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Economy


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......

SDX Energy Shifts Focus from Egypt to Morocco, Expands Green Energy Agenda

In a strategic move aimed at streamlining operations and intensifying its focus on Moroccan assets, SDX Energy, a London-listed energy company, has signed a binding agreement to divest its West Gharib interests in Egypt for $6.6 million. This transaction marks a pivotal moment in the company's pursuit......

Advancements in Morocco's Reform Agenda: Nadia Fettah Spotlights Strides Under King Mohammed VI's Leadership

During a ministerial roundtable organized by the World Bank Group in Washington, D.C., Minister of Economy and Finance Nadia Fettah highlighted Morocco's robust reform agenda under the leadership of His Majesty King Mohammed VI. Nadia Fettah emphasized, "Our country is committed to a solid......

SOGETREL Launches Genius Services, its New Moroccan Subsidiary to Propel its International Expansion

In an inaugural ceremony presided over by Ms. Ghita Mezzour, Minister of Digital Transition and Administrative Reform, SOGETREL, the independent French company specializing in digital infrastructure services, has unveiled its new Moroccan subsidiary, Genius Services. Speaking alongside H.E. Mr. Christophe......

Groupe Atlantique Partners with CDG Invest to Enhance Higher Education Excellence in Morocco

In a groundbreaking development, Groupe Atlantique, a renowned multidisciplinary institution recognized for its educational excellence, has forged a strategic partnership with CDG Invest, Morocco's state-owned investment fund. This alliance, announced on April 15, aims to elevate the standards of......

Dakhla Port's Q1 Fishing Haul Soars 46%, Boosting Local Economy

In an impressive demonstration of resilience, the port of Dakhla experienced a remarkable 46% surge in coastal and small-scale fishing landings during the first quarter of 2024, as reported by the National Fisheries Office (ONP). This surge amounted to an astounding 22,918 tonnes, significantly surpassing......