Elcora, a Canada-based mining company focused on extracting electric car (EV) batteries metals, announced on Tuesday that it is preparing a ‘comprehensive’ extraction plan for manganese under the “Atlas Fox …
MOROCCO
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BusinessEconomyManufacturingMoroccoTechnology
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BusinessEconomyMorocco
Morocco Ranks 7th in the recently-publish Climate Change Performance Index 2023
Morocco has ranked seventh in the recently-published Climate Change Performance Index (CCPI) thanks to its commitment to decarbonization efforts and support of green solutions in the energy and transport sectors. …
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Banking, Finance & InvestmentBusinessEconomyMorocco
Bank Al-Maghrib and Foreign Exchange Office Sign a partnership Agreement
Bank Al-Maghrib (BAM), Morocco’s central bank, and the Office des Changes (OE), the country’s foreign trade watchdog, signed a partnership agreement on Monday in Rabat. The agreement aims to establish …
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Despite being a traditional energy import market, Morocco has worked on building competitive renewable energy infrastructure which contributed to boosting the attractiveness of the domestic market among foreign investors. This …
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AgricultureBusinessEconomyINVESTMENTMorocco
Spanish farmers worried about Morocco’s Growing Raspberry campaign
Morocco’s growing raspberry and blueberry exports are expected to saturate the European market, raising concerns among Spanish farmers, Manager of Freshuelva Rafael Dominguez told FreshPlaza. “Morocco is increasing its raspberry and …
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BusinessManufacturingMoroccoTechnology
Stellantis Invests €300 million in Kenitra Facility to Double local Production
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 …
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AgricultureBusinessEconomyINVESTMENTMarketsMorocco
Chile’s Agroberries to Invests €40 million to expand farming into Morocco
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 …
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Banking, Finance & InvestmentBusinessEconomyMoroccoTransportation & Logisitics
Morocco’s Railway Office Sign €192.4 Million Loan Deal with European Investment Bank
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 …
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BusinessEconomyManufacturingMorocco
Chariot,UM6P and Oort energy partner to launch Green Hydrogen Pilot Projects in Morocco
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 …
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BusinessEconomyEnergyMarketsMorocco
Morocco’s Trade Deficit expands to $50 Billion in the first nine months of 2022
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 …