IFC, a member of the World Bank Group, is strengthening its partnership with Al Amana, Morocco’s largest microfinance institution, to increase funding for micro- and small-scale entrepreneurs
Philip Morris International Inc. has been recognized for the third consecutive year as a Top Employer in Africa, awarding the company’s commitment to creating an excellent work environment for its employees.
Vivo Energy Maroc and Butagaz brand Liquefied Petroleum Gas, have announced the renewal of its partnership with the Injaz Al Maghrib association during a commitment session to the volunteer program.
United Cities and Local Governments of Africa in collaboration with UN Habitat, UNODC and UNESCO will host the inaugural Youth Forum at the 8th Africities Summit which will take place from November 20-24, 2018 in Marrakesh, Morocco.
According to the July issue of Africa Tourism Monitor 2018, recently published by the African Development Bank, the continent earned $36.2 billion in revenue from 62.9 million international visitors in 2016.
Microsoft has teamed up with the Lions@frica initiative of the African Technology Foundation to empower the startups finalists that will be pitching at DEMO Africa 2018.
A total of 7 million tourists visited Morocco in the first seven months of 2018, up 7 percent year on year, according to statistics released by the Moroccan Tourism Ministry
On Friday, the pan-African infrastructure investment platform, Africa50, inaugurated its headquarters in Casablanca
Based on H1 2018 figures from STR, provider of data and analytics for the global hotel industry, Marrakech has emerged as a standout performer among key African cities.
International provider of air, sea and road freight services, DHL Global Forwarding has appointed Christelle Fadel to lead its business in Morocco.
DEMO Africa has announced the thirty startup finalists for the 2018 edition of the annual conference. The startups were selected following a few months of innovation roadshows, city tours and virtual adjudication across different countries in the continent.
IFC, a member of the World Bank Group, has forged a new partnership with Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa.
Barbadian and Moroccan officials have drafted a Memorandum of Understanding (MOU) on technical cooperation aimed at widening the areas in which both countries could collaborate.
Effective 3 October 2018, Etihad Airways will introduce the Boeing 787-9 Dreamliner on its scheduled services from Abu Dhabi to Rabat, capital of the Kingdom of Morocco, replacing the Airbus A330-300 currently serving the route.
SDX Energy Inc., the North Africa focused oil and gas company has announced that through its subsidiary SDX Energy Morocco Limited, has signed a facility agreement with the European Bank for Reconstruction and Development.
A tailor-made technical assistance project to reinforce the effectiveness of consumer protection law and policy in Morocco has been designed by UNCTAD after a novel voluntary peer review.
IFC, a member of the World Bank Group, and AMMC, the Moroccan capital markets authority have announced a comprehensive set of guidelines for new financial instruments to address climate change.
GAZ, a leading manufacturer of commercial vehicles in Russia, together with Africa Motors (Auto Hall Group), a new distribution partner of GAZ, has started selling a range of commercial vehicles GAZelle NEXT in Morocco.
The Board of Directors of the African Development Bank Group has approved a line of credit of 100 million euros for the benefit of the Central People's Bank of Morocco (BCP).
Zimbabwe, Egypt and Ghana are the leaders when comparing their September 2017 risk-reward score with the score from June 2018, according to the Africa Risk-Reward Index from Control Risks and Oxford Economics.
The World Bank has announced US$125 million in additional support for Morocco’s adoption of innovative solar technology.
The Board of Directors of the African Development Bank has approved EUR 200 million loan to support inclusive and Sustainable Development of Agricultural Value Chains in Morocco.
[Morocco] International Islamic Trade Finance Corporation extends partnership with Banque Centrale Populaire to support Africa- Arab countries trade
Under the umbrella of the Arab Africa Trade Bridges Program, the International Islamic Trade Finance Corporation has extended its partnership with the Banque Centrale Populaire by signing an agreement
SDX Energy Inc., the North Africa focused oil and gas company, has discovered natural gas at its LMS-1 exploration well on the Lalla Mimouna permit in Morocco.
