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Economy


Marrakech's M Avenue Unveils Gallery Showcasing Moroccan Design Brilliance

M Avenue, the prestigious shopping enclave in Marrakech, has introduced a new space dedicated to highlighting homegrown Moroccan design talent. Named "M'otion," the gallery was inaugurated on Friday with an exhibition featuring the finest works of nationally and internationally renowned......

ONCF Anticipates Sustained Growth in 2024 with 56 Million Passengers

Morocco's National Office of Railways (ONCF) has unveiled ambitious forecasts for 2024, aiming to transport 56 million passengers and generate a revenue of 4.6 billion dirhams (MMDH). These optimistic projections were revealed following the ONCF's Board of Directors meeting, chaired by the Minister......

Morocco Tops Global ICT Development Index

Morocco has secured the top position in the Information and Communication Technology (ICT) Development Index, as per the latest report from the International Telecommunication Union (ITU) for the year 2023. The country achieved an impressive score of 85.1, surpassing the global average of 72.8 out of......

Moroccan Government Forges Partnership with Notaries to Expand Housing Assistance

In a bid to ease the housing crisis and bolster homeownership across Morocco, the Ministry of National Planning has joined forces with the country's notaries. On Wednesday, Minister Fatima Ezzahra El Mansour and National Council of Notaries President Hicham Sabiry sealed an agreement aimed at streamlining......

Moroccan Airports Set New Passenger Record: Over 24.7 Million Travelers by End of November

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......

Navigating the Digital Frontier: Insights from the Casablanca Summit on Small Business Growth

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......

Tax Reform - The Court of Auditors Warns of Budgetary Impact on Households

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.......

Navigating Challenges on Morocco's Path to Reform State-Owned Enterprises

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......

Morocco Secures Billions in Short-Term Investments, Reflecting Strong Fiscal Health

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......

Digital Innovators Convene to Chart Morocco’s Digital Future

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......

New Collaboration Between TAMWILCOM and IFC to Accelerate Startups in Morocco

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 Empowers Its Energy Landscape: $2.5 Billion Project to Unify North and South Electric Grids

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......

Bank Al-Maghrib and Swiss SECO Form Strategic Alliance

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......