Chariot Oil & Gas signs Collaboration Agreement to fast track Anchois Gas Development project in Morocco
Chariot Oil & Gas signed a Collaboration Agreement with Subsea Integration Alliance to enable the front-end design, engineering, procurement, construction, installation and operation of the Anchois Gas Development project in Morocco.
Mastercard’s signature science, technology, engineering and mathematics (STEM) program, Girls4Tech™, has officially reached its initial goal of educating one million girls worldwide.
Morocco has decided to open an embassy in Burundi’s main economic center instead of opting for the country’s political capital.
Predator Oil & Gas, an oil and gas exploration company based in UK, announced the start of preparations for drilling the MOU-1 well of its project in Guercif, eastern Morocco.
The Executive Director of the United Nations Environment Program (UNEP), Inger Andersen, has described Morocco as exemplary in terms of renewable energies
Morocco’s King Mohammed VI has appointed Habiba Laklalech, CEO of Moroccan Airports Authority (ONDA).
The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) is providing a $965,000 grant to Morocco’s Société d’Ingénierie Energétique (SIE), to support its transition into the first Super Energy Service Company (ESCO) initiative in Africa
A batch of 500,000 doses arrived from Beijing on Tuesday, bringing Morocco’s total number of received COVID-19 vaccines to seven million.
Al Barid bank, the financial branch of the Moroccan post office, has launched the first dematerialized, fully-digital bank card in Morocco.
Cryptocurrency Bitcoin reaches an all-time high as Moroccan traders urge the government to end its longtime crypto ban.
IFC is expanding the scope of its support to subnational entities in Morocco through a new partnership with the Wilaya of the Region of Marrakech-Safi and the Regional Investment Center, to attract more investment and improve the business environment.
IFC and Club des Femmes Administrateurs (CFA), a non-profit association in Morocco, signed an agreement to help women attain more leadership positions in the business world.
The coronavirus pandemic had a remarkable effect on Morocco’s economy, as with most countries around the world, so how is their economy now?
More than ever, women directors are called upon to contribute to the construction of competitive and efficient companies able to meet the current challenges of today.
ABHBC has presented its plans to mitigate the effects of climate change and improve its energy efficiency in line with Morocco’s climate change and renewable energy vision.
Vivo Energy Maroc, the company in charge of the distribution and marketing of Shell-branded fuels and lubricants in Morocco and Butagaz-branded liquefied petroleum gas, has inaugurated two motorway service stations.
IFC signed an agreement with the Moroccan Capital Market Authority (AMMC) that will help companies enhance their reporting on environmental, social, and governance (ESG) practices, paving the way for more green investments.
Kam Global Strategies, Israel-based strategic communications firm and Brand & Image, Morocco's most prominent marketing and PR agency announced a strategic partnership to advance PR efforts in Israel and Morocco.
Mediterrania Capital Partners announced the sale of its remaining stake in Cash Plus, the largest independent money transfer company in Morocco.
Nexans has strengthened its industrial presence in Morocco with the inauguration of a new plant for the Telecom Systems Business Unit.
Women business leaders and entrepreneurs from the United States, Bahrain, Morocco, Israel, United Arab Emirates, Sudan, Uzbekistan, and Kosovo have convened for the virtual launch of the United Women’s Economic Development Network.
The African Development Bank announced the addition of Mauritius and Morocco to its Bloomberg African Bond Indices (ABABI), marking a steady progress in the Bank’s efforts to deepen the continent’s local currency bond market.
The U.S. Ambassador to the Kingdom of Morocco David T. Fischer and Morocco’s Minister of Culture Othmane El Ferdaous signed a bilateral Memorandum of Understanding that protects Moroccan cultural property.
USAID designates Morocco as regional hub for new program in trade and investment under Prosper Africa
The U.S. Agency for International Development (USAID) will designate the Kingdom of Morocco as a regional hub for the new, continent-wide Trade and Investment Program funded by USAID under Prosper Africa.
U.S. International Development Finance Corporation (DFC) Chief Executive Officer and Prosper Africa Executive Chairman Adam Boehler has announced a series of efforts to expand U.S. investment in Morocco and strengthen its role as an economic hub for the continent.
The U.S. International Development Finance Corporation (DFC) Chief Executive Officer and Prosper Africa Executive Chairman Adam Boehler announced a series of efforts to expand U.S. investment in Morocco.
The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF), is promoting the competitiveness of small businesses and investments in the green economy in Morocco.