Etihad Airways offers free stopovers to all Economy Class guests from the Middle East, Africa, Pakistan
Etihad Airways is offering one night’s free accommodation in Abu Dhabi to all guests travelling in Economy Class from destinations* in the Middle East, Africa and Pakistan, and stopping over in the nation’s capital.
International Finance Corporation, a sister organization of the World Bank, and Groupe Crédit Agricole du Maroc (GCAM), a major Moroccan bank, have signed an agreement to help farmers and agribusiness companies gain access to modern equipment.
Global designer of high men and women's apparel Perry Ellis International, Inc. has entered into a license agreement with Kennek FZE to source and distribute a full range of products under the Gotcha® brand.
The top ten economies by Gross Domestic Product in Africa all have active competition regulation, save for Angola and Nigeria but those countries are in the process of establishing completion law regimes, which are expected to be up and running soon.
Maroc Telecom's revenues for the first quarter increased to MAD 8.99 billion, up 5.6 percent at constant exchange rates thanks to significant revenue growth in Morocco and at its African subsidiaries.
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, has reached 500,000 members for its Shell Club Fidelity program.
Etihad Airways, the national airline of the UAE, is boosting its popular services to Morocco to meet increased demand to and from its two gateways in the North African kingdom.
Road accidents remain a major challenge to Morocco’s human, social and economic development, causing more than 3,000 fatalities per year.
Online retail sales in Africa accounted for less than one per cent of the global total last year, even though some nations have already undergone a rapid growth period.
Karim Bernoussi, Chief Executive Officer of the Intelcia Group, a major player in customer relations, announces the integration of outsourcing sites Outremer Télécom Maurice et Madagascar, which will now conduct business under the Intelcia banner.
Hilton will once again be welcoming guests to the Moroccan capital city of Rabat from 2022 after a landmark deal was signed with Wessal Capital.
Morocco ranks top investment destination in Africa for 2017, followed by Egypt, Algeria, Botswana, Cote d’Ivoire - Quantum research
Morocco is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2018 (AII) by Quantum Global’s independent research arm, Quantum Global Research Lab.
Vivo Energy, Resolution Call, HPS Worldwide, Webhelp, Teleperformance, Comdata, Hilti, Arval, Masen, Chaabi LLD, Nestle, Promamec, Roche, Nomac were awarded the best place to work in Morocco for 2018.
Earlier this year, the Moroccan Central Bank introduced the gradual floatation of the Moroccan Dirham, providing more flexibility to real estate investors and paving the way for a more buoyant real estate market in the year ahead.
dLocal, a payments technology company is building on the momentum of another year of solid growth with expansions in its boardroom, C-Suite, and roster of regions where its ecommerce customers are uncovering opportunities.
Africa overtakes Japan and Australia as the most preferred destination by Chinese travelers, TravelZoo Survey
Travelzoo® , a global publisher of exclusive offers and experiences for members, is forecasting the largest popularity growth of Africa in 2018 among avid Chinese travelers.
The United Nations Global Compact has officially launched its local network in Morocco. A memorandum of understanding was signed between the UN Global Compact, the General Confederation of Moroccan Companies and UNDP Morocco.
International oil and gas company with principal focus in North Africa has discovered gas at its SAH-2 well on the Sebou permit in Morocco.
Sanlam, SAHAM’s partner since February 2016, will increase its stake in the capital of SAHAM Group’s insurance subsidiary, from 46.6 per cent to 100 per cent, according to the terms of an agreement recently reached.
Nexteer Automotive, a global player in automotive industry has announced a new production facility in Kenitra, Morocco.
In parallel to the “Photovoltaica” congress of renewable energies in Marrakech, global power producer Voltalia has announced that it has obtained permits for two hydropower plants of 9.8 MW and 7.2 MW in Morocco.
