500 MW of renewable energy.
Morocco Urges US Businesses to Believe in African Potential at Second US-Morocco Trade and Investment Forum in Atlanta
More than 100 business leaders and government representatives from the US and Morocco convened at Coca-Cola headquarters in Atlanta on Tuesday for the second annual US-Morocco Trade and Investment Forum, where Morocco's Minister of Small and Medium Enterprises Mamoune Bouhdoud made the case for US investment in Africa, and for using Morocco as a platform to do so.
The Global Competitiveness Report 2015-2016by the World Economic Forum assesses the competitiveness landscape of 140 economies, providing insight into the drivers of their productivity and prosperity.
The African Development Bank Group (AfDB) and the Government of the Kingdom of Morocco signed on 28 July 2015 three funding agreements today in Casablanca, Morocco, for one loan and two grants to a total of $114.5 million, or about 1.13 billion dirhams.
Orange increases its interest in the Moroccan operator Méditel with the acquisition of an additional 9% of its capital
Fipar-Holding (the Moroccan Caisse de Dépôt et de Gestion group), FinanceCom and Orange signed the final documentation today increasing Orange's interest in Méditel, the Moroccan telecommunications operator, in application of the agreements they signed in December 2010.
Ford Motor Company Fund is expanding the Ford College Community Challenge (C3) to Africa, offering universities in four countries the innovative global program.
Morocco became the first African nation to become a member of the International Transport Forum (ITF). The organisation’s top decision-making body, the Council of Ministers of Transport, unanimously agreed to the accession of the three countries at the ITF Summit in Germany.
OCP Group is planning its third International Symposium on Innovation and Technology in the Phosphate Industry (Symphos) from the 18th to 20th of May 2015 in Marrakesh, with the theme "Innovation to serve sustainable agriculture".
Universal Aviation, the ground support division for Universal Weather and Aviation, Inc. (Exhibit #W073), announced at EBACE2015 that it has added new dedicated resources in Morocco and Ethiopia.
The Government of the Kingdom of Morocco and the International Fund for Agricultural Development (IFAD) signed a host country agreement today in Rome.
Qatar Airways and Royal Air Maroc have announced the launch of a strategic joint business agreement on their services between the State of Qatar and the Kingdom of Morocco.
At the fourth in the series of five SAP Africa Forums that are being held across the continent this year, SAP Africa today shared the details of the latest chapter in the company’s Skills for Africa job creation initiative.
The World Bank Board of Executive Directors approved today two projects totaling US$248.95 million to support Morocco’s national health strategy and to promote clean energy and energy efficiency.
Ministers from governments across Africa will gather at this year's Africa Carbon Forum, 13-15 April in Marrakesh, Morocco, to step up momentum towards a new, universal climate change agreement in 2015.
Abengoa, has recently begun construction of the desalination plant in Agadir, Morocco, having closed the financing for the project together with its local partner InfraMaroc (CDG Capital Infrastructures group).
African Lion, the largest annual US joint military exercise in Africa, kicked off phase one of its 2015 operation on February 2, in Agadir, Morocco, where US, Moroccan, German, British, Tunisian, Mauritanian, and Senegalese troops participated in an intelligence-capacity building workshop. This week, the participants will create a Combined Joint Task Force (CJTF) to prepare for a simulated international crisis.
For the sixth consecutive year, Vueling will launch services to several new destinations from Barcelona’s El Prat airport, and this year Africa is a new growth area. Starting on 20 June, Vueling will directly operate regular flights to Rabat in Morocco, Yerba in Tunisia, and Accra, Ghana.
Royal Air Maroc this weekend celebrated the arrival into Morocco of its first 787 Dreamliner. The airline will be the first carrier in the Mediterranean region to operate the 787.
To ensure that growth is both sustainable and beneficial to all strata of society in Africa, countries on the continent, including North Africa, must adopt industrial policies that are germane to their own local contexts and set up strong institutions with the mandate of formulating and pushing through such policies. These are the major recommendations of the Economic Report on Africa 2014 launched at the University Mohamed V, in Rabat, Morocco on 21 November 2014.
Australian oil and gas company, Woodside has entered into a contract for an exclusive Reconnaissance License (RL) with the Office National des Hydrocarbures et des Mines, the National Oil Company of the Kingdom of Morocco, to explore a block off shore Morocco.
The 5th Global Entrepreneurship Summit (GES-2014) wrapped up Friday night in Marrakech, after three days of intense debate on how to encourage and promote innovation and entrepreneurship.
Together with the UN agency UNIDO, USAID, and the OCP Foundation, the Volvo Group is starting a vocational training school for mechanics in Morocco.
easyJet, the UK’s largest airline, has announced it wil operate 26 new routes next summer including two, Essaouira in Morocco and Stuttgart in Germany, which are new destinations for the airline.
Kaymu, the leading online marketplace for emerging markets, today announces that it will charge sellers zero commission in over 50% of the countries where it is active, namely Algeria, Angola, Ethiopia, Kenya, Rwanda, Morocco, Tunisia, Zambia and Mozambique.
The fifth annual Global Entrepreneurship Summit will take place on November 19 – 21, 2014 in Marrakech, Morocco, the first time in an African nation.
Marrakech consensus calls for greater partnership between the private and public sector to accelerate Africa's transformation
Over 900 stakeholders from across the African continent, including the Presidents of Cote d'Ivoire and Senegal, as well as the Prime Ministers of Morocco ...
African nations will be able to better assess the impact of social policies on human exclusion – following the launch of an innovative tool, the African ...
The United Nations Economic Commission for Africa’s ninth Africa Development Forum was opened yesterday with a call for solidarity and self-determination ...
Presidents of Senegal, Ivory Coast, and Prime Ministers of Cape Verde, and Morocco attend the Ninth African Development Forum
Raising private equity, illicit financial flows, domestic resource mobilisation, new partnerships and climate financing in Africa at the top of the agenda ...