Royal Air Maroc (RAM) recently ordered 4 Boeing 787-9 Dreamliners, valued at $1.1 billion based on list prices, to continue providing the highest end international air travel service possible for the Moroccan flag carrier.
Morocco Tender and Business News
Varroc Lighting Systems, a global supplier of lighting solutions for automobiles and 2-wheelers headquartered in Plymouth, Michigan, is establishing a manufacturing and product development base in Morocco.
Two major new renewable energy projects in Morocco and Côte d’Ivoire just received US $324 million in loan support from the African Development Bank. The goal is both to increase clean energy supply to the countries and to keep the economies growing.
The UCLG Africa (www.AfriqueLocale.org/en) Climate Task Force was established last week at the 3rd Conference of the Parties (COP23) of the United Nations Framework Convention on Climate Change (UNFCCC) held in Bonn, Germany from November 6 -17 2017.
New York City based Mercer, a global consulting provider in health, wealth, and career, announced it is expanding in Francophone Africa via its new Casablanca Financial City hub in Morocco.
A national support workshop for the implementation of the economic dimensions of decentralization in Morocco will be held on November 2.
Morocco’s national railway operator, ONCF, ran a test of its new high-speed train last week. It ran on a test track between Kenitra and Tangier, and reached a high speed of 170 mph.
In a recent cargo dispute involving a shipment of phosphate mined in Western Africa, the South African Constitution ended up playing a major role in settling a dispute involving two Moroccan companies, South Africa, the disputed region of Western Sahara.
Chicago-based Hyatt Hotels & Resorts just announced plans to double the number of Hyatt Hotels in Africa by 2020. That will bring six new hotels in total in Africa, including ones in Algeria, Cameroon, Ethiopia, Tanzania, Senegal and Marrakech.
Endeavor Entrepreneurs, in conjunction with Ernst & Young Global's EY Vantage Program, is helping Rabat, Morocco, based Algo Consulting Group transform the way citizens connect with government services.
According to a report from Valencia, Spain, based ForwardKeys on airline capacity in Africa, Lagos, Nigeria in particular is showing a significant seat capacity decline in 2017. According to a spokesperson from AviaDev, a major airline route development conference in Africa, this comes directly from the difficulty in bringing revenues back out of the country in 2016.
The theme of this year's African Union Decentralization Day celebrated on August 10 was "Youth Participation". With 63 percent of Africa's overall population below the age of 25, getting youth involved in all aspects of society is critical to the continent's growth and health.
Senegal-based African fintech company InTouch (www.InTouchgroup.net) recently reached a deal with France-based Total, a global provider of oil, gas and solar energy solutions, and Worldline, a French e-payment service provider. The deal will bring rollout of InTouch's 'Guichet Unique" payment solution to eight African countries.
With a focus on how to help Africa to work together better as well as specifically to help African cities get access to climate finance funds, the Constituent General Assembly of the Network of Chief Technical Officers of Cities and Territories of Africa (Africa TechNet) was held from 03 to 05 July 2017 at Ivotel Hotel, of Abidjan (Côte d’Ivoire).
The Climate Investment Funds' Clean Technology Fund (CIF CTF) has granted Morocco a US $25 million loan for a project to generate solar power through a hybrid Concentrated Solar Power (CSP) and Photovoltaic (PV) solution.
On June 15, the 10 nominees who will be contending for the 2017 Innovation Prize for Africa were announced by the African Innovation Foundation (AIF) (www.AfricanInnovation.org). The top prize will be awarded on July 18 in Accra, Ghana.
Morocco was just announced as the recipient of a $350 million program to support new sources of financing for small-to-medium enterprises (SMEs), while also assisting with tighter regulatory oversight in the country's banking sector.
Africa Legal Network (www.AfricaLegalNetwork.com), with central offices in Kenya, just announced it has signed three new member firms which will expand its capabilities in Francophone Africa. These are based in Algeria, Guinea and Morocco.
Clarke Energy of the United Kingdom has been selected as the distribution partner for GE's Distributed Power for six new countries in Africa, for sales and support of their Jenbacher gas engine product line.
Germany just signed a Letter of Understanding to provide €15 million in support of the International Monetary Fund's capacity development activities across Africa in the context of the G-20 Compact with Africa.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
The Hilton Hotels group is planning a major expansion of its chain across North Africa. To do that, it has established a new dedicated development office in Casablanca.
On April 7, the United Cities and Local Governments of Africa (UCLG Africa) (www.UCLGA.org) Pan-African organization held a workshop in Rabat (Morocco) on how to access climate finance funds. The target audience for the event was local and regional authorities.
The African Airlines Association (AFRAA) has signed an agreement with Sabre Corporation, a global technology provider to the travel and tourism industry, for Sabre to provide consulting services to several of its member airlines.
On April 7, officials from the African Development Bank toured the Marrakech-Menara International Airport, Morocco's third airport project and one which was financed by the AfDB.