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Luxembourg's Minister of the Economy, Lex Delles, to lead economic mission to Morocco
via Le Matin1 min read
Luxembourg's Minister of the Economy, SMEs, Energy and Tourism, Lex Delles, will lead a high-level economic delegation to Morocco from May 4 to 7, 2026. This mission aims to strengthen the already robust economic ties between the two nations. The delegation will include the Luxembourg Chamber of Commerce and approximately twenty companies from various sectors, seeking to foster direct exchanges with Moroccan partners and identify new investment opportunities. This comes as Morocco sees an increase in structuring projects, particularly in infrastructure, industry, and telecommunications. Luxembourg is among the top ten foreign investors in Morocco, while Morocco is a dynamic partner for the Grand Duchy in Africa. A Morocco-Luxembourg Economic Forum will be held on May 5, 2026, in partnership with the General Confederation of Moroccan Enterprises CGEM, bringing together business leaders to discuss joint investment projects and concrete collaborations. This visit marks the fourth major official mission between the two countries in less than ten years, underscoring their shared commitment to a long-term economic partnership based on mutual interests.
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This summary was AI-generated from a story originally published by Le Matin.
Soufiane Bouchakour, an expert, states that drought is now a structural element of agriculture, not a cyclical event. He emphasizes that the current exceptionally rainy season, with dams at 72.1% capacity compared to 36.6% a year ago, should not lead to complacency regarding adaptation efforts. Bouchakour proposes three key changes for agricultural policies: prioritizing water usage for strategic food security crops like cereals and legumes over water-intensive export crops; shifting towards conservation agriculture and improved rainfed agriculture, including direct seeding, soil cover, and drought-tolerant varieties; and revising agricultural zoning to match crops with agroclimatic regions, supported by financial aid for reconversion. He also suggests strengthening sovereignty over basic products, maintaining export positions for high-value, low-water-consuming sectors, and accelerating the use of unconventional water resources, citing the national roadmap's goal of 1.7 billion cubic meters per year of desalinated water by 2030. Bouchakour criticizes current aid mechanisms for livestock, noting their ineffectiveness despite significant investment, leading to national herd erosion and increased meat prices. He identifies three weaknesses: aid is often short-term for structural problems, poorly targeted, and lacks traceability and accountability. He advocates for counter-cyclical aid, including generalized multi-risk climate insurance and stabilization funds. To better structu
Must ReadPratt & Whitney Canada officially opened its new production facility in the Midparc industrial zone in Nouaceur on April 21. This strategic investment, valued at $76 million, spans nearly 12,000 square meters for production within a total site of over 27,000 square meters. The plant will manufacture complex static and structural components for engine families including the PT6, PW500, PW300, and GTF series. This move aims to strengthen Pratt & Whitney's global supply chain and meet increasing demand for aircraft engines. The facility incorporates advanced machining equipment, digital systems, and lean manufacturing principles. The project currently employs nearly 80 people, with a goal of approximately 200 by 2030, supported by technical training programs to develop local skills. The choice of Morocco was based on its competitive environment, access to skilled talent, and developing industrial ecosystem. RTX, Pratt & Whitney's parent company, already has a presence in Morocco through Collins Aerospace since 2012, and this new plant further expands its local footprint. The company views this as a strategic extension of its global industrial network and a means to build more resilient supply chains, contributing to local economic development.
Mediterrania Capital Partners MCP has acquired Amcor Flexibles Mohammedia AFM, a Moroccan company specializing in flexible packaging solutions. Located in Mohammedia, AFM manufactures packaging for the dairy, pharmaceutical, food, and hygiene industries. The company has an industrial heritage dating back to 1949 and has been part of the Amcor group since 2010. MCP's acquisition aligns with its strategy to invest in leading mid-sized African companies to support their growth. MCP highlights AFM's potential for diversifying its offerings and client base within a resilient sector. The new shareholder plans to build upon AFM's achievements under Amcor, accelerate growth through targeted investments, improve operational efficiency, and strengthen governance. Maintaining high safety and quality standards is also a priority. MCP intends to collaborate with existing management to expand production capacity, broaden product offerings, and diversify the client portfolio, aiming to position AFM as a leading industrial platform for flexible packaging in Morocco and the wider region. With over 1.2 billion euros in assets under management and a presence in various African and international hubs, Mediterrania Capital Partners is expanding its industrial footprint in Morocco. This transaction underscores Morocco's appeal to international investors and the growing role of private equity in transforming the national industrial landscape.
Attijariwafa bank, the National Interprofessional Office of Cereals and Legumes ONICL, and the National Federation of Milling FNM have signed a partnership agreement during the 17th International Agricultural Show in Morocco SIAM. The collaboration aims to provide financial support to industrial millers, particularly those producing subsidized soft wheat flour, by addressing their cash flow challenges. The new mechanism allows eligible operators to anticipate public compensation payments through bank financing, thereby reducing payment delays and improving liquidity. This initiative is designed to help millers secure their industrial operations amidst volatile agricultural markets. Attijariwafa bank views this as part of its strategy to support the real economy and finance strategic sectors. ONICL strengthens its role as a market regulator, contributing to the compensation system's fluidity and national supply stability. FNM enhances its support for millers by facilitating access to financial tools. The partnership also includes plans for the future simplification and digitalization of processes to improve efficiency, transparency, and the experience of industry stakeholders. This collaboration is expected to positively impact the financial stability of millers, preserve jobs, and ensure the consistent production of subsidized flour, aligning with Morocco's food security objectives.