IFC signed $30 million financing agreement to support Morocco’s Fes-Meknès region expand and upgrade its rural road network, reducing regional inequalities and helping people in remote communities access jobs and social services.
Helios Investment Partners, Africa-focused private investment firm, announced a partnership with BİM BİRLEŞİK MAĞAZALAR (BIM), discount grocery retailer in Turkey listed on the Borsa İstanbul, to invest in BIM’s Moroccan business.
Africa focused transition energy company Chariot Oil & Gas has negotiated the key terms of a new licence, Rissana Offshore in Morocco.
The World Bank approved a $400 million program to support Morocco’ social protection system, as part of the kingdom’s sweeping reforms to strengthen its social safety nets.
Development Partners International announced the partnership between Compagnie Marocaine de Goutte à Goutte et de Pompage’s (CMGP), and Comptoir Agricole de Souss (CAS) to create a new player in the Moroccan and African agricultural industry.
Mohammed VI Polytechnic University partners with Plug and Play to launch accelerator programme in Morocco
Mohammed VI Polytechnic University (UM6P), an academic and research institution, has partnered with global innovation platform, Plug and Play, to launch an Open Innovation Hub in Morocco.
Aerial vehicle Artificial Intelligence startup ATLAN Space has raised $1m Series A funding from Maroc Numeric Fund II with participation from Hilmi Law Firm and Cadex Group, for business expansion.
The World Bank approved $150 million in additional financing for Morocco’s Urban Transport Program, which started in 2015, to strengthen the country’s capacity to offer quality service in public transport.
Chariot Oil & Gas receives EOI for provision of development debt finance for Anchois gas discovery offshore Morocco
Chariot Oil & Gas has received a non-binding Expression of Interest Letter from Africa Finance Corporation for the provision of development debt finance for the Anchois Gas Discovery, offshore Morocco.
Moroccan telecommunications operator Maroc Telecom achieved a turnover of more than MAD 27.49 billion ($2.99 billion) during the first nine months of 2020, up 0.7%.
Moroccan focused upstream gas company Sound Energy announced due to further disruption caused by the impact of the COVID-19 pandemic, ONHYM has approved a 24 month extension to the initial period of the Sidi Moktar Permits.
Deutsche Post DHL, German Ministry for Economic Cooperation promote e-commerce in developing and emerging countries
Giving small and medium-sized enterprises from developing countries access to global markets is the goal of a cooperation between the German Federal Ministry for Economic Cooperation and Development and the logistics company Deutsche Post DHL Group.
Low-cost airline Ryanair is set to resume flights in and out of Morocco.
Mondia, a technology company which specialises in marketing and distribution of digital content and Jumia, Africa’s largest e-commerce platform, launched Jumia Games, a competitively priced entertainment category on the JumiaPay App.
[Morocco] Vantage Capital invests $28 million to acquire minority stake in Cliniques Internationales du Maroc Group
Vantage Capital, Africa’s mezzanine fund manager, has made a $28.0 million equity investment to acquire a significant minority shareholding in the Cliniques Internationales du Maroc Group.
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are supporting green investments by the private sector to strengthen Morocco’s economic recovery.
The European Bank for Reconstruction and Development (EBRD) is boosting trade in Morocco with a $20 million trade finance limit to Crédit Agricole du Maroc, a leading local bank.
CTI Clinical Trial and Consulting Services (CTI) has announced the acquisition of Clinart, a full-service CRO with nearly 20 years of experience and strong local expertise in the (MENA) region.
[Morocco] EIB, Crédit Agricole du Maroc sign €200 million financing agreement to support agriculture sector
The European Investment Bank ,EIB, and Crédit Agricole du Maroc ,CAM, have signed a €200 million loan agreement to boost support for Moroccan businesses operating in the agriculture and bioeconomy sector
MFS Africa has announced a partnership with Moroccan mobile money provider inwi money, bringing smooth and affordable international digital money transfers and payments to Morocco.
Emirates announced it will resume passenger services to Casablanca, Morocco effective 18 September 2020.
Red Eléctrica de España and its Moroccan counterpart Office National De L'electricite Et De L'eau Potable (ONEE) have completed the works to seal the link in the reserve cable of the link between Spain and Morocco.
Chariot Oil & Gas, the Atlantic margins focused energy company, announces that it has completed the reprocessing of 3D seismic data across the Lixus Offshore Licence, Morocco.
