Category Archives: Morocco News
On the 14th and 15th of September, in Rabat, Morocco, Moroccan and Gabonese economic players are attending the Morocco-Gabon Forum 2017 whose main purpose is to contribute to the consolidation of economic and trade exchanges between Libreville and Rabat. Gabon shared its desire to see Morocco become a special business partner and establish their relationships as a model of South-South cooperation. Gabon wishes to invest $21 billion in the years ahead to upgrade its infrastructures and support diverse poles of growth away from oil industry.
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Groupi offers an innovative shopping experience in Morocco where buyers can consolidate their orders and buy directly from factories.
The brick red city of Maroc, Marrakech, holds one of the cultural, architectural, and ancient designs revived to suit modern comfort and style. The uniformity the city offers and its amazing market squares of ancient walls and history have drawn lots of visitors and tourists over the years. This makes it less surprising that Mövenpick Hotel Mansour Eddahbi Marrakech has reopened with a spectacular design by Studio MHNA – a Parisian interior designer, which has revived the hotel and transitioned it with a blend of 16th-century style depicting stories of the Saadian dynasty of Maroc. The rebirth of the Mövenpick Hotel Mansour Eddahbi is estimated at around 100 million USD and features modern styles including a fascinating lobby with an oasis, imaginary oasis and water features, fountain, ambient lighting,
The Moroccan Agency for Solar Energy (MASEN) has shortlisted 5 consortia to bid for the phase 1 of the 800 MW Noor Midelt solar power complex. Noor Midelt is the first complex that specifies hybrid plants including both CSP and PV. Total capacity is expected to reach 400 MW, of which 150 to 190 MW would be provided by CSP with with minimum of 5 hours storage.
The consortiums officially pre-qualified are:
With vigor and vision, the government of Morocco is racing toward a renewable energy target of 42% by 2020 under the Moroccan Solar Plan (MSP), which entails an investment of USD 9 billion to achieve 2 GW of solar energy installed capacity by 2020.
Casablanca and Nairobi rank as leading destinations for Fortune 500 companies establishing international headquarters
Overall, there was a 17% increase in the number of Fortune 500 companies in MEA in 2016 compared to 2015, with Johannesburg being the leading destination for Africa
Infomineo reveals rising global interest in the Middle East Africa region from Fortune 500 companies
Overall, there was a 17% increase in the number of companies in MEA in 2016 compared to 2015, with Johannesburg being the leading destination for Africa
A new seed investment fund dedicated to providing smart capital to African startups, launches in Morocco. The initiative is led by entrepreneurs, for entrepreneurs, and backed by some of the world’s most famous US and African serial entrepreneurs and angel investors. After three years of hard work connecting entrepreneurs and building a startup community in Morocco on the ground, a team of entrepreneurs has launched this new seed investment firm called OUTLIERZ.
The United Nations Economic and Social Council hosted its 6th Annual Youth Forum, January 30 and 31 for two days of engagement on global youth issues. Moroccan and African youth are expected to play a priority role in the success of the 2030 Agenda for Sustainable Development Goals.
Thirty-nine out of fifty-four states of the AU agrees to accept the Kingdom of Morocco back into the AU after the country opted out 33 years ago. Having being named as one of the brightest 50 economies in the world by Bloomberg, it is of no doubt that Morocco is having a very good economic prospect in Africa and also visionary in diverse sectors needed for economic growth by many other African nations. Morocco is the second largest African investor in the continent, and between 2003 and 2013, 51% of its foreign direct investment went to Sub-Saharan Africa, peaking at 88% in 2010.
Sub-Saharan Africa has been identified to be promoting Moroccan and French businesses as a study conducted by BearingPoint and Asmex indicates that Moroccan and French companies have attained a good position and growth level in some Sub-Saharan countries. The study which is titled “Developing in Africa: comparisons of Moroccan and French companies” and the third edition of BearingPoint’s International Development Barometer of international firms, depicts the good performance of about 250 Moroccan and French companies in five major countries across the region – including Algeria, Cameroon, Ivory Coast, Mali and Senegal.