info.afrindex.com
China-Africa Trade Information Service
With free zones where corporate taxes as low as 8.75 percent have attracted several automotive giants, Morocco has overtaken South Africa in passenger vehicle production and is looking to become the home of Africa’s biggest motor industry overall.
As one of the largest chemical enterprises in the world, Morocco's OCP Group is actively developing other markets in Africa, such as Ethiopia, etc.
Why are the big names of the oil and gas industry after Morocco? The question is not something to lose sleep over: the kingdom is politically stable, has an attractive legal framework, and is possibly sitting on important gas fields.
Just a month ago, the Amharic daily Addis Zemen published a news story, which carried public complaints on claims of possible environmental pollution due to ‘liquid waste’ released from Heineken Breweries Share Company’s largest beer plant located at Kilinto.
Morocco’s telecommunications company, Maroc Telecom, has invested nearly €6 billion in the last decade for infrastructural modernization projects and the improvement of the quality of its services in Africa, reported Maghreb Arab Press (MAP).
A Chinese-based firm has expressed its interest in the buyback of the SAMIR oil refinery. While the proposed amount was deemed insufficient Moroccan oil company, a site visit was scheduled and a proper proposal is pending approval.
Local businesses have signed trade and partnership deals with Moroccan counterparts, further strengthening relations between the two countries.
"The efforts are being made to boost production of pre-cast blocks and other construction materials, and thereby enhance construction activities in Gash-Barka region." Mr. Teklu Hagos said, Managing Director of Alebu Pre-cast Factory.