Finance & Economy

January 19, 2022

Morocco: Trade Deficit Projected to Widen by 17.6% in 2022 (HCP)

Casablanca - Morocco's trade deficit is expected to widen to 17.6% of GDP in 2022, up by one percentage point compared to its level in 2021, according to the forecasts of the High Planning Commission (HCP).

The"...

January 19, 2022

Africashapers Lists Morocco’s Benkhadra as ‘Outstanding Executive’

Rabat - Africashapers, an African online news outlet, has featured Amina Benkhadra, Director General of Morocco’s Hydrocarbons and Mining Office (ONYHM) on its list of “100 Outstanding Female Executives in the Oil and Gas Industry” in 2021.

The"...

January 19, 2022

Moroccan Fish Products Increased by 36% in 2021

Rabat - The value of fish products in the Moroccan market has gone up by 36%, according to the latest data from Morocco’s National Fishing Office (ONP).

The same period saw a 3% year-over-year increase in"...

January 19, 2022

Morocco’s GDP Expected to Grow by 2.9% in 2022 (High Planning Commission)

Casablanca - The national economy is expected to grow by 2.9% in 2022, according to the High Planning Commission (HCP).

“Given an increase in taxes and duties on products net of subsidies of nearly 3.9%,"...

January 19, 2022

Morocco Launches New National Road Control Plan

Rabat - Morocco’s National Road Safety Agency (NARSA) organized on Monday 17 a special press conference for the presentation of the 2022-2024 national road control plan which is part of the 2017-2026 national road safety strategy, the agency reported in a press release.

The"...

January 19, 2022

Morocco’s HCP Predicts 6.1% Budget Deficit in 2022

Rabat - Morocco’s High Commission for Planning (HCP) forecasts the country’s budget deficit to remain stable at 6.1% of GDP in its 2022 Forecast Economic Budget (BEP), Morocco’s Press Agency (MAP) reported.

'Fiscal"...

January 18, 2022

BiologyWorks k(now)™ COVID-19 Clinical Trial Matches 99.1% Accuracy to RT-PCR Tests

BiologyWorks™, Inc., a digital healthcare platform company, today announced that a substantive clinical trial of its handheld, reusable molecular test for COVID-19 matched 99.1% accuracy to laboratory RT-PCR tests. The independent clinical trial, conducted by Locus Medicus in Athens, Greece, prospectively tested 330 patients with symptomatic and asymptomatic...

January 18, 2022

LG’s NEWEST INNOVATIONS EARN WIDE RANGE OF HONORS AT CES 2022

LG Electronics USA swept up a grand collection of CES® awards at the 2022 event across its home appliance, home entertainment and business solutions categories. In all, LG tallied approximately 150 awards and accolades from various publications covering the first-ever physical/virtual hybrid CES event. Among the top honors earned were 24 CES Innovation Awards...

January 18, 2022

Megaport Announces Partnership with TD SYNNEX as Leading Network as a Service (NaaS) Vendor Partner

Megaport Limited (ASX: MP1) ("Megaport"), a global leading Network as a Service (NaaS) provider, today announces a partnership with TD SYNNEX, a global IT distributor and solutions aggregator, to make Megaport’s global, private Software Defined Network (SDN) platform available to TD SYNNEX customers. “Bringing Megaport’s leading Network as...

January 18, 2022

AFC Raises $400 Million in Syndicated Loan for Critical Infrastructure in Africa

Africa Finance Corporation, Africa’s leading infrastructure solutions provider, has raised USD$400 million in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure. The three-year facility – the first from AFC since 2018 – was increased from an initial target of USD$300 million as strong interest...