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Economy


Morocco's Investment Drive Targets Germany, Aiming for Sustainable Partnerships

After a successful roadshow in Spain earlier this year, the Moroccan Agency for Investment and Export Development (AMDIE) has focused its efforts on Germany, promoting Morocco as an attractive investment destination. From April 22 to 25, a high-level Moroccan delegation embarked on a multi-city tour,......

Moroccan-Turkish Energy Partnership Reaches New Heights

The National Authority for Electricity Regulation (ANRE) of Morocco recently hosted a high-profile Turkish business delegation led by Mustafa Ilker Kiliç, the Turkish Ambassador to Morocco. The meeting, held at ANRE's headquarters in Rabat on April 24, 2024, highlighted the growing collaboration......

Glovo and Visa partnership

Glovo has collaborated with Visa to provide online training videos to small and medium-sized enterprises (SMEs) in nine countries, including Morocco. These videos cover various topics such as digital payment and marketing. This initiative, launched as part of the Glovo Local initiative, aims to support......

Maroc Telecom marked a revenue growth by 1.2 %

Maroc Telecom reported a consolidated revenue of 9.1 billion dirhams by the end of March 2024, marking a 1.2% increase. This growth is primarily attributed to rising international revenues, which partially mitigated the decline in revenues within Morocco. The positive operational and financial outcomes......

Morocco Primes for Next Phase of Exchange Rate Flexibility

In a move poised to further liberalize Morocco's economy, Finance and Economy Minister Nadia Fettah Alaoui has signaled the nation's readiness to advance to the next stage of its flexible exchange rate regime. In an interview with SkyNewsArabia on Monday, Alaoui spoke optimistically about the......

Core Inflation in Morocco Dips Below 2%, Signaling Economic Stabilization

Morocco's core inflation rate, a critical economic measure that excludes volatile components like energy prices, fell below 2% in March 2024, according to a recent report from the High Commission for Planning (HCP). This decline marks a welcome shift from the high inflation that had gripped the nation......

Ambitious Underwater Rail Link Between Spain and Morocco Could Be a Game-Changer by the 2030 World Cup

A groundbreaking underwater train tunnel linking Spain and Morocco could be operational by the time the 2030 FIFA World Cup kicks off. According to researchers from the Spanish Society for Fixed Communications Studies (Secegsa), this ambitious project has been deemed viable, with construction expected......

Moroccan Retail Tech Builder: A Catalyst for Digital Commerce and Startup Growth

In a remarkable stride towards fostering digital transformation and nurturing entrepreneurial talent, the Moroccan Retail Tech Builder (MRTB) has reached an impressive milestone: incubating and supporting 100 startups in the dynamic realm of commerce. This pioneering venture builder, established in 2021,......

OCP Group's Ambitious $2 Billion Bond Fuels Green Transition

In a bold step toward sustainability, Morocco's phosphate giant OCP Group has launched an investor roadshow for a new international bond valued at up to $2 billion. This move follows the company's announcement in 2022 of a comprehensive $13 billion green transition plan, underscoring its commitment......

Managem Successfully Concludes Capital Increase Amid High Investor Demand

Managem, a leading Moroccan mining company, has announced the successful closure of its recent capital increase through a combination of cash contributions and debt conversions. The operation involved the allocation of 1,873,368 new shares, resulting in a total capital raise of nearly 3 billion Moroccan......

Morocco's Climate Action Excellence Positions Nation as Global Leader

Morocco has secured a remarkable 6th position among 63 countries evaluated in the 2024 Climate Change Performance Index, underscoring its steadfast commitment to combatting climate change. The annual assessment, conducted by CEOWorld, rigorously examines nations across key categories including greenhouse......

Morocco Boosts Livestock Imports for Eid Al Adha Celebrations

In anticipation of the forthcoming Eid Al Adha festivities, the Moroccan government has announced a significant increase in livestock imports to meet the heightened demand during this sacred Islamic event. Eid Al Adha, also known as the "Feast of Sacrifice," holds immense cultural and religious......

Morocco's Aerospace Ascendance: Royal Air Maroc and Safran Forge Deal to Elevate Aircraft Engine Maintenance

Morocco's aviation sector is propelling the nation to new heights, solidifying its position as a key player in Africa's aerospace resurgence. In a strategic maneuver, the national carrier Royal Air Maroc (RAM) and French aeronautic giant Safran have signed a memorandum of understanding, strengthening......