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Economy


Morocco Secures Billions in Short-Term Investments, Reflecting Strong Fiscal Health

The Moroccan Treasury is currently experiencing a surplus of funds, as announced by the Treasury and External Finance Department (DTFE) under the Ministry of Economy and Finance on Wednesday. A noteworthy influx of nearly 5 billion Moroccan dirham (approximately $500 million) in new short-term investments......

Digital Innovators Convene to Chart Morocco’s Digital Future

Casablanca welcomed the launch of the highly anticipated 3rd International Congress “Digital Now!” today, hosted by the Club Des Dirigeants (CDD) in partnership with the Ministry of Digital Transition.  The two-day congress brings together pioneers across industries to discuss “SMEs......

New Collaboration Between TAMWILCOM and IFC to Accelerate Startups in Morocco

As part of the momentum initiated by the "Innov Invest Fund (FII)," TAMWILCOM and the International Finance Corporation (IFC), a member of the World Bank Group, have recently announced a strategic partnership. The aim of this collaboration is to establish an acceleration program for startups......

Morocco Empowers Its Energy Landscape: $2.5 Billion Project to Unify North and South Electric Grids

Morocco is embarking on a monumental $2.5 billion initiative to seamlessly connect the power grids of its northern and southern regions, facilitating increased transmission of renewable energy. The state-owned National Office of Electricity and Drinking Water (ONEE) recently issued a call for proposals......

Bank Al-Maghrib and Swiss SECO Form Strategic Alliance

A groundbreaking alliance was officially solidified on Monday between Morocco's distinguished Bank Al-Maghrib (BAM) and Switzerland's formidable State Secretariat for Economic Affairs (SECO), marking the commencement of a new chapter in their bilateral partnership focused on strengthening the......

Funding Secured for Vital Guercif-Nador Highway to Boost Morocco's Transport and Economy

The African Development Bank (AfDB) has allocated €246 million to fund the construction of the strategic Guercif-Nador highway in Morocco. This initiative is poised to revolutionize transportation infrastructure and catalyze economic growth. The funding package comprises €200 million from......

Morocco and Mauritania Foster a Novel Employment Partnership

In a groundbreaking collaboration, Morocco and Mauritania are joining forces to empower youth and revolutionize employment landscapes. The two nations solidified a three-year strategic cooperation program during high-level talks on Monday, laying the foundation for strengthened economic ties spanning......

Discovery of a Significant Copper Deposit in Morocco

In a groundbreaking announcement, Moroccan mining company Red Rock Mining has recently revealed a momentous discovery that has sent shockwaves through the global copper industry. Following two years of rigorous exploration in Morocco's Atlas Mountain range, the company has struck gold—or rather......

Advancing Water and Electricity Distribution: Morocco's Pursuit of Enhanced Services

The Moroccan Ministry of Interior is embarking on a transformative journey to revamp the nation's contracted water, electricity, and sanitation services with the goal of providing more reliable access for all citizens. Reports suggest that the establishment of new regional multi-utility distribution......

Marjane Achieves "Customer Service of the Year" Award for the Second Consecutive Year

Marjane, a leading Moroccan retailer, has once again secured the esteemed "Customer Service of the Year Morocco 2024" award in the "Mass Retail" category, marking its second consecutive triumph. The company's recognition stems from the establishment of a dedicated customer service......

OMTPME Strategic Plan 2024-2026 Approved, Aiming to Strengthen SME Development

The Board of Directors of the Moroccan Observatory for Very Small, Small, and Medium Enterprises (OMTPME) has given the green light to a comprehensive three-year strategic plan for 2024-2026 during its 7th meeting in Rabat. The primary objective is to fortify OMTPME's pivotal role in Morocco's......

Sluggish Reforms Impede Economic Recovery in Morocco

The General Confederation of Moroccan Enterprises (CGEM) has voiced its frustration regarding the sluggish pace of reforms in Morocco. In an article published in L’Economiste on Monday, December 18th, CGEM President Chakib Alj emphasized the urgent need to expedite stalled reforms, citing a growing......

Premiums Inch Upward in Moroccan Insurance Sector

The Moroccan insurance sector witnessed a modest 1.4% increase in premiums during the first nine months of the year, as reported by the Insurance and Social Welfare Control Authority (ACAPS). By the end of September, premiums had reached 42.94 billion Moroccan dirhams. In the third quarter alone, premiums......