Morocco has officially unveiled its latest investment and export brand: ‘Morocco Now’, an initiative designed to position Morocco as a world-class industrial and export platform to accelerate foreign investments.
Morocco is currently Africa’s first passenger car manufacturer. Morocco has surpassed South Africa as the biggest exporter of passenger cars on the continent with $7 billion exports made in the car industry at the end of 2018.
Sotheby’s International Realty announced the opening of Morocco Sotheby’s International Realty, signifying the brand’s first office in Northern Africa. The addition brings the brand’s total number of affiliated offices in the EMEIA region to nearly 200.
As part of this technical assistance program, IFC will support ACAPS in the development of a roadmap to accelerate the digital transformation of the insurance sector, and thus benefit from the rapid development of the digital economy. on the continent.
Chariot signs well services contract with Halliburton for Anchois gas appraisal well offshore Morocco
Chariot, the Africa focused transitional energy company, announced it has signed a binding letter of intent with Halliburton, for services on Chariot’s planned Anchois gas appraisal well within the Lixus licence, offshore Morocco.
Hapag-Lloyd announced it opened its own offices in Morocco. With this additional presence in the country, the company continues to realize its growth ambitions in the most attractive markets of North Africa.
Radisson Hotel Group, one of the world’s leading hotel companies, has set a record in its North African expansion, with the signing of nine hotels, to date this year.
Vertiv, fournisseur mondial d’infrastructures digitales critiques et de solutions de continuité, a annoncé aujourd’hui le lancement d’un hub d’un million de dollars au Maroc.
Chariot, the Africa focused transitional energy company, announced it has signed a contract with Stena Drilling to use its Stena Don drilling rig for the planned Anchois gas appraisal well within the Lixus licence, offshore Morocco.
Vertiv, a global provider of critical digital infrastructure and continuity solutions, has launched its million dollar hub in Morocco.
Sound Energy, the Moroccan focused upstream gas company announced a 12-month extension to the initial period of the Anoual Exploration Permits, onshore Morocco.
The European Bank for Reconstruction and Development (EBRD) has appointed Antoine Sallé de Chou as its new Head of the Bank’s operations in Morocco.
Sound Energy, the Moroccan focused upstream gas company announced the completion of the acquisition of the entire issued share capital of Schlumberger Silk Route Services Limited (SSRS), from Schlumberger Holdings II Limited.
Orange a ainsi lancé une plateforme digitale exclusivement dédiée au gaming qui réunit aujourd’hui plus de 10 000 joueurs issus de plus de 15 pays.
The Jobs for Youth in Africa Strategy calls for the integration of jobs and skills for youth across Bank operations to maximize the impact on increasing employment opportunities.
The african|markets team is proud to announce the launch of the public version of the Research, an Africa-focused research distribution platform that connects investors to some of the best equity analysts covering Africa’s frontier markets.
PPG Industries announced the startup of a facility in Tangier, Morocco, that will produce automotive sealants for local vehicle production.
Energy Recovery, the company that harnesses reusable energy from industrial fluid flows and pressure cycles, announced it has shipped its Pressure Exchanger (PX) Q300 energy recovery devices for a mega-scale desalination plant in Morocco.
Alithya announced the opening of a subsidiary office in Tangier, Morocco, to leverage the North African country's rich IT talent pool in order to bolster the expertise of its teams, and help advance the innovative work.
Europa Oil & Gas announced the formal launch of the farmout initiative of its high-impact exploration opportunity, the Inezgane Permit offshore Morocco.
Radisson Hotel Group announced the extension of its Moroccan footprint with the opening of four hotels in beloved tourist destinations Al Hoceima, Taghazout Bay, and Saïdia.
Sound Energy, the Moroccan focused upstream gas company, has entered into a binding and fully termed conditional LNG sale and purchase agreement with Afriquia Gaz for phase 1 development plan at Tendrara Production Concession, onshore Morocco.
HEVO Ammoniac Maroc est un projet qui s’inscrit dans le cadre des objectifs du royaume en matière d’énergies renouvelables, devra atteindre une production de 31.850 tonnes par an d’hydrogène vert, de 151.800 t/an de nitrogène et de 183.650 t/an d’ammoniac vert.
L’adhésion du Maroc au SCO intervient à un moment où les questions de l’adaptation et de la lutte contre le changement climatique sont devenues des priorités pour nos sociétés et gouvernements.