The European Bank for Reconstruction and Development (EBRD) is strengthening the agribusiness sector in Morocco and Tunisia with a total loan equivalent to €10.9 million to Land’Or, a leading Tunisian processed cheese maker.
The European Bank for Reconstruction and Development (EBRD) is supporting the delivery of vital infrastructure services in Morocco with a €300 million financing package to state-owned utility and transport companies.
The European Investment Bank (EIB), and al Amana Microfinance announced the signature of a €3 million finance contract supporting access to financing and the development of Moroccan micro-enterprises.
The Moroccan Minister of Economy, Finance and Administration Reform and the Vice-President of the EIB announced the release of €100 million to finance the Kingdom of Morocco’s most urgent requirements as it deals with the COVID-19 pandemic.
Finastra announced that CIH Bank, a Moroccan-based commercial bank, has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services.
The EBRD is supporting small businesses in Morocco to withstand the coronavirus pandemic with an approximately 430 million dirham (equivalent to circa €40 million) loan to CaixaBank’s Morocco branch.
DiMuto partners with Jupiter Group to deploy blockchain traceability as part of global expansion plans
DiMuto, a trade technology solutions platform that provides end-to-end supply chain visibility for global agri-food businesses, has secured a deal with Jupiter Group, a leading global produce grower and supplier, to deploy blockchain traceability.
OCP Group and its German and Belgian partners, Budenheim and Prayon, are launching the building of a new plant for the production of purified phosphoric acid, through their subsidiary Euro Maroc Phosphore (EMAPHOS).
The European Bank for Reconstruction and Development (EBRD) is strengthening private small businesses and trade in Morocco with a €40 million financing package to Crédit Immobilier et Hôtelier, SA (CIH).
The EBRD is responding to the impact of the coronavirus pandemic on the Moroccan economy with a $100 million loan to Banque Centrale Populaire (BCP) for on-lending to local private businesses.
The World Bank responded to dual economic shocks caused by the COVID-19 pandemic and the subsequent collapse in oil prices with strong lending, technical assistance and global expertise throughout the Middle East and North Africa.
IFC announced it will provide €23 million in financing to Tunisian company One Tech Holding to spur job creation and economic growth in Tunisia and Morocco.
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up their support for green investments and climate resilience in Egypt, Morocco.
IFC, IFU and PROPARCO are providing an equity financing package of up to $108.5 million to Humania, a private healthcare company, to help improve medical care in Egypt and Morocco.
The European Bank for Reconstruction and Development (EBRD) and the United Nations World Tourism Organisation (UNWTO) are joining forces to boost the recovery of the tourism sector across the 38 economies where the Bank invests.
The World Bank approved $500 million Financial and Digital Inclusion Development Policy Financing (DPF) program, which will support key policy reforms to promote an enabling environment for digital transformation in Morocco.
DHL Global Forwarding, an international provider of air, ocean and road freight solutions, has strengthened its leadership teams in Burkina Faso, Cote d'Ivoire, Senegal and Morocco with new country manager appointments.
The European Bank for Reconstruction and Development (EBRD) has partnered with the National Office for Electricity and Drinking Water (ONEE) in Morocco to speed up the construction of a water treatment plant.
FAO welcomed the decision by the Global Environment Facility Council to allocate a substantial $176 million to 24 of its projects that tackle the critical intersection between agriculture and environmental concerns.
Recently, Svitzer took an important step towards strengthening its presence in Africa by signing a five-year contract with Nacala Logistics in Mozambique for harbour towage, occasional pilot transfer and potential salvage work in the port of Nacala.
[Kenya] Check Point joins forces with Strathmore University to address cyber security skills shortage
Check Point Software Technologies, a leading provider of cyber security solutions globally, announced that its Check Point SecureAcademy education initiative has partnered with Strathmore University in Kenya.
Morocco’s economy will decline by 2 per cent in 2020 because of the economic impact of the coronavirus pandemic, but a 4 per cent rebound is expected in 2021, according to the latest forecast by the EBRD.
Sparkle, the first international service provider in Italy and among the top ten global operators, announced the opening of a new Point of Presence (PoP) in Casablanca, Morocco.
Azelio has completed the installation of its renewable energy storage with 24 hour clean power production at Noor Ouarzazate solar complex in Morocco.
Alapala, one of the brands in flour milling equipment and mill projects has completed the installation of the newest flour mill reference at Flour Mills company in Morocco.
