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.
Bank Al-Maghrib and the European Bank for Reconstruction and Development (EBRD) organised a workshop on London Inter-bank Offered Rate (LIBOR) reform and the launch of a new money market benchmark in Morocco.
Morocco’s flag carrier Royal Air Maroc (RAM) won two prizes as the best company in the categories "Global Operations" and "Best improved financial results" awarded by the African Airlines Association (AFRAA).
Openet, a leader in Digital BSS, announced that it has opened two new offices in Canada and South Africa, to better meet global demand for its innovative digital BSS portfolio.
Vivo Energy Morocco, Myher Holding partner to accelerate distribution activities in the southern region
Vivo Energy Morocco and Myher Holding announce their partnership in the company Sopétrole to accelerate the deployment of their distribution activities in the Provinces of southern Morocco.
The World Bank’s Board of Executive Directors has approved a €271.8 million loan ($ 300 million) to support the strengthening of Morocco’s municipalities.
Morocco has developed one of the most advanced telecommunications markets in Africa, supported by the government's Maroc Digital 2020 strategy
Five African countries initiate banking reforms to drive development and tackle climate change, report
Thirty-eight emerging market economies, including five countries in Africa, have initiated key banking reforms to drive development and fight climate change, according to the second Global Progress Report.
Moroccan telecom operator inwi has launched its mobile money service 'inwi money'. The service works on Comviva's mobiquity® Money, one of the world's largest mobile money platform.
Europa Oil & Gas, is pleased to announce that it has been awarded a new Exploration Permit covering an area of 11,228 sqkm in the Agadir Basin, offshore Morocco.
Morocco’s tourism ministry has signed a “co-marketing partnership” agreement with Ctrip, China’s largest online travel agency, to promote Chinese tourism in Morocco.
Under a deal with the Moroccan government, Maroc Telecom, 53% owned by Etisalat, will spend 10 billion dirhams or $1.04 billion – over the next three years.
Total has inaugurated its thousandth solarized service station, powered by solar panels. The rooftop solar systems at the TOTAL Palmeraie retail outlet in Marrakesh, Morocco.
Zahira Bouaouda has been appointed President of MATIS Aerospace, a 50/50 joint venture between Safran Electrical & Power and Boeing, specialising in electrical wiring interconnection systems.
The Nigeria-Morocco Gas Pipeline (NMGP) project will open new vistas for Nigeria’s gas aspirations, the Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said.
South Africa, the continent’s largest economy by GDP, can lay claim to being the “gateway” to doing business in Africa by virtue of its size, sophistication and connectivity.
Royal Jordanian (RJ) and Royal Air Maroc (RAM) have signed a free sale codeshare agreement, where RJ will market RAM flights, putting RJ's code on the flights.
Wirecard is handling payments for online and travel agency bookings for Royal Air Maroc, Morocco's national airline, and one of Africa's leading and fastest growing airlines.
HSEVEN launches Africa startup acceleration programme with up to €1.5 million investment per business
HSEVEN, Africa’s largest accelerator is launching “HSEVEN DISRUPT AFRICA”, an ambitious startup acceleration program designed for entrepreneurs of the Moroccan and African diaspora.
Online money transfer service WorldRemit has teamed up with Cash Plus to enable digital money transfers to +2000 cash pickup locations across Morocco
The Africa e-learning market reached a value of more than US$ 792 Million in 2018, exhibiting a CAGR of around 14% during 2011-2018 according to the latest report by Research and Markets.
Averda an international environmental services provider, has been awarded four seven-year contracts in Casablanca, Morocco.
Following the agreement signed on March 14, 2019, Maroc Telecom has completed the acquisition from Millicom of the entire share capital of its subsidiary Tigo Tchad.
South Africa, Nigeria, Kenya, Egypt and Morocco hold some of the most active tech hubs in Africa, with the total number of these hubs in Africa having grown to 442 in 2018.
Massport and Royal Air Maroc officials have celebrated a new international service to Casablanca, Morocco, the first nonstop route from Boston Logan International Airport to mainland Africa.
The World Bank announced a new US$500 million program in support of Morocco’s goals of expanding access to quality preprimary education.
The 2019 African Space Industry Annual Report explains that the industry has already reached over USD 7 billion of annual revenues and is projected to grow at a 7.3% compound annual growth rate to exceed USD 10 billion by 2024.
Temenos accelerates BMCE Bank of Africa’s journey to become first Moroccan bank to expand operations into China
Temenos, the banking software company, announced that BMCE Bank of Africa, a leading Moroccan bank, has implemented Temenos T24 Transact and Financial Crime Mitigation, both running on the Temenos Cloud.
AGCO has opened a new office in the north-east of Casablanca, Morocco.
Keller Williams,KW, the world's largest real estate franchise by agent count, is expanding across Africa. As momentum continues, KW has awarded a new master franchise in Morocco.
FairTSA, a global Fair Trade standard holder, has announced completion of a formal licensing agreement with Argan Oleo, an importer and processor of the finest Argan Oil from Morocco.
