Economy
In a remarkable achievement, Moroccan airports have witnessed a surge in passenger traffic, with a staggering figure of 24,737,734 passengers recorded until the end of November. This represents a notable 7% increase compared to the same period in 2019 and an impressive 34% growth compared to 2022, as......
CASABLANCA - The third "Digital Now!" summit concluded yesterday after two days of deliberations focused on empowering Moroccan small and medium enterprises (SMEs) to thrive in an increasingly technology-driven business landscape. The high-profile event brought together key figures from the......
The Court of Auditors is sounding the alarm. In its annual report released on December 19, the institution warns of the potential effects of tax reform on household budgets. Initiated by Law 69-19, this overhaul aimed to establish a fairer tax system while generating resources to fund public policies.......
Morocco embarked on an ambitious journey to reform its state-owned enterprises (SOEs) in 2018, aiming to streamline the public portfolio and enhance fiscal sustainability. However, the country faces persistent challenges, as revealed by the annual report from the Audit Court. The progress of the public-private......
The Moroccan Treasury is currently experiencing a surplus of funds, as announced by the Treasury and External Finance Department (DTFE) under the Ministry of Economy and Finance on Wednesday. A noteworthy influx of nearly 5 billion Moroccan dirham (approximately $500 million) in new short-term investments......
Casablanca welcomed the launch of the highly anticipated 3rd International Congress “Digital Now!” today, hosted by the Club Des Dirigeants (CDD) in partnership with the Ministry of Digital Transition. The two-day congress brings together pioneers across industries to discuss “SMEs......
As part of the momentum initiated by the "Innov Invest Fund (FII)," TAMWILCOM and the International Finance Corporation (IFC), a member of the World Bank Group, have recently announced a strategic partnership. The aim of this collaboration is to establish an acceleration program for startups......
Morocco is embarking on a monumental $2.5 billion initiative to seamlessly connect the power grids of its northern and southern regions, facilitating increased transmission of renewable energy. The state-owned National Office of Electricity and Drinking Water (ONEE) recently issued a call for proposals......
A groundbreaking alliance was officially solidified on Monday between Morocco's distinguished Bank Al-Maghrib (BAM) and Switzerland's formidable State Secretariat for Economic Affairs (SECO), marking the commencement of a new chapter in their bilateral partnership focused on strengthening the......
The African Development Bank (AfDB) has allocated €246 million to fund the construction of the strategic Guercif-Nador highway in Morocco. This initiative is poised to revolutionize transportation infrastructure and catalyze economic growth. The funding package comprises €200 million from......
In a groundbreaking collaboration, Morocco and Mauritania are joining forces to empower youth and revolutionize employment landscapes. The two nations solidified a three-year strategic cooperation program during high-level talks on Monday, laying the foundation for strengthened economic ties spanning......
In a groundbreaking announcement, Moroccan mining company Red Rock Mining has recently revealed a momentous discovery that has sent shockwaves through the global copper industry. Following two years of rigorous exploration in Morocco's Atlas Mountain range, the company has struck gold—or rather......
The Moroccan Ministry of Interior is embarking on a transformative journey to revamp the nation's contracted water, electricity, and sanitation services with the goal of providing more reliable access for all citizens. Reports suggest that the establishment of new regional multi-utility distribution......
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