Africa > North Africa > Business / Trade

Business / Trade in North Africa

  • India’s African safari

    INDIA, 2016/07/04 June 2016 has seen an unprecedented intensification of India’s relationship with Africa. In the initial week, Vice President Hamid Ansari visited Tunisia and Morocco. In the second week, President Pranab Mukherjee launched his whirlwind tour of Western and Southern Africa, covering Ghana, Cote d’Ivoire and Namibia. And, in July, Prime Minister Narendra Modi will visit Kenya, Mozambique, Tanzania and South Africa. Ever since the Third India-Africa Forum Summit (IAFS) in 2015, Modi has been building bridges with African nations, soliciting support for a host of multilateral initiatives. It’s as well unabashedly about business, a good example of geo-politics conference geo-economics. For instance, Ansari’s visit to Morocco and Tunisia are key, because India imports phosphate — a critical raw material for fertiliser production — from these nations. Ansari as well inaugurated an India-Morocco Chamber of Commerce during his trip to Rabat.
  • For Morocco, its proximity to Europe has been significant throughout its history.

    CASABLANCA, 2016/06/28 With growing economic prosperity and continuing political stability, Morocco continues to attract foreign investors. With an increasing focus on encouraging international commercial dispute resolution in Casablanca, the country is seeking to present itself as a business hub, as law firms push to open up in the region. Natasha Mellersh reports. For Morocco, its proximity to Europe has been significant throughout its history. The late King Hassan of Morocco described Morocco as “a tree whose roots reach deep into the African soil and whose leaves breathe in the winds of Europe”.
  • Economic integration is helping boost trade and investment in Africa

    BOTSWANA, 2016/05/13 The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.
  • Chinese PresidentXi Jinping(L) holds a welcoming ceremony for King Mohammed VI of Morocco before their talks in Beijing, capital of China

    CHINA, 2016/05/12 Chinese President Xi Jinping and King Mohammed VI of Morocco signed a joint statement on establishing a strategic partnership between the two nations. They signed the statement next talks at the Great Hall of the People, Beijing. The strategic partnership will be a milestone for the development of the bilateral ties and bring new opportunities for bilateral cooperation in all areas, Xi said. He added that China always attaches high importance to relations with Morocco, and will steadily support its efforts to maintain national stability and promote social and economic development. China as well appreciates Morocco's adherence to the one-China policy and its support on major issues concerning China's core interests.
  • China Wants to Sign a Free Trade Agreement With Morocco

    CHINA, 2016/05/12 China has proposed a free trade agreement with Morocco, according to a statement by the local news source Les Eco. The national-run press agency of the People’s Republic of China (PRC) said the two nations “are on track to conclude a series of strategic agreements covering the economy, trade, and investments in Africa.” News of the proposition comes less than a week next King Mohammed VI gave a speech at the joint Gulf Cooperation Council (GCC) summit in Riyadh, during which he said Morocco was looking to “diversify” its economic and political relationships by seeking stronger partnerships with major Asian nations, such as China and India.
  • Egypt, Mauritania sign six agreements, memos

    EGYPT, 2016/04/07 President Abdel Fattah al-Sisi and his Mauritanian counterpart Mohamed Ould Abdel Aziz signed six agreements and memorandums of considerate between the two nations in different fields. Abdel Aziz arrived in Egypt on Saturday for a three-day visit. The agreements included one on maritime cooperation, which was signed by Transportation Minister Galal al-Saeed and the Mauritanian foreign affairs minister. An agreement and memorandum of considerate relating to the housing sector were signed by Housing Minister Mostafa Madbouly and the Mauritanian foreign affairs and housing ministers.
  • Egypt Signs Agreements With Mauritania as Sisi Looks to Diversify Egypt’s Relations

    EGYPT, 2016/04/05 Egypt and Mauritania signed six memoranda of considerate with Mauritania on Sunday in the presence of the two nations’ presidents, Abdel Fattah Al-Sisi and Mohamed Abdel Aziz, according to a statement from Egypt’s National Data Services. The signed memoranda will see the two nations cooperate in the fields of maritime transport, building and housing developments, culture, petroleum and minerals, and the health sector, part others.
  • Morocco, Russia Set to Promote Trade

    RUSSIA, 2016/04/03 Government chief Abdelilah Benkirane talked on Friday with Russia’s Deputy Minister of industry and trade Victor Evtuhov which focused on the means to promote trade between the two nations. Both sides voiced their satisfaction with the friendship and cooperation relations between Morocco and Russia, noting that the strategic partnership between the two nations has been reinforced thanks to the official visit that HM King Mohammed VI paid to the Russian federation, the Chief of government’s office said in a statement.
  • Africa, India keen on strengthening bilateral relations

    INDIA, 2016/03/19 Trade between India and Africa has risen several folds over the years. According to statistics, bilateral trade grew to 72 billion US dollars in the fiscal 2014-15 from 30 billion in 2007. It is against this backdrop that the 11th India-Africa Business Conclave in New Delhi was aimed at boosting bilateral relations between the two. The summit was attended by over 400 delegates from 37 African nations.
  • Egypt's Sisi opens Africa economic summit to boost investment

    EGYPT, 2016/02/21 EGYPT’S President Abdel Fattah al-Sisi opened on Saturday an economic summit attended by African leaders and businessmen that aims to boost trade and investment across the continent. Additional than 1,200 delegates inclunding some heads of national will negotiate business agreements for the next two days at the Red Sea resort of Sharm el-Sheikh, to attract private sector investments in Africa.