Chinese aeronautics firm Haite Group, Morocco-China International and BMCE Bank of Africa signed on May 12, 2016, a memorandum of understanding (MoU) to establish in Morocco, an China-Morocco industrial park, a China-Morocco $1bn investment fund, focused on financial services, aeronautics, industrial parks and infrastructure.
The agreement also plans for the creation of management fund and the reinforcement of partnership in the sectors of life insurance in China, plane leasing, as well as for a technical partnership for the establishment of a bank focused on new technologies in China.
The MoU is part of the fifteen public-private partnership agreements signed during Mohammed VI’s visit to China, and falling under the strategic partnership between both countries.
On May 11, 2016, King Mohammed VI and Chinese President Xi Jinping issued a joint statement for the establishment of a strategic partnership between Morocco and China and affecting the legal, economic, financial, industrial, cultural, touristic, power, infrastructure and consular fields. The goal is to boost bilateral cooperation in sectors with high potential for job and value-added creation. It also aims to prepare the country and the continent for the easy implementation of Chinese firms.
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
In a region strained by forced displacement, poverty, and limited access to economic opportunities, an innovative initiative is leveraging the synergy...
Chad begins drafting a manual to implement its National Digital Health Program Aims to ease doctor shortages via telemedicine and digital...
Renowned as one of Africa’s cleanest cities, Kigali has in recent years experienced a demographic surge that is challenging this reputation while...
Morocco’s Chbika project aims to export 200,000 tons of green ammonia yearly using 1 GW of renewables Supports EU hydrogen import goals; mirrors...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...