A recent study published by scientific publishing "Springer Nature" delivers a sobering message, signaling an imminent surge in food prices fueled by the escalating global warming crisis. Conducted by a team of experts, the research paints a grim future, particularly for nations in the southern......
With the countdown to the 2030 FIFA World Cup underway, Morocco's excitement is palpable, and for good reason. A recent report by Valoris Securities, a prominent financial analysis and brokerage firm in the Moroccan stock market, has unveiled a significant opportunity for economic growth. Hosting......
Morocco is taking significant steps to fortify its economic resilience and sustainable growth trajectory by deepening its strategic ties with the International Monetary Fund (IMF). A recent meeting between Morocco's Ambassador to the United States, Youssef Amrani, and IMF Managing Director Kristalina......
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......
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