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Finance & Economy

Morocco: 13th world producer of peppers

FAO data indicates that in 2018, there were 36.771,48 million kilograms of peppers worldwide, with China being the world’s largest producer with 18.184,71 million kilograms. Morocco, for its part, produced 256 million kg, which gives it its 13th place. Analysis of this data also reveals that over the past decade, …

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TE Connectivity announces new investment in Morocco

An investment agreement was signed on Tuesday in Rabat by the Minister of Industry, Trade, Green and Digital Economy, Moulay Hafid Elalamy, and the senior vice-president of TE’s Automotive activity Connectivity, Matthias Lechner. It relates to the realization of a factory of the said company in Tanger Automotive City for …

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Varroc obtains a new loan from the EBRD

The European Bank for Reconstruction and Development (EBRD) is still funding Varroc. The European institution has just granted a loan of around MAD 160 million (15 million euros) to Varroc Lighting Systems Morocco. The loan will allow Varroc to continue supplying Renault factories in Tangier, Peugeot PSA in Kenitra as …

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A good year 2019 for Maroc Telecom

Maroc Telecom released its consolidated financial results for fiscal 2019 on Monday. The operator thus reports “solid operational performance”, which has enabled him to achieve “growing results, above his annual objectives”, as underlined by Abdeslam Ahizoune, chairman of the board of directors of Maroc Telecom. The group says it saw …

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FlixBus launches direct links between Morocco and France

German intercity bus company FlixBus announced Thursday that it will launch direct bus routes between France and Morocco from next Tuesday. Thus, 9 Moroccan cities, including Marrakech, Tangier, Fez and Casablanca, will be connected to 27 French cities. FlixBus will also develop domestic networks this year in Great Britain and …

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