BioNTech, a German biotechnology company specializing in the development and manufacture of active immunotherapies in the treatment of serious diseases, is betting on Africa to boost its production. In this sense, it plans to open a factory in one of the following five countries: Morocco , Egypt, South Africa, Tunisia or Senegal.
King Mohammed VI made a beautiful gesture towards the family of the Royal Armed Forces (FAR). He gave his approval for a draft decree exempting the beneficiaries of the martyrs of the nation, the disabled during military operations and the repatriated and rallied military personnel, from land registry fees. This decree has already come into force.
Morocco has raised its reduction commitment, to at least 45.5% of its greenhouse gas emissions, by 2030.
Morocco will locally manufacture Covid-19 vaccines . Through the signing of cooperation agreements with the Chinese pharmaceutical giant Sinopharm, the project will start "in the short term". The production lines, cold rooms and packaging units of Sothema are supervised by a mixed team. The production of vials to contain the vaccine, launched months ago, should be completed soon.
Morocco will record a current account deficit of 3.8% of GDP at the end of this year before easing to 2.6% in 2022. Driven by the automotive, electronics or phosphate sectors, exports are expected to grow by 14.5% in 2021, then increase by 5.6% in 2022.
Morocco is considering retaliatory measures against Egypt, accusing it of pursuing a "blocking" policy against Moroccan products. A situation that costs the kingdom some 6 billion DH annually.
Large-cap Moroccan companies, such as Cosumar and the Société Métallurgique d’Imiter (SMI), will benefit from the current rise in commodity prices despite the fact that the situation is unfavorable for many companies around the world. This is revealed in a recent analysis by the Attijari Global Research research center.
The anti-dumping measures applied to imports of plywood from China will be maintained until next year. This decision aims to protect Moroccan production.
The construction work on the port of Nador West Med should be completed by the end of 2022. This was announced by Abdelkader Amara, Minister of Equipment and Transport, following a recent visit to this major project launched more than five years ago in the Oriental region.
The company Gigalab announces the launch of its industrial manufacturing unit for a PCR test and two rapid tests "Made in Morocco". 2,000,000 units will be produced every month for each Covid-19 test.
King Mohammed VI has given instructions to the authorities of Fnideq for the projects of the city’s industrial zone to be carried out as quickly as possible. The prefecture of M’diq-Fnideq is already on the ground.
The Mutandis industrial group announced on Wednesday the acquisition of all the assets of the American company Season Brand, active in the production and marketing of high-end canned sardines.