Morocco
UK fintech giant Revolut eyes Moroccan market
Revolut, the London-based fintech valued at around €41 billion and serving nearly 60 million customers worldwide, is preparing to expand
automotive
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Morocco
Fiat launches EV Morocco-made 3-wheelers
Global automaker Stellantis has unveiled it first-ever three-wheeled electric vehicle, the TRIS, manufactured by FIAT Professional in Morocco. The vehicle
Morocco
Morocco’s new EV battery gigafactory
Gotion Power Morocco, part of the Sino-European electric vehicle (EV) battery manufacturer Gotion High Tech, is expected to start construction
Egypt
GAC to localize car assembly in Egypt in push for African market
GAC Group will localize car production in Egypt under a deal signed with Jameel Motors, aiming to tap Africa’s
Egypt
Egypt’s Sylndr raises $15.7m to digitize used-car sector
Egyptian e-commerce startup Sylndr has secured $15.7 million in Series A funding to expand its tech-driven platform, this according
Opinion
Gearing up: the importance of Morocco’s automotive and aerospace sectors
In recent years, Morocco has established itself as a leading manufacturing hub in Africa, particularly in the automotive and aerospace
Morocco
Morocco’s manufacturing production output up 5% in Q4 2024
Manufacturing production output in Morocco grew by 5% year-on-year in the last quarter of 2024, following a strong 9.2%
Morocco
EU imposes tariffs on Moroccan aluminium wheels
The EU has imposed countervailing duties of up to 31.4% on Moroccan aluminium road wheels, citing unfair subsidies, including
Morocco
Chinese EV maker BYD brings Seagull car to Morocco
Global EV maker BYD has added the all-electric Seagull model to Morocco, as part of the company’s fleet of
Algeria
Algeria blocks Renault from reopening Oran factory
French automaker Renault remains unable to reopen its factory in Oran, Algeria, as political tensions between Paris and Algiers stall
Morocco
Japanese car companies explore investment in Morocco’s auto industry
In a move that looks likely to enhance Moroccan Japanese trade relations, a recent delegation of Japanese car companies has
Morocco
Morocco's trade deficit grows 6.5% in first eleven months
Morocco's trade deficit increased 6.5% to 275 billion dirhams ($27.2 billion) through November this year, according
Morocco
Morocco’s Central Bank expects auto sector exports to hit $20 billion by 2026
Morocco’s Central Bank expects that the outlook for Morocco’s current account balance to be ‘promising’, based on a