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FINANCE & ECONOMY

December 8, 2019

Morocco’s Upper House Approves 2020 Appropriation Bill to Tackle Disparities

Rabat – Morocco’s House of Advisors (the upper house of the Moroccan parliament) has approved the government’s 2020 Appropriation Bill amid consistent royal directives to reduce the country’s persisting economic desparities and improve national performance in education"...

December 8, 2019

German Water Company to Fund Water and Sanitation Projects in Morocco

Rabat – Morocco’s National Office for Electricity and Drinking Water (ONEE) and German Kreditanstalt für Wiederaufbau (KfW) signed financing agreements to the tune of ‎€55.5 million on Thursday, December 5, in Rabat. The agreements cover several projects related"...

December 8, 2019

Fill Rate of Moroccan Dams Decreases in 2019

Rabat – Morocco’s Department for Water said in a statement on Thursday, December 7, that the storage capacity of Morocco dams has now reached 7.2 billion m3, a fill rate of 46.2%,

This year’s"...

December 8, 2019

Morocco’s International Reserves Climb to MAD 239.7 Billion

Rabat – Morocco’s Bank Al-Maghrib injected MAD 71.9 billion this past week, marking a 7.3% increase in the Kingdom’s net international reserves in the week of November 28 to December 4, 2019, compared to the same period in 2018.

International"...

December 8, 2019

Thousands of companies threatened with bankruptcy in Morocco

Despite efforts made to postpone payment deadlines, the late payment of dues threatens thousands of Moroccan companies with bankruptcy Al-Araby Al-Jadeed reported on Friday.

The reason behind the late payment"...

December 8, 2019

SHRM--Society for Human Resource Management and Prometric Renew Long-Term Partnership with Multi-year Agreement

Following a comprehensive procurement process, we’re excited to announce that SHRM--Society for Human Resource Management®, the voice of all things work, has selected Prometric® as its strategic testing partner. Under the renewal, Prometric will assist in the delivery of the"...

December 8, 2019

Phoenix Contact – Key Partner on the Road to a Smarter World

Ulrich Leidecker, President of the Business Area Industry Management and Automation, spoke at a press conference held at the SPS specialist automation trade fair in Nuremburg (November 26-28, 2019) about the development of Phoenix Contact's business situation in a year that was characterized"...

December 7, 2019

Marrakech to Host US-Africa Business Summit in June

Rabat – Moroccan Minister of Foreign Affairs and International Cooperation Nasser Bourita has announced that Marrakech will host the 13th US-Africa Business Summit in June 2020.

The statement came after"...

December 7, 2019

Bosch to Create More Jobs

Bosch Nigeria has reiterated its commitment to creating more jobs for Nigerian youths to address the enormous challenges of youth unemployment. This was made known during a media chat at the national finals of iCreate festival held in Lagos on Wednesday. Managing Director, Bosch Nigeria,"...

December 7, 2019

AFC Announces Joint Development Agreement with Brahms Oil Refineries Limited on the First Refinery in Guinea

Africa Finance Corporation (“AFC” or the “Corporation”), the leading infrastructure solutions provider in Africa is pleased to announce its Joint Development Agreement (“Agreement”) with Brahms Oil Refineries Limited (“Brahms”), which is part"...

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