Economy
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......
In a recent survey conducted by Attijari Global Research, a significant majority of influential investors in Morocco's financial market are foreseeing Bank Al-Maghrib (BAM), the nation's central bank, to uphold its benchmark interest rate at the current level of 3%. The survey, which engaged......
In an era fraught with global tribulations, Morocco has emerged as a paragon of resilience, surmounting economic challenges and distinguishing itself on the world stage. The North African nation's extraordinary economic performance, marked by sturdy growth and a sharp decline in inflation, has captivated......
Morocco's ascent in the latest Human Development Index (HDI) has drawn commendation from the United Nations Development Programme (UNDP), marking a significant advancement for the North African nation on the global stage. Climbing three spots from 123rd to 120th place, this achievement stands as......
In a strategic reorientation, Crédit du Maroc has announced its shift towards focusing on the burgeoning middle class, wage earners, and the small and medium-sized enterprise (SME) sector. This significant move deviates from the bank's traditional emphasis on large corporations, signaling......
Morocco has firmly established itself as Cameroon's primary African trade partner in 2022, showcasing remarkable economic strength by exporting a record-breaking 319,200 tons of goods valued at 70.5 billion CFA francs (approximately 109 million euros). This achievement is highlighted in the latest......
In the midst of widespread economic turmoil across the region, Morocco shines as a beacon of relative stability, as revealed by the highly anticipated Hanke's Annual Misery Index (HAMI) for 2023. This globally renowned index, meticulously curated by esteemed economist Steve H. Hanke, offers a comprehensive......
In Morocco's arid landscapes, the National Agency for the Development of Oasis Zones and Argan Trees (ANDZOA) emerges as a pivotal force for sustainable development and economic empowerment. Under the visionary leadership of Minister Mohammed Sadiki, ANDZOA has orchestrated remarkable progress, resulting......
Morocco is strategically aligning itself with Germany, Europe's economic powerhouse, to propel its renewable energy aspirations forward. With an eye toward a greener future, the North African kingdom is pursuing a "privileged partnership" with Berlin, promising mutual benefits and a sustainable......
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