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Keywords: Investment
The Chinese group "Jong Wei," a specialist in battery materials production, has announced a slowdown in its expansion across Asia, suspending a project in South Korea and postponing two others in Indonesia. However, the company reaffirmed its commitment to strengthening investments in Morocco,......
The Tanger Med port complex continues to experience strong growth, achieving a record revenue of 4 billion dirhams in 2024, marking a 10% increase year-on-year. In the fourth quarter alone, the port generated 1.016 billion dirhams, reflecting a 9% growth compared to the same period in 2023. The year......
Morocco's economy is poised for robust growth of 3.9% in 2025, building on its 3.2% expansion in 2024, as the International Monetary Fund advises the nation's central bank to implement an inflation-targeting framework and enhance debt reduction initiatives. The country has demonstrated remarkable......
Elon Musk has spearheaded an investment group proposing a $97.4 billion acquisition of the nonprofit overseeing OpenAI, escalating his ongoing conflict with the ChatGPT developer. The offer was disclosed in a recent report. Attorney Marc Toberoff, representing Musk, submitted the bid to OpenAI's......
Leaders from the political and tech industries are gathering in Paris for a major two-day summit on artificial intelligence (AI), aiming to find common ground on a technology poised to impact global business and society. Co-hosted by French President Emmanuel Macron and Indian Prime Minister Narendra......
Speakers of the parliaments of African Atlantic States have unanimously endorsed the Atlantic African States Process (AASP), an initiative spearheaded by King Mohammed VI. The Rabat Declaration, issued at the conclusion of their meeting on Thursday in Rabat, highlighted the ambition to transform the......
A significant cross-border investment has emerged in North Africa's startup ecosystem as Egyptian-based Beltone Venture Capital invests in Moroccan eyewear company LNKO. The investment, while undisclosed, will fuel LNKO's expansion across Africa. LNKO, established in 2020 by Maha Bennani, has......
The United Arab Emirates has pledged to invest billions of euros in France to construct an advanced artificial intelligence (AI) data center, according to an official statement released by the French presidency. This facility will serve as the core of a new AI "campus," featuring a capacity......
Morocco's prominent fertilizer producer OCP has successfully completed a $300 million bond issuance, furthering its expansion plans and financial strategy. The issuance follows the authorization granted by the company's Board of Directors in December of the previous year and complies with European......
