Economy
Unemployment in Morocco has surged to 21.3%, according to the latest findings from the country’s general population and housing census. This marks a notable increase from the 16.2% unemployment rate reported in the 2014 census, signaling a growing labor market challenge. Chakib Benmoussa, the High......
New trends include links to sports betting, pyramid schemes, and cryptocurrency transactions. The Moroccan Financial Intelligence Unit (ANRF) has documented a sharp 31.48% increase in cases of money laundering and terrorism financing in 2023, as revealed in its latest annual report. A total of 71 cases......
Marsa Maroc, the Moroccan port operator, has secured €65 million in financing from the European Bank for Reconstruction and Development (EBRD) to modernize key port terminals in Morocco. This strategic partnership underscores Marsa Maroc's commitment to enhancing the country’s port infrastructure,......
Morocco’s new high-speed rail will cut journey times between Tangier and Marrakech from seven hours to just 2 hours 45 minutes by 2029. Morocco’s National Railways Office (ONCF) has awarded the eighth and final lot of civil engineering works for the Kenitra-Marrakech high-speed rail line......
The discussions on Day 2 of the Africa Financial Summit (AFIS) focused on solutions to steer the continent toward a more connected and inclusive financial future. Casablanca – Africa Financial Summit Shaping Financial Future The Africa Financial Summit (AFIS) is in full swing, with a strong focus......
The Moroccan government, led by Head of Government Aziz Akhannouch, has approved 56 investment projects valued at 134 billion Moroccan dirhams ($13.4 billion), signaling a robust commitment to economic development and employment generation. Strategic Investment Breakdown During the sixth session of......
The Moroccan government has unveiled a transformative plan to upgrade the nation's railway system, with an investment of MAD 87 billion ($8.7 billion). Transport Minister Abdessamad Kayouh announced this ambitious initiative on Monday, aiming to modernize the network in response to increasing demand......
India's Tata Group has secured a significant second contract to supply "LPTA 2445 Defence Dump Trucks" to the Royal Moroccan Army (FAR), marking a milestone in the growing defense collaboration between India and Morocco. This new agreement follows the previous delivery of 90 trucks configured......
Leaders gather in Morocco's economic capital to discuss investment, digital tools, and a united African financial market. Morocco is hosting the Africa Financial Summit (AFIS) for the first time in Casablanca. The two-day event, which began today and will run through tomorrow, brings together over......
The dollar-dirham exchange rate depreciated by 0.57% during the week of November 25 to 29, falling from 10.06 to 10. This marks a significant drop after the pair remained above the 10 dirham threshold earlier in the week, according to a report from Attijari Global Research (AGR). The decline was primarily......
China is increasing investments in Morocco to capitalize on the kingdom's strategic advantages, including its proximity to European markets and access to the African Continental Free Trade Area (AfCFTA). In an analysis by Ahmed Aboudouh, an associate fellow at Chatham House, Morocco is identified......
What makes a city irresistible? Is it the hum of opportunity, the promise of a better life, or the quiet allure of green spaces and clean streets? As Africa’s cities continue to grow, fueled by rapid urbanization, a select few stand out as beacons of opportunity and innovation. Jeune Afrique’s......
BANK OF AFRICA has solidified its reputation as an innovation leader with the launch of the first fully digital and collaborative platform dedicated to Supply Chain Finance (SCF) in Morocco. This groundbreaking solution is accessible to both buyers and suppliers, transforming financial flow management......
