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Economy


Addressing Morocco's Escalating Graduate Unemployment Crisis

Morocco is currently facing an alarming surge in unemployment rates among university graduates, reaching its highest level in over 18 years. According to recent data from the country's Higher Commission of Planning (HCP), the unemployment rate for degree holders has soared to a concerning 25.9% in......

Chariot Initiates Strategic Review of Transitional Power Division, Targets Moroccan Gas Assets

Chariot Ltd, a leading Africa-focused energy company specializing in transitional power solutions, has announced a strategic evaluation of its Transitional Power division. This decision aligns with the company's reorientation towards its natural gas development assets in Morocco, with a primary objective......

Morocco's Aviation Sector Witnesses a Remarkable Rebound

Morocco's aviation sector is reaching new heights with a remarkable rebound, as indicated by data released by the National Airports Office (ONDA), showcasing a surge in passenger traffic by an impressive 17% in the first two months of 2024 compared to the same period last year. February 2024 proved......

Morocco's Tax Transformation: Pioneering a New Era in Fiscal Policy

Morocco has embarked on a monumental journey of tax reform, unveiling a series of groundbreaking initiatives set to redefine its fiscal landscape and catalyze economic prosperity. These sweeping reforms, spanning from the simplification of the Value-Added Tax (VAT) regime to the promotion of philanthropic......

Morocco Secures a €100 Million Loan to Boost its Territories

The Kingdom of Morocco has just forged an unprecedented partnership with the African Development Bank (AfDB). The latter has granted a €100 million loan to the Communal Equipment Fund (CEF), aimed at financing sustainable infrastructure projects under the auspices of local authorities. It's......

Bank Al-Maghrib Poised for Stability: Financial Experts Predict Continuity in Interest Rates

In a recent survey conducted by Attijari Global Research, a significant majority of influential investors in Morocco's financial market are foreseeing Bank Al-Maghrib (BAM), the nation's central bank, to uphold its benchmark interest rate at the current level of 3%. The survey, which engaged......

Morocco's Resilient Ascension: Conquering Inflation and Economic Turbulence

In an era fraught with global tribulations, Morocco has emerged as a paragon of resilience, surmounting economic challenges and distinguishing itself on the world stage. The North African nation's extraordinary economic performance, marked by sturdy growth and a sharp decline in inflation, has captivated......

UNDP Applauds Morocco's Human Development Progress, Calls for Global Action

Morocco's ascent in the latest Human Development Index (HDI) has drawn commendation from the United Nations Development Programme (UNDP), marking a significant advancement for the North African nation on the global stage. Climbing three spots from 123rd to 120th place, this achievement stands as......

Crédit du Maroc Forges New Path, Prioritizing Middle Class and SMEs

In a strategic reorientation, Crédit du Maroc has announced its shift towards focusing on the burgeoning middle class, wage earners, and the small and medium-sized enterprise (SME) sector. This significant move deviates from the bank's traditional emphasis on large corporations, signaling......

Morocco Strengthens Position as Cameroon's Top African Trade Partner in 2022

Morocco has firmly established itself as Cameroon's primary African trade partner in 2022, showcasing remarkable economic strength by exporting a record-breaking 319,200 tons of goods valued at 70.5 billion CFA francs (approximately 109 million euros). This achievement is highlighted in the latest......

Morocco Bucks Economic Misery Trend in North Africa

In the midst of widespread economic turmoil across the region, Morocco shines as a beacon of relative stability, as revealed by the highly anticipated Hanke's Annual Misery Index (HAMI) for 2023. This globally renowned index, meticulously curated by esteemed economist Steve H. Hanke, offers a comprehensive......

ANDZOA: Fostering Sustainable Development and Economic Empowerment in Morocco's Oasis Zones

In Morocco's arid landscapes, the National Agency for the Development of Oasis Zones and Argan Trees (ANDZOA) emerges as a pivotal force for sustainable development and economic empowerment. Under the visionary leadership of Minister Mohammed Sadiki, ANDZOA has orchestrated remarkable progress, resulting......

Morocco and Germany Forge 'Privileged Partnership' for Renewable Energy Advancement

Morocco is strategically aligning itself with Germany, Europe's economic powerhouse, to propel its renewable energy aspirations forward. With an eye toward a greener future, the North African kingdom is pursuing a "privileged partnership" with Berlin, promising mutual benefits and a sustainable......