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Economy


Former BMW Executive Appointed to Spearhead Morocco's Investment Strategy

In a significant move to enhance Morocco's economic landscape, King Mohammed VI has appointed Karim Zidane as Minister Delegate for Investment, Convergence, and the Evaluation of Public Policies (MICEPP), marking a strategic shift in the nation's approach to investment and governance. Zidane,......

EIB Strengthens Morocco Partnership with €1 Billion Post-Earthquake Recovery Investment

The European Investment Bank (EIB) has strengthened its long-standing partnership with Morocco by providing a significant €1 billion loan package. This marks a notable expansion of the EIB's nearly €10 billion investment in the country since 1979. EIB Vice President Ioannis Tsakiris outlined......

IFC Injects $37 Million to Modernize Morocco's Logistics Infrastructure

In a significant move to strengthen Morocco's logistics sector, the International Finance Corporation (IFC) has announced a $37 million investment in Building Logistics Services (BLS), a key logistics operator in the North African nation. The agreement, signed during the International Monetary Fund......

Credit du Maroc Announces Strategic Public Share Offering Worth 1 Billion MAD

Credit du Maroc is set to launch a significant public share offering, making available 1.2 million shares to both the public and employees as part of Holmarcom Finance Company's strategic initiative to enhance the bank's market presence in Morocco's financial sector. The offering, scheduled......

Women-Led SMEs Take Center Stage at ECA's North African Economic Forum

The Economic Commission for Africa (ECA) has concluded a significant policy dialogue in Rabat, Morocco, focusing on empowering women-led small and medium enterprises (SMEs) across North Africa. The two-day high-level meeting marked the culmination of a comprehensive two-year initiative aimed at strengthening......

Democratic Senators Challenge McDonald's on Menu Price Increases Amid Inflation Concerns

Three Democratic senators have expressed their concerns regarding recent price hikes at McDonald's, claiming that these increases exceed reasonable inflation adjustments. In a letter addressed to McDonald’s President and CEO Chris Kempczinski, Senators Elizabeth Warren, Bob Casey, and Ron Wyden......

Morocco's Railway System Unveils $939 Million Expansion Plan Through 2027

Morocco's National Railways Office (ONCF) has announced an ambitious MAD 9.78 billion ($939 million) investment strategy spanning 2025-2027, marking a significant advancement in the country's transportation infrastructure. The comprehensive plan, detailed in the public establishments and enterprises......

Morocco's Strategic Health Tax Reform: Balancing Public Wellness with Economic Growth

Morocco's parliament is taking bold steps toward modernizing its tax system through a comprehensive Finance Bill that targets consumable goods with significant public health implications. The proposed legislation, discussed in a recent ministerial council session led by King Mohammad VI, aims to......

Ryanair Expands Morocco-UK Connection with New Marrakech-Birmingham Flight Route

The European low-cost carrier Ryanair has announced a strategic expansion of its Moroccan network with a new route connecting the cultural hub of Marrakech to Birmingham, England, scheduled to commence in winter 2024. The airline will operate three weekly flights on this route, enhancing travel accessibility......

Morocco's Economic Trajectory: IMF Projects Steady Growth Through 2025

Morocco's economy is set for a calculated upswing, with the International Monetary Fund (IMF) forecasting growth rates of 2.8% in 2024 and 3.6% in 2025, signaling a gradual but promising recovery for the North African nation. The latest "World Economic Outlook" report presents an encouraging......

Ceuta's Financial Crisis Deepens as Migrant Youth Care Strains Budget

The autonomous city of Ceuta faces severe financial instability due to mounting costs associated with caring for unaccompanied migrant minors, according to government spokesperson Alejandro Ramírez. The Mediterranean enclave's administration describes its current financial situation as "practically......

Morocco Secures Major Foreign Investments While Preparing for Global Sports Events

Morocco's economic landscape is experiencing significant transformation, marked by substantial foreign investments and ambitious infrastructure developments. The nation's strategic focus on automotive manufacturing and green hydrogen initiatives is reshaping its industrial sector, while preparations......

Spanish Dairy Company Chooses Morocco to Boost International Sales

In a strategic move to expand its global presence, Spanish dairy company Pascual has identified Morocco as a key market for increasing its international sales. Currently exporting to 52 countries, the firm aims to boost its foreign revenue from €57 million to €100 million. Recent reports indicate......