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Economy
In a landmark event on April 26, 2024, Bpifrance, the French public investment bank, and INNOVX, a Moroccan multisectoral firm focused on innovative and sustainable enterprises and ecosystems, formalized a strategic partnership agreement. The ceremony was attended by Nadia Fettah Al Alaoui, Minister......
SB3S Seed to Scale Studio has launched its much-anticipated "3rd ACT" program, inviting submissions for a groundbreaking initiative that will support and fund 10 innovative startups in their journey toward investment. SB3S is one of 12 organizations accredited by Tamwilcom under the Innov......
After a successful roadshow in Spain earlier this year, the Moroccan Agency for Investment and Export Development (AMDIE) has focused its efforts on Germany, promoting Morocco as an attractive investment destination. From April 22 to 25, a high-level Moroccan delegation embarked on a multi-city tour,......
The National Authority for Electricity Regulation (ANRE) of Morocco recently hosted a high-profile Turkish business delegation led by Mustafa Ilker Kiliç, the Turkish Ambassador to Morocco. The meeting, held at ANRE's headquarters in Rabat on April 24, 2024, highlighted the growing collaboration......
Glovo has collaborated with Visa to provide online training videos to small and medium-sized enterprises (SMEs) in nine countries, including Morocco. These videos cover various topics such as digital payment and marketing. This initiative, launched as part of the Glovo Local initiative, aims to support......
Maroc Telecom reported a consolidated revenue of 9.1 billion dirhams by the end of March 2024, marking a 1.2% increase. This growth is primarily attributed to rising international revenues, which partially mitigated the decline in revenues within Morocco. The positive operational and financial outcomes......
In a move poised to further liberalize Morocco's economy, Finance and Economy Minister Nadia Fettah Alaoui has signaled the nation's readiness to advance to the next stage of its flexible exchange rate regime. In an interview with SkyNewsArabia on Monday, Alaoui spoke optimistically about the......
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......
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......
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,......
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, 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 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......