Private pan-African higher education platform Honoris United Universities, says that Ecole Marocaine des Sciences de l’Ingénieur, EMSI, Morocco, and YK Business School, YKBS, Mauritius, formally joined the network as member institutions.
International commercial debt collection services company Atradius Collections has expanded its international presence through a cooperation with a local partner in Morocco, Casablanca.
Marrakesh, a pioneering city as regards environmental protection, set up the very first bikeshare scheme in Africa on the occasion of the COP22 that it hosted in 2016.
Thyssenkrupp Materials Services is expanding its aerospace network. The global supply chain solutions experts are opening a sales and production site in Morocco.
Morocco and European Bank for Reconstruction and Development (EBRD) signed Wednesday in Rabat a Memorandum of Understanding on green projects financing.
GCB Bank Limited and Attijariwafa Bank Group, Morocco’s largest financial institution, have signed a Memorandum of Understanding to broaden and consolidate financial transactions in Ghana, ECOWAS and beyond.
Varroc Lighting Systems is expanding its footprint as it establishes a manufacturing and product development base in Morocco.
2017 was a record year for Marrakech’s tourism. For the first time in history, the ocher city crossed the threshold of 2 million tourists welcomed in a year and more than 6 million overnight stays.
The World Bank Treasury announced today the addition of two new members, Morocco and Ukraine, to the Government Debt and Risk Management program.
Green Motion's North African operations in Morocco have announced the introduction of new hybrid models onto their car rental fleet.
The fleet of Morocco’s national airline company Royal Air Maroc (RAM) will be enhanced with the purchase of four 787-9 Dreamliner planes for $1.1 billion.
Casablanca will be the first North African destination to be served by Etihad Airways’ next generation aircraft which is fast becoming the backbone of the Abu Dhabi-based carrier’s long-haul fleet.
National Aviation Services (NAS), the fastest growing airport services provider in the emerging markets has launched its Pearl Lounges at the Marrakech-Menara Airport in Morocco reinforcing capacities at the newly renovated airport.
Russian biotechnology company BIOCAD and Moroccan pharmaceutical company Sothema Labs have announced the launch of medicines derived using the technology provided by the Russian manufacturer into the North African market.
Bombardier Transportation has reached a significant milestone in its rail modernization projects with the Moroccan State Railway, ONCF.
The Economic Commission for Africa is focusing on essential components of structural transformation, such as sustainable investment in infrastructures and new industries.
Mercer, a global consulting leader in health, wealth and career and wholly owned subsidiary of Marsh & McLennan Companies Inc., has announced an expanded footprint as part of an important initiative to strengthen service to the Francophone region of Africa.
In the World Bank’s 2018 “Doing Business – Reforming to Create Jobs” report, Morocco again ranked number one in North Africa and third overall in the Middle East and North Africa region.
Area9 Learning and Valia Investments have signed a long-term exclusive partnership to advance adaptive e-learning for corporations in North Africa and Middle East and North Africa region.
The World Bank has announced a $350 million program to support wide-ranging reforms of financial intermediation in Morocco.
Morocoo’s largest low cost carrier Air Arabia Maroc has launched a new twice weekly scheduled service between Dublin to the Moroccan city of Agadir.
International Islamic Trade Finance Corporation and National Company of Transports and Logistics in bid to bridge Morocco, Sub Sahara Africa gap
At first glance, it might seem unlikely that South Africa’s Constitution could be instrumental in deciding a cargo dispute with its roots in a 40-year-long North African territory deadlock.
Gemalto, the world leader in digital security, has announced that its advanced epassport technologies are now being used in over 30 different countries including Morocco and Algeria.
With illegal wildlife trade being one of the most serious threats to biodiversity, the International Fund for Animal Welfare and the Moroccan government’s High Commission for Water, and forests are announcing a partnership to strengthen the protection of wildlife and habitats.
