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Economy


Alstom Secures €150 Million Deal to Introduce Next-Gen Trams in Casablanca, Boosting Morocco's Urban Mobility

In a significant move to enhance Casablanca's urban mobility, the bustling economic hub of Morocco is set to receive a cutting-edge fleet of trams, courtesy of the renowned French rail giant Alstom. The €150 million contract, secured through its Spanish subsidiary, underscores Alstom's commitment......

Driving Corporate Social Responsibility: Tanger, Morocco Hosts 11th Serious Game RSE Workshop

Tanger, Morocco is set to host the 11th edition of the Serious Game RSE Workshop on February 8th, illuminating the realm of corporate social responsibility (CSR) through interactive games. Organized by the 2024 graduating class of the eco-energy and industrial environmental engineering program at the......

Moroccan Trailblazer Rita Maria Zniber Receives Prestigious European Women's Leadership Award

Moroccan business tycoon Rita Maria Zniber has been honored with the highly esteemed European Women's International Leadership Award (EWILA) for her outstanding contributions in shattering gender barriers. The award ceremony took place in Brussels on Monday, recognizing Rita Maria Zniber alongside......

Morocco Launches Bold Green Initiative for Sustainable Growth and Job Creation

In a significant stride toward a more sustainable future, the Kingdom of Morocco unveiled a groundbreaking initiative this week—the Green Growth & Jobs Accelerator Project (GGJAP). This ambitious project, spearheaded by the United Nations Development Programme (UNDP) and supported by the Danish......

China's Aeolon Invests €220M in Moroccan Wind Farm, Boosting Renewable Energy

China's Aeolon is making waves in Morocco's renewable energy sector with its groundbreaking €220.8 million investment in a wind turbine blade factory. This move signals a significant vote of confidence in Morocco's potential to lead sustainable power production across Europe, Africa,......

Morocco Aims to Strengthen Economic Growth through Enhanced Collaboration with International Finance Corporation

Moroccan Minister of Economy and Finance, Nadia Fettah, held a pivotal meeting on Monday with a high-ranking official from the International Finance Corporation (IFC), emphasizing the importance of bolstering cooperation to support Moroccan companies and propel economic development in the Kingdom. Welcoming......

Veolia Faces $10 Million Fine from Competition Council for Breach of Competition Laws

Veolia Environnement, a prominent French utility company renowned for its expertise in water and waste management, is currently grappling with a significant fine of $10 million (100 million dirhams) imposed by the Competition Council. This body, an integral part of the Moroccan Competition Authority,......

Morocco and Italy Forge Renewable Energy Collaboration

Italy's keen interest in collaborative renewable energy initiatives with Morocco was highlighted by Aziz Akhannouch, the Head of the Moroccan Government, during a press conference in Rome following the "Italy-Africa: A Bridge for Common Growth" summit. The Italian government expressed eagerness......

Morocco Takes the Lead in Renewable Energy and Regional Collaboration

Prime Minister Aziz Akhannouch proudly asserts Morocco's pioneering role in renewable energy and strategic partnerships. Addressing the Italy-Africa Summit on Monday, Akhannouch underscored Morocco's prowess in solar and wind power. The North African nation embarked on its renewable energy strategy......

Visa Empowers Moroccan Fintech Ecosystem with Inaugural Fintech Day

Visa, a global leader in digital payments, recently organized the inaugural Fintech Day in Morocco, in collaboration with the Digital Development Agency, Technopark, and the Interbank Monetary Centre. The event brought together key players from Morocco's thriving fintech ecosystem to deliberate......

Laâyoune Power Plant: A Pioneering Leap Towards Sustainable Hydrogen-Powered Energy in Africa

The Laâyoune power plant in Morocco is poised to make history as Africa's inaugural facility entirely powered by green hydrogen, marking a transformative moment in electricity production across the continent. The 99 MW plant, currently reliant on heavy fuel oil, is slated for a groundbreaking......

Gastronomic Synergy: Atlas Hospitality Group and Marjane Group Forge Culinary Innovation in Morocco

In a groundbreaking move, Atlas Hospitality Group and Marjane Group have joined forces to launch a new culinary frontier in Morocco. The birth of "Flavors Food Company" signifies a strategic partnership, combining Atlas's hospitality prowess with Marjane's retail expertise, aiming to......

Spain Targets Morocco as Key Focus for Business Expansion and Investment

Morocco has emerged as a top destination for Spanish companies seeking international expansion, as highlighted by Spain's Secretary of State for Industry, Rebeca Mariola Torró Soler. Addressing a prestigious business forum in Barcelona on Monday, Soler emphasized Morocco's favorable investment......