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Economy
In a resounding call to action, China's Ambassador to Morocco, Li Changlin, has urged Chinese companies to expand their investments in the North African nation, particularly in the burgeoning sectors of renewable energy and automotive manufacturing. Addressing a roundtable organized by the Institute......
In a bold departure from its European stronghold, Ryanair, the titan of low-cost aviation, is embarking on a daring expansion into the Moroccan market, heralding a transformative shift in the nation's aviation dynamics. Under the stewardship of CEO Michael O'Leary, the Irish carrier has clinched......
Morocco is emerging as a key player in the global energy landscape, spotlighting its onshore and offshore sedimentary basins as prime territories for exploration. The National Office of Hydrocarbons and Mines (ONHYM) is set to shine at this year's Invest in African Energy (IAE) forum, securing a......
In a groundbreaking move that solidifies its position at the forefront of digital banking, Morocco's CIH Bank has forged an innovative partnership with Google. This strategic alliance paves the way for the highly anticipated launch of Google Pay, a cutting-edge contactless payment solution, in the......
The $25 billion Nigeria-Morocco Gas Pipeline (NMGP) project is on the brink of a significant milestone, as the final investment decision (FID) is expected by the end of 2024, announced Mele Kyari, Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL). Kyari made this......
Morocco is currently facing an alarming surge in unemployment rates among university graduates, reaching its highest level in over 18 years. According to recent data from the country's Higher Commission of Planning (HCP), the unemployment rate for degree holders has soared to a concerning 25.9% in......
Chariot Ltd, a leading Africa-focused energy company specializing in transitional power solutions, has announced a strategic evaluation of its Transitional Power division. This decision aligns with the company's reorientation towards its natural gas development assets in Morocco, with a primary objective......
Morocco's aviation sector is reaching new heights with a remarkable rebound, as indicated by data released by the National Airports Office (ONDA), showcasing a surge in passenger traffic by an impressive 17% in the first two months of 2024 compared to the same period last year. February 2024 proved......
Morocco has embarked on a monumental journey of tax reform, unveiling a series of groundbreaking initiatives set to redefine its fiscal landscape and catalyze economic prosperity. These sweeping reforms, spanning from the simplification of the Value-Added Tax (VAT) regime to the promotion of philanthropic......
The Kingdom of Morocco has just forged an unprecedented partnership with the African Development Bank (AfDB). The latter has granted a €100 million loan to the Communal Equipment Fund (CEF), aimed at financing sustainable infrastructure projects under the auspices of local authorities. It's......
In a recent survey conducted by Attijari Global Research, a significant majority of influential investors in Morocco's financial market are foreseeing Bank Al-Maghrib (BAM), the nation's central bank, to uphold its benchmark interest rate at the current level of 3%. The survey, which engaged......
In an era fraught with global tribulations, Morocco has emerged as a paragon of resilience, surmounting economic challenges and distinguishing itself on the world stage. The North African nation's extraordinary economic performance, marked by sturdy growth and a sharp decline in inflation, has captivated......
Morocco's ascent in the latest Human Development Index (HDI) has drawn commendation from the United Nations Development Programme (UNDP), marking a significant advancement for the North African nation on the global stage. Climbing three spots from 123rd to 120th place, this achievement stands as......
