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Economy


U.S. Treasury Bond Yields Rise After Strong Jobs Report

U.S. Treasury bond yields rose on Friday after March employment data exceeded expectations. The yield on 10-year Treasury bonds increased by 7 basis points to 4.378%, while that of 2-year bonds rose to 4.715%. The U.S. economy added 303,000 nonfarm jobs last March, well above expectations, according......

Morocco and Germany Strengthen Cooperation in Investments and Energy

The Minister Delegate in charge of Investment, Convergence, and Policy Evaluation, Mohcine Jazouli, has held a meeting with Robert Dolger, Ambassador of the Federal Republic of Germany in Morocco, as part of preparations for a promotional campaign to be organized by the ministry and the National Agency......

Moroccan Economy Grows in Q1 2024 Despite Agricultural Challenges

The national economy of Morocco is reported to have grown by 2.9% in the first quarter of 2024, driven by a 4% increase in non-agricultural value added, according to the Haut-Commissariat au Plan (HCP). Despite a downturn in agricultural value added, economic activity continued to improve, mainly propelled......

MPG Group Announces Opening of Two Branches in Casablanca and Tangier

The Spanish MPG group, a leader in maritime transport, logistics, and project cargo handling, has announced the opening of two branches in Casablanca and Tangier. "The decision to establish in Morocco was not taken randomly. The choice of Casablanca and Tangier responds to their strategic geographical......

CTM Acquires Majority Stake from Bank Of Africa in AML

The Compagnie de Transports au Maroc (CTM) has announced the acquisition of the majority stake of Bank Of Africa in the maritime transportation company Africa Morocco Link (AML). The effective completion of the operation is subject to obtaining approvals from the competent authorities. The transaction......

French Minister Franck Riester Highlights Economic Cooperation with Morocco

French Minister Delegate for Foreign Trade, Attractiveness, Francophonie, and French Nationals Abroad, Franck Riester, is currently on a visit to Morocco. On Thursday, the French government official visited the French Chamber of Commerce and Industry in Morocco (CFCIM). Addressing a gathering of business......

United States Announces $500,000 Support for Laâyoune and Dakhla Projects

The United States has announced its intention to provide $500,000 in support to projects in Laâyoune and Dakhla, which could, once implemented, bring a new dimension to the investment promotion dynamic. The announcement was made through the U.S. Embassy in Morocco. According to the description......

New Car Sales in Morocco Decrease by 3.09% in March 2024

New car sales in Morocco reached 35,680 units by the end of March 2024, marking a 3.09% decrease compared to the same period in 2023, according to monthly statistics from the Association of Automobile Importers in Morocco (AIVAM). Breaking down the numbers by segment, the registration of new passenger......

Société Générale Launches "Solar Pack" Offer in Africa

In an innovative initiative, Société Générale is spearheading the energy transition in Africa with the launch of its flagship offer, the "Solar Pack." Through this offering, the banking group provides a turnkey solution to businesses and institutions in Africa to......

National Economic Growth: Rebound to 4.1% in the Fourth Quarter of 2023

The Moroccan national economy showed a notable improvement in the fourth quarter of 2023, according to data released by the High Commission for Planning (HCP). Economic growth reached 4.1%, marking a significant increase compared to the same period in 2022, when it stood at 0.7%. Driven by domestic......

Sustained Growth: Morocco's Aerospace Exports Rise by 18.7% in 2024

Morocco's aerospace industry continues its trajectory of growth, with exports showing a significant increase in the first two months of 2024. According to data provided by the Office des Changes, the sector's exports reached over 3.89 billion dirhams (MMDH), marking an impressive rise of 18.7%......

Attijariwafa Bank Spearheads Africa Development at FIAD24 Forum

With a resolute commitment to fostering economic growth and investment opportunities across Africa, Attijariwafa Bank is set to host the 2024 edition of the International Africa Development Forum (FIAD24) in Casablanca on June 27th and 28th, under the theme "Here, we invest." Expected to draw......

Thales Sets Sail for New Horizons in Morocco with Yan Levy at the Helm

In a strategic maneuver aimed at bolstering its foothold in North Africa, global technology titan Thales has named Yan Levy as the new General Manager for its Moroccan operations. This announcement, delivered via an official press release, underscores the company's steadfast dedication to aligning......