Fitch Ratings grants Moroccan reinsurer Societe Centrale de Reassurance Triple A rating with a stable outlook
Moroccan reinsurer Societe Centrale de Reassurance (SCR has been granted by Fitch Rating services local triple A rating (AAA) with Stable Outlook, reflecting its financial soundness and solvency of 202% Solvency Ratio for the year 2016.
Technology group Wärtsilä is to supply a 22 MW baseload power plant to Morocco’s state utility under an engineering, procurement and construction (EPC) contract.
Sound Energy, the African and European focused upstream gas company, is pleased to confirm the final approval of the Matarka licence in eastern Morocco.
In its most recent quarterly survey of 250 countries, credit risk insurance specialist Euler Hermes ranked Morocco as the only country in the “low-risk” category in the short and medium term in North Africa, and one of only three in Africa.
Total and Worldline partner with African Fintech InTouch to support deployment of Guichet Unique solutions in eight African countries
Total and Worldline have signed binding technological, commercial and financing agreements with African fintech InTouch.
Morocco has received approval for a $25 million loan from the Climate Investment Funds’ Clean Technology Fund (CIF CTF).
EuroMena is pleased to announce the acquisition of a minority stake of Retail Holding SA, a leading Moroccan Retailer. Proceeds of the investment will mainly be used to fund the expansion of the Group.
A delegation from the Mauritanian national statistics office has initiated a field trip to its Moroccan equivalent, the High Commission for Planning.
Hotel development activity in Africa is still rising in the face of the continent’s economic problems, showing a 13 per cent increase in 2017.
The World Bank has unveiled a $350 million program to support wide-ranging reforms of financial intermediation in Morocco. The operation supports new sources of financing for small and medium enterprises (SMEs) while improving the regulatory oversight of the banking sector.
Morocco has an opportunity in the years ahead to boost economic growth and job creation, especially for young people, and to catch up even faster with developed economies by investing in its human capital, modernizing the economy and improving the performance of public institutions.
Africa Legal Network has announced the admission of three new members as part of their strategy to expand into francophone Africa. The new members are based in Algeria, Guinea and Morocco.
Casablanca and Nairobi rank leading destinations for Fortune 500 companies establishing international headquarters
The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 companies, according to a new report released by Infomineo, a global business research company specialising in Africa and the Middle East.
Hilton has signalled its intention to ramp up its expansion in North Africa with the establishment of a dedicated development office in Casablanca.
Maroc Telecom has just launched its new cycle meeting, “Smart Days.” This is an exchange and debate platform organized around different themes related to digital transformation.
Over 500 high-level delegates from Morocco and Rwanda gathered in Rwanda for the African Business Connect 2017 which has seen the signing of key agreements including between the National Federation of Electricity and Renewable energy and private developers within the renewable energy sector in Rwanda.
Merck, a leading science and technology company through its ‘Merck More than a Mother’ initiative in partnership with Asia Pacific Initiative on Reproduction (ASPIRE), conducted a panel to address challenges and solutions to improve access to regulated fertility care in Africa and Asia.
Emirates airlines has launched its Airbus A380 flight from Dubai to Casablanca’s Mohammed V Airport.
The World Bank’s Board of Executive Directors have approved today a $150 million financing in support of the Moroccan government’s goal of modernizing its national identification system and provide financing to promote innovative startups and job creation.
Ministers from nine African nations (Morocco, Angola, Burundi, Central African Republic, Chad, Democratic Republic of Congo, Gabon, the Republic of the Congo and Rwanda) have today gathered in Oyo at the invitation of the President of the Republic of the Congo to sign a Memorandum of Understanding on the creation of the Congo Basin Blue Fund.
The Moroccan sovereign wealth fund Ithmar Capital and Ghana Infrastructure Investment Fund (GIIF) have concluded a strategic partnership to explore co-investment opportunities in many areas and in several African countries.