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Finance & Economy

AfCFTA could finally be operational in Jan 2021

Initially scheduled for July 2020, the operationalization of the African Continental Free Trade Area (AfCFTA) could finally take place next January, the organization’s Secretary-General Wamkele Mene announced. According to the Secretary, the procedure was suspended due to the current Covid-19 pandemic but this gives time to member countries to conclude …

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RAM reduces its workforce and its planes

The top management of the RAM gathered the staff representatives yesterday to present to them the tracks envisaged for the exit from the crisis which generates losses of the order of MAD 50 million per day for the national company. It is about the implementation of a draconian restructuring plan. …

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Spanish Cepsa still invests in Morocco

In order to jointly boost the asphalt activity in Morocco and exploit synergies in the medium and long term, Madjaline Holding sells to Cepsa 40% of its interests in its companies Sorexi and Bitulife, leaders in the manufacture and sale of asphalt in Morocco. This transaction, which takes place in …

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