The EBRD, together with the European Union (EU), is stepping up efforts to support small and medium-sized enterprises managed and owned by businesswomen in Morocco, in the face of the coronavirus pandemic.
The EBRD is helping to develop the olive oil sector in Morocco with a loan of up to MAD 55 million to Al Dahra Holding subsidiaries, Al Dahra Morocco Factories and Al Dahra Morocco.
Unions for urban transport workers in Algeria, Morocco and Tunisia have joined forces at a workshop in Tunis to discuss how to working together under the Our Public Transport programme.
Intracom Telecom has announced the supply of its market-leading Point-to-Point microwave (PtP MW) radio, OmniBAS™, to the Border Management Programme for the Maghreb.
After securing approval last summer from the "Bank Al Maghrib", Orange Morocco has launched of Orange Money in the kingdom.
IFC, a member of the World Bank Group, is launching its MENA Women Banking Champions program in Maghreb to help expand access to finance and boost financial inclusion for women entrepreneurs in Morocco, Tunisia, and Algeria.
Transpare is a Morocco-based startup offering a digital platform targeting shippers and freight forwarders.
The EBRD is continuing to support the automotive industry in Morocco through a €15 million loan to Varroc Lighting Systems Morocco that will provide training and employment opportunities for young people in the country.
After continuing expansion throughout Southern, Eastern and Western Africa, Andersen Global strengthens its presence in Northern Africa via a collaboration agreement with Morocco-based advisory firm M.A. Global Consulting.
Africa, Middle East installed 894MW wind energy capacity in 2019, market expected to grow over 10GW by 2024, GWEC
The latest data released by the Global Wind Energy Council (GWEC) shows Africa and the Middle East installed 894MW capacity of wind power in 2019, a decrease of 7 per cent on the previous year which saw 962MW installed.
IFC is the lead arranger for an Islamic financing package of up to $125 million to Humania, a private healthcare company, to help expand health services and improve medical care in Morocco and Egypt.
The EBRD is supporting the development of high-quality hospitals in Egypt and Morocco, teaming up with other international financial institutions to deliver funding.
British Airways and Royal Air Maroc have announced a new codeshare agreement which will open up new routes across Morocco including Casablanca and Agadir.
Exports of agri-food products reached around 3.1 million tons during the 2018-2019 campaign in terms of volume, the first time in history according to the Moroccan Ministry of Agriculture has said.
Small and medium-sized enterprises (SMEs) in Morocco will benefit from an EBRD credit line of up to €20 million to Crédit du Maroc dedicated to green investment and the development of value chains.
Nexans and ENGIE signed a 15-year contract for the design, implementation, provision, servicing and maintenance of a rooftop photovoltaic plant in Mohammedia factory, with an installed capacity of 2.5 MW.
Jetex has announced the opening of its latest VIP Terminal at Marrakech Menara Airport, introducing a new world-class facility in the Moroccan market.
SDX Energy announces that the OYF-2 well in Morocco has been drilled to a measured depth of 1,210 meters and has encountered commercial quantities of gas in excess of pre-drill estimates.
SEAF Morocco Growth Fund (SMGF), an investment fund has completed its fourth investment with its acquisition of stake in SOWIT, an agritech company specializing in precision agriculture in Africa.
Orange has officially opened the Orange Middle East and Africa operational head office in Morocco. The new headquarters is located in Casablanca Finance City Tower (CFC) in the heart of Casablanca.
The World Bank approved a US$275 million Disaster Risk Management Development Policy Loan for Morocco that contains a Deferred Drawdown Option for Catastrophe Risks (Cat DDO).
Vivo Energy Maroc, the company in charge of the marketing and distribution of Shell brand fuels and lubricants in Morocco and Butagaz brand Liquefied Petroleum Gas, appointed George Roberts to be the new Managing Director, effective 1, 2019
A new €82.6 million agricultural development project finaned by the IFAD and the Government of Morocco will help 11,200 vulnerable households to increase their productivity and incomes in the face of climate change.
[South Africa] JSE, African exchanges, AfDB and ASEA partner to increase cross-border trade in Africa
JSE and seven African partner exchanges in collaboration with the AfDB and ASEA hosted the African Exchange Linkage Project Stakeholder Engagement Forum to strengthen investment flows across African countries.
The European Bank for Reconstruction and Development (EBRD) is strengthening its outreach in Morocco with the opening of a third office, in the city of Agadir, which will cover the regions of Souss-Massa and Marrakech-Safi.