
Leoni Cable Solutions has started building its first factory in Africa, located in Kenitra, Morocco. The industrial unit, spanning 48,000 m², will include 18,000 m² for industrial and office spaces, with an additional 9,000 m² land reserve for future expansion. The factory will produce single-wire and multi-wire automotive cables, as well as data transmission cables for new-generation vehicles and major global automotive original equipment manufacturers. The project received support from national and local authorities. Ryad Mezzour, the Minister of Industry and Commerce, highlighted that this new unit aligns with Morocco's ambition to consolidate a high-tech, value-added industry and anticipates future mobility changes while strengthening local expertise. He noted that Leoni Cable Solutions' choice of Morocco for its first African investment and its first presence in the Kenitra region signifies strong confidence in the Kingdom's potential and confirms the growing attractiveness and competitiveness of Morocco's industrial platform for global automotive leaders. This facility supports the global automotive industry's shift towards more connected, automated, and data-oriented vehicles. It will enhance Morocco's capacity to produce high-tech automotive components for international markets. The highly automated factory will feature a dedicated laboratory for quality control of materials and products, meeting international automotive industry standards. The development will includ
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Must ReadBank Of Africa has signed two key agreements to enhance economic ties between China and Africa. The first partnership, signed on June 21 in Beijing with CIEC Group, focuses on preparing for the fifth China International Supply Chain Expo CISCE in 2027. This memorandum aims to promote African business participation, facilitate business meetings, and foster new partnerships between Chinese and African economic operators. Bank Of Africa, leveraging its international network including its Shanghai branch, sees this as reinforcing its role as a financial gateway and its commitment to the internationalization of African businesses. Two days later, the banking group concluded a second agreement with CCCME, a leading Chinese organization for foreign trade and industrial cooperation. This partnership seeks to strengthen economic and commercial exchanges between China, Morocco, and all countries where the Group operates, while promoting high-value-added industrial projects and investments. Operating in 31 countries with a strategic presence in Shanghai, Bank Of Africa intends to support Chinese companies' development projects in Africa with integrated financing, trade finance, and tailored banking services. These initiatives align with the Group's strategy to support trade and investment flows between Africa and its international partners, highlighting the growing South-South economic cooperation and Morocco's increasing role as a connector between Africa and major global economic hubs
Must ReadDonald Trump announced on Truth Social that Iran has fully and unconditionally agreed to submit to the highest level nuclear inspections for an unlimited duration, ensuring nuclear honesty. He stated this commitment was essential for continuing talks, and without it, no further negotiations would have occurred. Trump also mentioned that in light of this and other major concessions from Iran, he agreed to keep the Strait of Hormuz open, without a new naval blockade, though all ships remain in place should a blockade need to be reinstated. The former President also affirmed that funds and sanction relief authorized by the US Treasury Department would be placed in an escrow account under US control. These resources, according to Trump, will be used to purchase food and medical supplies exclusively from the United States, including corn, wheat, and soybeans from American farmers, which Iran desperately needs due to a humanitarian crisis. He added that negotiations are progressing well. Iran had temporarily suspended cooperation with the International Atomic Energy Agency IAEA after Israeli and American bombings against its facilities in June 2025. IAEA inspectors have since been unable to visit the affected sites, raising doubts about the state of Iran's highly enriched uranium stocks, a major point of contention with Washington. However, they have been permitted to visit other Iranian nuclear sites in recent months.
Must ReadAbdellatif Jouahri, Governor of Bank Al-Maghrib, held a live press briefing on June 23, 2026, at 4:00 PM. The event was covered by Le Matin.ma, which provided live updates and sharing options across various social media platforms including Twitter, LinkedIn, Facebook, and WhatsApp. The press briefing is part of the ongoing news coverage provided by Le Matin, which also offers e-papers and continuous news updates to its readers.