Industry Dynamics

The shipment reflects growing cooperation between Rabat and Kingstown in key sectors such as education, agriculture, and trade. The two countries are currently developing “a roadmap for relations over the next three to five years,” Gonsalves told local media on Thursday.

Egypt has a clear strategy for generating green hydrogen and expanding renewable energy, Vice President of the European Commission, Frans Timmermans, said. Timmermans added that renewable energy from its various sources will be the winning horse for Africa over the coming period.

Genser Energy has been praised for giving opportunities to more Ghanaians to work in providing energy solutions to the industrial and mining sectors of Ghana and other parts of Africa.

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 than 22% market share in the MENA region by 2030.

The Moroccan Association of Fruit and Vegetable Exporting Producers (APEFEL) has announced its plans to double tomato exports amid the ongoing water scarcity crisis.

Chinese-owned garment manufacturer Omega Textile Maroc inaugurated its new textile factory on Tuesday, in Casablanca. The company specializes in the manufacturing of socks, lingerie, tights, stockings, and T-shirts.

All things being equal, the first tranche of the $1.13 billion cocoa syndicated loan will hit the account of the Bank of Ghana tomorrow, October 26, 2022. Joy Business sources at the Finance Ministry indicate that about $790 million is expected to come in from the consortium of b...

Munich-based provider of reusable packaging containers IFCO has announced the opening of its first service hub in Casablanca to support retail partners in importing fresh products from Morocco.

Minister of Finance, Mohamed Maait, stressed the need to create a flexible mechanism for the exchange of basic commodities between the countries of the African continent, especially wheat and fertilizers, in a way that helps in maximizing the capabilities of African economies.