Music streaming service Spotify recently launched its global initiative, the EQUAL Music Program, to cultivate gender equality in music and support female creators.
AfDB scoping study identifies opportunities for private sector participation in Africa’s climate agenda
A recently published African Development Bank scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation.
Predator Oil & Gas, the Jersey-based oil and gas company with operations in the area of the Guercif Petroleum Agreement, located in the Guercif Basin in northern Morocco, announced completion of the drilling of MOU-1.
Radisson Hotel Group in partnership with Madaëf have announced the signing of seven Moroccan hotels, of which four will open its doors this month, located in renowned tourist areas, Al Hoceima, Saïdia and Taghazout.
IFC and Holmarcom, a Moroccan business group, have partnered to boost access to insurance products in Morocco and select countries in sub-Saharan Africa, with IFC investing in Holmarcom Insurance Activities.
Le Groupe Holmarcom s’allie à IFC pour accélérer le développement de ses activités en assurance au Maroc
Holmarcom a conclu, avec la Société financière internationale (IFC), membre du Groupe de la Banque Mondiale, un partenariat en vertu duquel cette institution acquiert une participation minoritaire dans « Holmarcom Insurance Activities », à hauteur de 450 millions de dirhams.
The agreement enables the university to use Esri solutions in the development of new technologies for monitoring desertification, climate change, sustainable development goal progress, oceanography, mining, architecture, and urbanization.
The International Finance Corporation (IFC), signed a memorandum of understanding (MoU), with the Moroccan Ministry of Finance, Economy, and Administration Reform to reiterate IFC's support to the country's new development roadmap.
Antoine Frérot, Veolia Group’s Chairman and Chief Executive Officer, announced that Chouhaid Nasr has been appointed as Morocco Country Director, effective July 1, 2021.
The Board of Executive Directors of the Islamic Development Bank (IsDB), approved $176.05 million for projects in Iraq, Mauritania, Benin and Morocco.
Predator Oil & Gas announced the MOU-1 well was spudded at 0100 hours on Sunday 20th June 2021 with drilling ahead in progress to the first planned 133/8" casing point.
Le Crédit du Maroc se veut également un partenaire globale des Agriculteurs avec une gamme de produits et services qui couvrent aussi bien les besoins professionnels et privés de cette clientèle.
[Maroc] L’OFPPT s'allie à l’EHL pour délivrer le programme VET BY EHL au sein des instituts de formation
L’OFPPT a signé un partenariat avec l’École hôtelière de Lausanne (EHL) Advisory Services et son partenaire stratégique Southbridge A&I afin de délivrer le programme VET by EHL au sein de ses centres de formation en hôtellerie et restauration.
Sound Energy, the Moroccan focused upstream gas company, has entered into a sale and purchase agreement with Schlumberger Holdings II Limited to acquire the entire issued share capital of Schlumberger Silk Route Services Limited (SSRS).
The International Renewable Energy Agency (IRENA) and the Ministry of Energy, Mines and Environment (MEME) of Morocco agreed to strengthen joint collaboration to advance knowledge in renewable energy and to accelerate the energy transition.
[Maroc] OCP S.A. procédé avec succès à une nouvelle emission obligataire Internationale pour 1,5 milliard USD
Conformément à l’autorisation de son Conseil d’Administration ainsi que de l’Assemblée Générale, OCP S.A. a annoncé avoir procédé avec succès à une émission obligataire sur les marchés internationaux pour un montant total de 1,5 milliard USD.
In a milestone for its pan-Africa mission, Africa Finance Corporation, one of the region’s biggest investors in infrastructure development, has announced that it has exceeded 30 member states, representing more than half the continent.
Orange Middle East and Africa and AXA CIMA entities led by AXA Assurance Maroc have announced that an agreement has been signed on the joint acquisition of a majority stake in DabaDoc alongside the company’s founders.
The European Investment Bank (EIB), and CIH BANK signed a financing partnership of €60 million to strengthen support for SMEs and mid-caps in Morocco.
IFC launched a new advisory program aimed at making it easier for startups in Algeria, Libya, Morocco and Tunisia, expand their operations across North Africa.
The Moroccan Digital Development Agency and GrowIN Portugal launch initiative to support startups internationalization
The Moroccan Digital Development Agency (ADD) and GrowIN Portugal have launched an initiative to support Moroccan and Portuguese startups internationalization by signing a strategic agreement.
The European Bank for Reconstruction and Development (EBRD), and the Green Climate Fund (GCF), are strengthening their cooperation by launching the new $1.01 billion “High impact programme for the corporate sector” to scaling up green financing.
