Vehicle manufacturer Stellantis has announced an investment of over €300 million in its Kenitra manufacturing facility in a bid to double local production capacity to 400,000 vehicles and reach more …
Chile’s vertically integrated producer, marketer, and distributor of berries Agroberries Limited is investing €40 million in the first phase of its expansion strategy in Morocco. The investment covers the planting of …
Moroccan fintech startup WafR has raised $120,000 from Casablanca-based fintech-focused venture capital First Circle Capital in its fourth round of funding in 2022. WafR has raised $1.2 million this year which …
Morocco’s National Railways Office (ONCF) signed a MAD 2.1 billion (€192.49 million) agreement on Wednesday. The budget represents 80% of an overall loan budget of €250 million the bank offered to …
The Moroccan Association of Fruit and Vegetable Exporting Producers (APEFEL) has announced its plans to double tomato exports amid the ongoing water scarcity crisis. The source added that the tomato exports …
Morocco’s Mohammed VI Polytechnic University (UM6P) has partnered with energy-focused Chariot and manufacturer of green hydrogen systems Oort Energy to launch green hydrogen pilot projects in Morocco. The projects are …
London-based mining company Alterian has announced the discovery of “high-grade copper and silver” in its recently-acquired Azrar Project located in the western Anti-Atlas Mountains. Samples from the project site, formerly …
Morocco’s trade deficit continues to climb to new heights amid the ongoing energy and grain price crisis. At the end of September 2022, the country’s trade deficit rose to MAD …
Morocco’s Minister of agriculture Mohamed Seddiqi said that Morocco has commenced the agricultural season with “very low” dam reserves compared to the past ten years. The minister made his remarks on …
Johannesburg-based Standard Bank has announced its plans to expand into North Africa, particularly in Morocco and Egypt. Africa’s largest lender by assets plans to enter the continent’s biggest economies to …