The national economy of Morocco is reported to have grown by 2.9% in the first quarter of 2024, driven by a 4% increase in non-agricultural value added, according to the Haut-Commissariat au Plan (HCP). Despite a downturn in agricultural value added, economic activity continued to improve, mainly propelled......
The Spanish MPG group, a leader in maritime transport, logistics, and project cargo handling, has announced the opening of two branches in Casablanca and Tangier. "The decision to establish in Morocco was not taken randomly. The choice of Casablanca and Tangier responds to their strategic geographical......
The Compagnie de Transports au Maroc (CTM) has announced the acquisition of the majority stake of Bank Of Africa in the maritime transportation company Africa Morocco Link (AML). The effective completion of the operation is subject to obtaining approvals from the competent authorities. The transaction......
French Minister Delegate for Foreign Trade, Attractiveness, Francophonie, and French Nationals Abroad, Franck Riester, is currently on a visit to Morocco. On Thursday, the French government official visited the French Chamber of Commerce and Industry in Morocco (CFCIM). Addressing a gathering of business......
The United States has announced its intention to provide $500,000 in support to projects in Laâyoune and Dakhla, which could, once implemented, bring a new dimension to the investment promotion dynamic. The announcement was made through the U.S. Embassy in Morocco. According to the description......
New car sales in Morocco reached 35,680 units by the end of March 2024, marking a 3.09% decrease compared to the same period in 2023, according to monthly statistics from the Association of Automobile Importers in Morocco (AIVAM). Breaking down the numbers by segment, the registration of new passenger......
In an innovative initiative, Société Générale is spearheading the energy transition in Africa with the launch of its flagship offer, the "Solar Pack." Through this offering, the banking group provides a turnkey solution to businesses and institutions in Africa to......
The Moroccan national economy showed a notable improvement in the fourth quarter of 2023, according to data released by the High Commission for Planning (HCP). Economic growth reached 4.1%, marking a significant increase compared to the same period in 2022, when it stood at 0.7%. Driven by domestic......
Morocco's aerospace industry continues its trajectory of growth, with exports showing a significant increase in the first two months of 2024. According to data provided by the Office des Changes, the sector's exports reached over 3.89 billion dirhams (MMDH), marking an impressive rise of 18.7%......
With a resolute commitment to fostering economic growth and investment opportunities across Africa, Attijariwafa Bank is set to host the 2024 edition of the International Africa Development Forum (FIAD24) in Casablanca on June 27th and 28th, under the theme "Here, we invest." Expected to draw......
In a strategic maneuver aimed at bolstering its foothold in North Africa, global technology titan Thales has named Yan Levy as the new General Manager for its Moroccan operations. This announcement, delivered via an official press release, underscores the company's steadfast dedication to aligning......
Morocco has been thrust into the global spotlight as one of the leading debtors to the International Monetary Fund (IMF), ranking 17th globally with a staggering $1.34 billion owed to the financial institution. This revelation, based on recent data analyzed by Insider Monkey, sheds light on the Kingdom's......
In the wake of violent confrontations between Moroccan taxi drivers and operators of app-based ride-hailing services, Minister of Transportation Mohamed Abdeljalil has stepped forward to confront the contentious issue of regulating the burgeoning ride-sharing industry. His remarks come amidst rising......
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