UK’s Predator Oil & Gas has submitted a bid for the construction and operation of a Floating Storage Regasification Unit (FSRU), for importing LNG in Morocco.
Fitch Ratings has affirmed Morocco's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook.
SDX Energy, the MENA-focused energy company, announced the commencement of the first, three well, phase of its 2021 drilling campaign in Morocco, which will comprise up to five wells over the year.
It digitizes trade finance processes, using optical character recognition (OCR), natural language processing (NLP) and progressive machine learning to reduce the risk and cost of trade finance operations.
In accordance with the permission of the Federal Air Transport Agency, S7 Airlines has launched sales for direct weekly flights from Moscow to Casablanca, Morocco, effective April 30th.
RES4Africa Foundation is increasing its footprint in Morocco’s renewable energy sector with the Moroccan Agency for Sustainable Energy (MASEN) and a formal agreement with Morocco’s Ministry of Energy, Mines, and Environment.
Following a total investment of $800 million, operations at APM Terminals MedPort Tangier commenced in 2019, and it now celebrates its next major development milestone by kicking off phase-2 of the development.
Through its advanced micro-irrigation solutions, Amethis investment will help farmers reduce water inputs while improving their productivity.
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up their support for businesses in Morocco, with a €6 million loan to Lamatem, a Moroccan producer of high-end medical garments.
Morocco’s intensified efforts towards African solidarity and south-south cooperation continue to show results, with the creation of the Nigeria-Morocco Business Council being the latest of encouraging developments.
The African Development Bank Group is pleased to announce the appointment of Mr. Achraf TARSIM as Country Manager designated for Morocco.
The heavy rainfall Morocco has experienced in the last three months has had a “very positive impact” on the country’s 2020-21 agricultural season.
The Moroccan National Airport Office (ONDA) has issued a brief statement to remind travelers of the 37 countries Morocco suspended flights with.
The Moroccan central bank, Bank al-Maghrib, forecasted that the country’s economy would grow by 5.3% in 2021 before consolidating to 3.3% in 2022.
Africa’s mobile users are increasingly concerned about mobile risks and the potential for digital identity theft; however, this is not stopping them from using their favourite messaging platforms and applications.
Moroccan exports of fruit and vegetables to the United Kingdom have grown exponentially, following the Union’s withdrawal from the EU.
Two significant gas projects that are poised to take final investment decisions (FID) in Morocco this year could add 70mmcfd of natural gas to the country’s energy mix in the next five years
The African Development Bank has appointed Achraf TARSIM as Country Manager designated for Morocco. Achraf, a Tunisian citizen, joined the Bank in 2009, as an economist in the Governance and Economic and Financial Reforms Department.
To offer localized and nearshore support for its SAP customers in North America and EMEA, Cognitus Consulting, an SAP Gold Partner, headquartered in the USA, has expanded to two new facilities in Aguadilla, Puerto Rico and Tangier, Morocco.
The low-cost airline Air Arabia Maroc has announced the launch of five new air connections between France and Morocco.
The EBRD has reaffirmed its commitment to scaling up green inter mediated financing by approving additional headroom for the next phase of its successful large-scale partnership with the Green Climate Fund.
Under the agreement between OCP, NSIA and the Nigerian National Petroleum Corporation (NNPC), Nigeria will import phosphate from the Kingdom of Morocco and use it to produce blended fertiliser for the local market and export.
One of Morocco’s largest banks is ringing in International Women’s Day with an ambitious new program targeting a lack of financial independence among the country’s women.
Morocco suspended all flights to and from Algeria and Egypt as part of its efforts to curb the spread of COVID-19
SDX Energy announced it has received final approval from the Egyptian authorities to extend the Production Services Agreements governing its producing Meseda and Rabul oil fields in its West Gharib concession in Egypt until 9 November 2031.
Chariot Oil & Gas, the Africa focused transition energy company, has signed a memorandum of understanding along with its partner with the Ministry of Industry, Trade and Green and Digital Economy in Morocco.
Chariot Oil & Gas signed a Memorandum of Understanding (MoU) along with its partner the Office National des Hydrocarbures et des Mines (ONHYM) with the Ministry of Industry, Trade and Green and Digital Economy in Morocco.
WeMash Digital is a growing Moroccan initiative that brings together a team of young, ambitious, and creative developers, consultants, and graphic designers.
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.