Economy
After experiencing a robust growth rate of 7.5% in 2022, the expansion of banking credit in Morocco has slowed down to 4.9% by the end of October 2023. This deceleration is attributed to a 3.8% decline in cash facilities, marking a notable contrast to their significant surge over the past three years.......
In a groundbreaking move towards digital innovation, BMCE Capital Bourse has unveiled its latest feature, enabling clients to subscribe entirely online. This enhancement is launched in conjunction with the initial public offering (IPO) of CFG Bank, where BMCE Capital Bourse serves as the co-lead manager. Revolutionizing......
Moroccan Minister of Industry and Trade, Ryad Mezzour, declared in Tangier on Wednesday that the country's electric infrastructure is poised to become the most integrated and competitive globally. This announcement was made during the inauguration of the 7th Automotive Subcontracting Show, a prestigious......
In a collaborative effort aimed at fostering stronger economic ties, Kenya and Morocco are actively working together to facilitate the reopening of a direct air route between Casablanca and Nairobi, as reported by insider sources. Although this route was briefly operational in the past, it is currently......
In 2023, Forsa, a Moroccan government initiative promoting youth entrepreneurship, has successfully incubated 11,200 project proprietors, as announced by the Ministry of Tourism, Handicrafts, and Social and Solidarity Economy on Wednesday. According to the ministry's statement, the program has significantly......
TotalEnergies is making a strategic move by investing £20 million to acquire a minority stake in Xlinks First Limited, a UK-based company founded in 2019. This places TotalEnergies alongside investors Octopus Energy and Abu Dhabi National Energy Company (TAQA). Xlinks aims to develop an extensive......
The International Atomic Energy Agency (IAEA) has identified Morocco as one of several countries with the potential to develop nuclear power capabilities in the coming years. In a presentation on Tuesday, IAEA Director General Rafael Grossi named Morocco alongside Ghana, Kenya, Nigeria, Namibia,......
Tuesday witnessed a surge in oil prices prompted by supply uncertainty, further exacerbated by reports of production disputes among OPEC+ members for the upcoming year. Brent crude, the international standard, was priced at $80.50 per barrel at 11:40 a.m. local time (0840 GMT), reflecting a 0.79% increase......
Morocco stands at the forefront of establishing new Special Economic Zones (SEZs) and attracting foreign direct investment (FDI), particularly in higher value-added technological industries. A recent report by Oxford Business Group, titled "How Special Economic Zones are shaping Africa's industrial landscape,"......
In a commitment to advancing sustainability in the construction sector, LafargeHolcim Morocco has recently forged two key partnerships with industry players to enhance the resilience of the construction industry. Saad Dalil, the Cement Commercial and Marketing Director at LafargeHolcim Morocco, emphasized......
In recent years, Morocco has witnessed a significant transformation in its financial landscape, particularly with the emergence of innovative mobile payment solutions. Initiatives such as "M-Wallet," launched in 2018 by Bank Al-Maghrib (BAM) and the National Telecommunications Regulatory Agency (ANRT),......
In a groundbreaking report, the Interbank Electronic Banking Center reveals a staggering 135.3 million transactions in Morocco's digital commerce sector, marking a revolutionary turn. The financial impact is evident, with transactions using Moroccan and international bank cards totaling MAD 58.8 billion......
The expansion of automated teller machines (ATMs) in Morocco has come to a near standstill, as only 13 additional machines were installed nationwide in the first nine months of 2023. This meager increase of 0.2% since last year's end, as reported by the Interbank Electronic Banking Center, highlights......
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