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Economy
Supply chain pressures risk stalling growth in a recovering industry Morocco's construction sector is grappling with persistent supply chain disruptions, with 16% of firms reporting significant challenges in sourcing raw materials during the third quarter of 2024. This is according to recent data......
Bitcoin has made headlines by reaching a historic high of USD 103,500 overnight before slightly retreating to USD 101,000 this morning. This surge, marking an impressive 70% increase since October and a 50% rise over the past month, underscores Bitcoin's strengthening position as both a hedge against......
Morocco and the African Development Bank (AfDB) are further solidifying their economic collaboration through strategic investments targeting infrastructure, agriculture, and large-scale projects related to the 2030 World Cup. This strengthened partnership was highlighted during a meeting in Rabat between......
The African Development Bank (AfDB) and Morocco’s Bank of Africa (BOA) have signed a landmark EUR 50 million risk-sharing agreement in Rabat, aimed at enhancing private sector financing and fostering trade across the African continent. The deal was finalized on the sidelines of the Africa Investment......
The World Bank has approved a $70 million loan to advance Morocco’s ongoing social protection reform, aiming to create a more inclusive and efficient system, particularly for vulnerable communities in rural and remote regions. The project, titled the “Morocco Second Identity and Targeting......
The Lobito Corridor is a large-scale infrastructure project that aims to connect Angola's Atlantic Ocean coast to the mining regions of the Democratic Republic of Congo (DRC) and Zambia. This project, which has garnered significant attention, is being promoted by US President Joe Biden during his......
What makes a city irresistible? Is it the hum of opportunity, the promise of a better life, or the quiet allure of green spaces and clean streets? As Africa’s cities continue to grow, fueled by rapid urbanization, a select few stand out as beacons of opportunity and innovation. Jeune Afrique’s......
OCP Group, Morocco's leading phosphate company, is preparing to issue bonds worth MAD 5 billion from December 10 to 12, 2024. This move aligns with the company's ongoing green investment strategy for 2023-2027, which has a substantial budget of MAD 130 billion. The Moroccan Capital Market Authority......
To stabilize the red meat market, Morocco has implemented key measures, including suspending import duties and VAT on fresh and chilled meats. Morocco is grappling with a significant decline in its national livestock due to consecutive years of drought and rising feed prices. This challenge has put......
Bitcoin has reached a new milestone, surpassing $100,000 for the first time in history, driven by the nomination of a crypto-friendly chairperson for the US Securities and Exchange Commission (SEC). This unprecedented surge in value has captured the attention of the crypto community, sparking widespread......
Saham Group has finalized its acquisition of Société Générale’s Moroccan banking and insurance subsidiaries, marking a significant milestone for the company and a notable return to the financial sector for its founder, Moulay Hafid Elalamy. The transaction, valued at......
Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, underscored the Kingdom’s commitment to fostering a sustainable mining industry during her speech at the first International Mining Congress of Morocco (IMC Morocco 2024) in Marrakech on Tuesday, according......
Morocco has introduced temporary anti-dumping tariffs on canned tomato imports from Egypt following an investigation by the Ministry of Trade and Industry. This move responds to a complaint from the National Federation of Food Industries, highlighting concerns about unfair trade practices affecting the......
