Ahmed Eljechtimi

Rabat

Covering Morocco for @Reuters. Opinions my own. Retweets aren’t endorsement. [email protected] alum @UniofExeter @CollegeofEurope @UIZAgadir

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Articles

Sino-Moroccan COBCO begins producing EV battery materials

2 days ago | reuters.com | Ahmed Eljechtimi

RABAT, June 25 (Reuters) - Sino-Moroccan company COBCO said on Wednesday it had begun production at a plant for lithium-ion battery components in Jorf Lasfar, 125 kilometres (78 miles) south of Casablanca. COBCO is a joint venture between Moroccan investment fund Al Mada and CNGR Advanced Materials, a battery materials producer. Sign up here. Morocco's proximity to Europe, automotive industry, free trade deals, and available phosphates and cobalt make it attractive to Chinese EV battery makers.
Moroccan central bank keeps benchmark interest rate steady at 2.25%

3 days ago | zawya.com | Ahmed Eljechtimi

The Moroccan central bank held its benchmark interest rate steady at 2.25%, saying current borrowing costs were consistent with the inflation outlook. Inflation would average 1% in 2025, following a drop in food prices, before ticking up to 1.8% next year, the bank said in a statement following its quarterly board meeting.
Morocco to review Turkish trade deal over expanding deficit, say sources

1 week ago | timeslive.co.za | Ahmed Eljechtimi

19 June 2025 - 16:50 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. An employee works at a textile factory in Istanbul, Turkey. File photo. Morocco is planning to review its trade agreement with Turkey and push for more Turkish investment to offset an expanding trade deficit driven largely by Turkish fabric imports, two sources told Reuters.
Morocco invests in desalination, waterways to mitigate drought

1 week ago | timeslive.co.za | Ahmed Eljechtimi

18 June 2025 - 14:30 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. Years of drought in Morocco have strained water resources, shrunk the national cattle herd and contributed to food price inflation and rising unemployment. Stock photo.
Morocco to review Turkey trade deal over expanding deficit, sources say

1 week ago | zawya.com | Ahmed Eljechtimi

Morocco is planning to review its trade agreement with Turkey and push for more Turkish investment to offset an expanding trade deficit driven largely by Turkish fabric imports, two sources told Reuters. Omar Hjira, the Moroccan cabinet member in charge of trade, will soon visit Turkey - Morocco's sixth-biggest trading partner - to discuss measures aimed at mitigating the $3 billion deficit, the sources, who attended a meeting with Hjira, said on Tuesday.
Morocco's Wafa Assurance to take over Egypt's Delta Insurance

1 week ago | zawya.com | Ahmed Eljechtimi

Wafa Assurance has agreed to acquire a majority stake in Egypt's Delta Insurance from its current owner Egypt Kuwait Holding Company, as it targets an expansion of its operations in the Egyptian market, it said on Monday. Wafa Assurance, a subsidiary of Morocco's top lender Attijariwafa Bank, offered a price of 40 Egyptian pounds per share in a deal that values the Cairo-listed company at 925 million dirhams ($100 million), it said in a statement.
Morocco invests in desalination, waterways to mitigate drought

2 weeks ago | whbl.com | Ahmed Eljechtimi

By Ahmed EljechtimiRABAT (Reuters) -Morocco is accelerating investments in desalination plants, water transfer projects and new dams to mitigate prolonged drought and meet rising demand from agriculture and cities, water minister Nizar Baraka said. Years of drought have strained water resources, shrunk the national cattle herd and contributed to food price inflation and rising unemployment. Morocco operates 17 desalination plants.
Vaccine group Gavi seeks to broaden donor base as aid budgets shrink

2 weeks ago | reuters.com | Ahmed Eljechtimi

Chief Executive Officer Gavi, the Vaccine Alliance, Sania Nishtar attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 22, 2025. REUTERS/Yves Herman/File Photo RABAT, June 11 (Reuters) - Global vaccine group Gavi is seeking new donors for its work funding childhood immunisation in the world's poorest countries, its chief executive told Reuters, as many traditional funders cut international aid budgets.
Royal Air Maroc nearing deals for Boeing and Airbus jets, sources say

2 weeks ago | zawya.com | Tim Hepher |Ahmed Eljechtimi

PARIS - Airbus is nearing a deal with Royal Air Maroc for around 20 of its small A220 passenger jets, gaining a foothold as the North African carrier also prepares to renew U.S. ties with a broader jet Boeing order, industry sources said. Royal Air Maroc has been in talks for over a year to renew its mainly Boeing fleet and is expected to stick with the U.S. planemaker for the bulk of its needs including more 737 MAXs and 787 Dreamliners as soon as next week's Paris Airshow, they said.
Airbus seeks to encroach on Royal Air Maroc's Boeing fleet renewal, sources say

2 weeks ago | yahoo.com | Tim Hepher |Ahmed Eljechtimi

By Tim Hepher and Ahmed EljechtimiPARIS/RABAT (Reuters) -Royal Air Maroc is nearing a deal with Boeing for dozens of jets to renew its fleet, though Europe's Airbus is preparing to gain a rare foothold with a smaller order for 20 A220 jets, industry sources said on Wednesday.