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Keywords: Investment


OCP Group's Financial Resilience: Turnover Surges Amid Market Volatility

In a testament to its adaptability and market prowess, OCP Group, a major player in global phosphate production, has reported a remarkable 15% increase in turnover for the first half of 2024. This impressive growth, reaching MAD 43.25 billion ($4.25 billion), comes despite challenging market conditions,......

Morocco's $14.7 Billion Water Strategy: Combating Scarcity with Innovation

In response to persistent water shortages, Morocco is accelerating the implementation of critical hydraulic projects across the nation. The government has significantly increased its investment to MAD 143 billion ($14.7 billion) to support these initiatives, which include the construction of dams, water......

Apple and Nvidia Set to Invest in OpenAI: A Strategic Shift in the AI Race

In a significant development, Apple and Nvidia are reportedly in talks to invest in OpenAI, according to the Wall Street Journal. This move would substantially strengthen their ties with a key player in the rapidly evolving AI landscape. These investments come as OpenAI, the creator of the renowned......

Morocco's Economic Shift: Akhannouch Unveils Job Creation and Investment Push

In a strategic move to bolster Morocco's economy, Head of Government Aziz Akhannouch has announced a renewed focus on investment and job creation for the second half of his term. Speaking at a Government Council session in Rabat, Akhannouch outlined a vision that balances economic growth with social......

Indonesian Fertilizer Firm Eyes Algeria’s Untapped Phosphate Potential

Indonesia’s Leading Fertilizer Company Considers Algerian Phosphate Investments Amid Global Market Competition PT Pupuk Indonesia, a major player in the global fertilizer industry, is exploring investment opportunities in Algeria's phosphate sector, according to recent reports from Algerian......

Morocco's Economic Surge Raises Concerns Over Regional Wealth Disparities

Morocco's recent economic boom, fueled by foreign investments and infrastructure projects, is masking growing concerns about uneven wealth distribution across the country. As urban centers and high-tech sectors flourish, there's a risk that rural areas and vulnerable populations may be left behind......

Morocco Invests $300 Million in Kenitra-Marrakech Rail Upgrade

Revitalizing Morocco's Rail Infrastructure Morocco's National Office of Railways (ONCF) has embarked on an ambitious project to enhance the conventional rail lines between Kenitra and Marrakech. This initiative is crucial for developing the high-speed rail link connecting these key cities. The......

Chariot Advances Moroccan Gas Ambitions with Anchois Drilling

Chariot Limited, a prominent energy firm focused on Africa, has embarked on a significant drilling operation at its Anchois gas project situated off the Moroccan coast. The arrival of the Stena Forth drillship marks the commencement of this high-stakes venture. The operation at the Anchois-3 well is......

Brazilian Senate Approves Landmark Investment Pact with Morocco

In a decisive move to enhance economic collaboration, the Brazilian Senate has sanctioned a legislative decree to facilitate investments with Morocco. This agreement, originally signed on June 13, 2019, during the visit of Morocco's Foreign Minister Nasser Bourita to Brasília, outlines a comprehensive......

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