Economy
South Africa's energy challenges are poised to worsen as the nation confronts a looming gas shortage, exacerbating the longstanding electricity crisis that has persisted for over a decade. This imminent disruption in gas supply from Mozambique threatens to cripple various sectors of the economy,......
In a bid to provide timely financial relief during the festive period of Eid Al-Adha, Morocco's Deposit and Management Fund (CDG) has announced the early disbursement of pensions. This initiative will see pensions from retirement plans, solidarity fund annuities, and related assistance payments that......
Dubai's investments in Morocco have surged to an impressive $2.1 billion over the past decade, signaling a robust deepening of bilateral trade relations. As of the first quarter of 2024, the Dubai Chamber has registered approximately 850 Moroccan companies, with 99 new members joining in just the......
In a year marked by significant strides in energy development, Chariot, an Africa-focused transitional energy company, has reported impressive advancements across its gas, renewables, and green hydrogen projects, particularly in Morocco. The company's audited final results for 2023 highlight a series......
Casablanca was featured among the top 200 emerging ecosystems globally and ranked eighth in the MENA region. The Global Startup Ecosystem Report (GSER) 2024, unveiled by Startup Genome on June 10 during London Tech Week, has spotlighted Ben Guerir as a burgeoning force in the worldwide startup arena.......
In a significant milestone for economic cooperation, the United Arab Emirates (UAE) has firmly established itself as the largest Arab investor in Morocco and the second largest on a global scale. This development, highlighted by Hassan Berkani, President of the Casablanca-Settat Chamber of Commerce,......
In a landmark agreement poised to reshape the renewable energy landscape, Jan De Nul Group, a global powerhouse in marine construction, and Fortescue, a leading entity in green technology, energy, and metals, have joined forces. This collaboration aims to facilitate the transport of green electrons from......
The Moroccan preschool education sector is witnessing a new dynamic as Holding générale d'éducation SA (Holged) acquires Crèche jardin d'enfants Kenzi SARL. This transaction marks a significant milestone in Holged's expansion, further strengthening its investments......
In a bid to usher in a new era of sovereignty-focused industrial growth, Industrie du Maroc Magazine is set to host the sixth edition of Industry Meeting Morocco in Tangier on July 11-12. This year's event, themed “The New Industrial Era Driven by Sovereignty,” aligns with the strategic......
In the intricate landscape of the real estate sector, a modest 0.6% increase in prices since the beginning of the year marks a positive trajectory. Yet, the industry continues to grapple with multifaceted challenges. Eroding purchasing power, escalating construction material costs, and rising interest......
Africa's Largest Desalination Project Set to Address Morocco's Water Crisis In a significant leap towards addressing Morocco's burgeoning water crisis, Crown Prince Moulay El Hassan has officially commenced the construction of a monumental seawater desalination plant in Casablanca. The groundbreaking......
In a significant development marking a strategic collaboration between China and Morocco, Chinese companies are channeling substantial investments into transforming the North African nation into a key hub for electric car battery production and export. With investments amounting to at least €2.45......
The Moroccan economy continues to display resilience and investor confidence, maintaining market stability despite global economic fluctuations. Bank Al-Maghrib (BAM), the country's central bank, has significantly increased its interventions in the monetary market, injecting MAD 127 billion ($12.7......
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