Dubai based airline Emirates is considering flight frequencies to key African destinations including Morocco, Ghana, Senegal, Egypt, and South Africa as it sees potential for growth in Africa.
The stars of hotel development in Africa are Egypt, Nigeria, Morocco and Ethiopia, according to the 11thannual survey by W Hospitality Group.
International Energy Agency publishes new review of Morocco’s energy policies, lauds legal and fiscal reforms
The International Energy Agency has released the latest in-depth review of Morocco’s energy policies, welcoming the institutional, legal and fiscal reforms.
Global insurance brokerage firm Lockton MENA Limited has announced the appointment of its new Chief Executive Officer, Ata Khatib.
Western Union has appointed Mohamed Touhami el Ouazzani as Regional Vice President and Head of North, Central and West Africa, based in Casablanca to lead Western Union’s business in the region
Beginning May 29, Qatar Airways has announced it will launch flights to Rabat, Morocco which will be served by a B787 three times a week.
The Economic Commission for Africa has launched the African Women Leadership Fund in Morocco on the sidelines of the African Regional Forum for Sustainable Development.
Vivo Energy Morocco and Butagaz brand Liquefied Petroleum Gas have announced the launch of the new generation of Shell fuels.
Moroccan national carrier Royal Air Maroc (RAM) has launched the first-ever Miami-Casablanca route.
Chariot Oil & Gas has announced that it has been awarded a 75% interest and operatorship of the Lixus Offshore Licence in Morocco.
European Investment Bank invests $15 million in Africa Industrialization Fund to support growth capital investments
The European Investment Bank has signed a commitment of $15 million with the SPE Africa Industrialization I Fund, targeting growth capital investments in SMEs and mid-market companies.
The National Aviation Services (NAS), has partnered with Wanzl and ICT.aero to launch state-of-the-art electronic gates (E-gates) at its Pearl Lounge in the Marrakech Menara Airport departures area, Morocco.
16 companies have been recognized earlier as the Best Places To Work in Morocco for 2019 according to the annual workplace survey driven by the global research firm Best Companies Group USA.
A new study conducted by Frost & Sullivan shows that the desalination market in Africa has recovered from the global economic downturn in 2015-2017.
IFC and Tunisia’s Ministry of Communication Technologies and Digital Economy are launching a ground-breaking program designed to support high-potential startups and drive innovation across North Africa.
Maroc Telecom has announced that it has signed an agreement with Millicom to acquire the entire share capital of its subsidiary Tigo Chad.
TM Forum, the global not-for-profit association focused on digital transformation has announced that 50 new companies joined the Forum in recent months.
Eni and Qatar Petroleum have signed a farm out agreement to enable Qatar Petroleum acquire a 30% participating interest in 12 exploration blocks in the offshore of Morocco.
Performance across Casablanca's real estate market remained relatively stable throughout 2018 with the announcement of new projects also enhancing investor sentiment across all sectors.
Jumia has signed an important partnership with technology leader Xiaomi at the Mobile World Congress in Barcelona, giving millions of users in Africa easy access to Xiaomi products.
SDX Energy Inc. has announced that it has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses.
Corteva Agriscience Agriculture Division picks Casablanca as hub for North-West and West Central Africa
Corteva Agriscience™, Agriculture Division of DowDuPont, has launched its official North-West & West Central Africa regional headquarters in Casablanca, Morocco.
Boeing has announced an agreement with Royal Air Maroc to use a suite of Boeing AnalytX-powered crew solutions to bring greater efficiency to the airline's planning and operations.
Hayat Essakkati is a Dutch/Moroccan entrepreneur and Director of Maroc4Invest, a company that secures foreign investors a smooth and efficient entry into the Moroccan market.
The World Bank Group and the German Federal Ministry for Economic Cooperation and Development (BMZ) have announced a deeper partnership for economic development in six countries in Africa.
A new analysis by Global Financial Integrity (GFI) indicate that Illicit Financial Flows (IFFs) due to trade misinvoicing, is a significant and persistent drag on 148 developing countries’ economies.
Solar-plus-storage is already competitive with the world's most efficient form of gas generation in Morocco and Jordan, according to new research from Wood Mackenzie Power & Renewables.
Growth in the Middle East and North Africa is estimated to have improved to 1.7 percent in 2018, contributed by acceleration in activity of both oil exporters and importers.
IFC, a member of the World Bank Group, and the governorate of Marrakesh-Safi have signed an agreement designed to improve the business climate and bolster the competitiveness of local enterprises
IFC, National Committee for the Business Environment partner to unlock potential of private sector in Morocco
IFC, a member of the World Bank Group, and the National Committee for the Business Environment (CNEA), have signed an agreement designed to improve the business climate in Morocco.
IFC, a member of the World Bank Group, and the National Committee for the Environment of Business (CNEA) have signed a memorandum of understanding to improve business climate in Morocco.
[Morocco] Vivo Energy and Zakoura Foundation partners with Education Ministry to educate on environment
Vivo Energy and the Zakoura Foundation have signed a partnership agreement with the Ministry of Energy National Education, Vocational Training, Higher Education and Scientific Research to bolster environmental education.