Economy
Morocco is set to import up to 20,000 tons of red meat—both fresh and frozen—by the end of 2024 as part of its efforts to address domestic supply challenges. The latest move includes a new agreement to import sheep and goat meat from Argentina, broadening the existing beef trade between the......
Millions of Moroccan workers remain excluded from the national social security system, causing significant economic and social challenges. Hicham Sabri, the Secretary of Employment, highlighted the issue during a parliamentary session, revealing that the country loses approximately MAD 5 billion ($500......
Sound Energy has completed the partial divestment of its Moroccan gas assets to Managem Group, a transaction valued at up to $45.2 million. This move is in line with Sound Energy’s strategy to unlock greater value from its energy projects in Morocco. Graham Lyon, Executive Chairman of Sound Energy,......
Morocco has officially partnered with Atlas Marine to launch a commercial maritime route connecting Agadir to Dakar, marking a significant step in strengthening regional ties and fostering economic integration. The protocol agreement was signed by Karim Achengli, President of the Souss Massa Regional......
Lockheed Martin has significantly strengthened its presence in Morocco as part of its ongoing efforts to boost defense partnerships in the North African region. This year marks a milestone for the company, celebrating 50 years of collaboration with Morocco, beginning with the delivery of the first C-130H......
Africa’s automotive industry is poised for transformation as Morocco, the Democratic Republic of Congo (DRC), and Zambia collaborate on a pioneering electric mobility initiative. This regional effort, aimed at developing a robust electric vehicle (EV) value chain, was launched in Lusaka, Zambia,......
The discussions on Day 2 of the Africa Financial Summit (AFIS) focused on solutions to steer the continent toward a more connected and inclusive financial future. Casablanca – Africa Financial Summit Shaping Financial Future The Africa Financial Summit (AFIS) is in full swing, with a strong focus......
The Moroccan government, led by Head of Government Aziz Akhannouch, has approved 56 investment projects valued at 134 billion Moroccan dirhams ($13.4 billion), signaling a robust commitment to economic development and employment generation. Strategic Investment Breakdown During the sixth session of......
OCP Group, a leading Moroccan phosphate producer, is making strategic moves to expand its influence in the global animal feed sector. The company has submitted a proposal to Morocco's Competition Council to acquire a 75% stake in Spain’s Global Feed SLU, enhancing its control over the Spanish......
The Moroccan government has unveiled a transformative plan to upgrade the nation's railway system, with an investment of MAD 87 billion ($8.7 billion). Transport Minister Abdessamad Kayouh announced this ambitious initiative on Monday, aiming to modernize the network in response to increasing demand......
The funding aims to address Morocco's urban water demands and modernize supply systems in response to climate and population pressures. Morocco’s National Office of Electricity and Drinking Water (ONEE) has secured €104.7 million (MAD 1.15 billion) in funding from the African Development......
India's Tata Group has secured a significant second contract to supply "LPTA 2445 Defence Dump Trucks" to the Royal Moroccan Army (FAR), marking a milestone in the growing defense collaboration between India and Morocco. This new agreement follows the previous delivery of 90 trucks configured......
A groundbreaking joint venture between Morocco and the United Arab Emirates is set to revolutionize the renewable energy landscape, with a massive $25 billion investment in green hydrogen and ammonia production in Dakhla, southern Morocco. Strategic Investment Overview The renewable energy company......
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