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Morocco: Two French defense companies get €400m contracts

Morocco has awarded two contracts worth €400 million to two French defense companies, French media La Tribune reported, adding that the official announcement will be made during President Emmanuel Macron’s planned visit to the kingdom in February. Nexter, a state-owned weapon manufacturer will, under a first deal valued at €200 million, supply an artillery systems […]

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Morocco-Tanger-Med : Container Traffic Up 38 pc in 2019

The Tanger-Med port complex posted in 2019 a 38 pc growth in container traffic and shipping compared to activities recorded last year. After Tanger-Med 2 terminal became operational, the port’s complex handled in total over 4.8 million containers in 2019, says the port activity report. 500 465 vehicles were handled on the two vehicle terminals […]

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Angola: Government vows to bring back Isabel dos Santos

Prosecutors in Luanda said they will use ‘all possible’ means to force return of businesswoman and daughter of ex-president, Isabel dos Santos, who built a business empire worth an estimated $2bn. Isabel’s wealth was revealed by the Luanda Leaks, a trove of 715,000 emails, charts, contracts, audits, and accounts that help explain how Dos Santos […]

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French ENGIE, Moroccan NAREVA to build 120MW-solar plant in Tunisia

ENGIE-NAREVA, a French-Moroccan consortium will build a photovoltaic power plant planned to produce 120 MW, in the Gafsa governorate, 350km south of capital Tunis. The joint venture won an international tender launched by the Tunisian energy ministry and Societe Tunisienne de l’Electricite et du Gaz (STEG), the country’s national electricity and gas company, Power Technology […]

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Rabat & Ankara Pledge to Readjust FTA in Two Weeks

Morocco and Turkey have agreed to adjust their Free Trade Agreement (FTA) so that it will be “beneficial for both parties”, said on Wednesday Moroccan minister of industry & trade Moulay Hafid Elalamy. He made the remarks after his talks held in Rabat with Turkish peer Ruhsar Pekcan on the sidelines of the 5th meeting […]

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Ethiopian Airlines to construct new $5 billion airport

Ethiopian Airlines will start constructing a new $5 billion airport later this year, the state-run Ethiopian News Agency reported on Wednesday. The airport, which will cover an area of 35 square kilometers, will be built in Bishoftu, a town 39 km south east of the capital, and will have capacity to handle 100 million passengers […]

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Morocco places order for two Spain-manufactured Patrollers

The Moroccan navy have placed an order for the purchase of two Spain-made patrollers. The deal is worth €260 million. Spanish state-owned shipbuilding company Navantia will build the two high class military vessels, Far-Maroc, a website specializing in Moroccan defense news, reported. The company, which operates a plant in Casablanca specializing in maintenance and boat […]

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Nigeria hosts a Forum on the implementation of the AfCFTA

Nigeria is hosting the National AfCFTA Forum on the “Effective Implementation of the AfCFTA for Industrialization and Inclusive Economic Development” from 5-6 December 2019, local media reported. The forum is co-organized by the United Nations Economic Commission for Africa (ECA), the European Union, the Manufacturers Association of Nigeria (MAN), the Nigerian Association of Chambers of […]

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Morocco-Russia: Sahara at Centre of Telephone Conversation Between Bourita & Lavrov

Moscow has reaffirmed its readiness to deepen political dialogue with Rabat for the settlement of the Moroccan Sahara issue.   The remark was made by Russian Foreign Minister Sergei Lavrov during a telephone conversation he had on Tuesday with his Moroccan peer Nasser Bourita. A statement issued by the Russian Foreign Ministry said the two […]

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Morocco’s OCP Group Wins Gold Medal for its High Safety Standards at Work

Morocco’s state-owned OCP Group, the world’s first producer of phosphate-based fertilizers, has received the IFA’s 2019 Industry Stewardship Gold Medal for the second year in a row at the Strategic Forum of the International Fertilizer Association convened lately in Versailles, France. The award recognizes OCP’s strong commitment in terms of safety and confirms the group’s […]

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