Economy
Morocco’s unemployment rate fell to 12.8% in the second quarter of 2025, down from 13.1% during the same period last year, according to figures released by the High Commission for Planning (HCP). This marks the first decline after several quarters of rising unemployment, driven largely by job creation......
Morocco’s cost of living experienced a modest decline in May, providing temporary relief to households following months of price instability. However, year-on-year inflation continues to weigh on budgets, highlighting the ongoing financial strain faced by many families. Monthly dip driven by food......
Morocco, one of the world’s top hashish producers, is undergoing a major transformation. With Law 13-21 legalizing cannabis for medical, cosmetic, and industrial uses, the country is shifting from black market cultivation to a regulated economy aimed at revitalizing its rural regions. A new legal......
In 2024, cement consumption in Morocco saw an increase of 9.4%, driven by the booming construction sector, fueled by rapid infrastructure development and preparations for upcoming international sporting events such as the 2025 Africa Cup of Nations and the 2030 World Cup. In this context, the company......
The recent decisions made by the Trump administration to drastically reduce funding for foreign aid through USAID are poised to have significant implications for humanitarian and economic development in Morocco. With the administration cutting over 90% of its foreign aid contracts and grants, various......
Norwegian group Alta Mar African Holdings has unveiled a significant aquaculture project in Safi, Morocco, committing $21 million (over 200 million dirhams) to marine fish farming. This initiative, centered on the production of high-value fish species such as Atlantic bluefin tuna, is expected to become......
Morocco's state phosphate company OCP has announced an ambitious MAD 139 billion ($14 billion) investment plan spanning 2025 to 2027, marking a significant expansion of its operations and sustainability initiatives. According to a recent report from the Ministry of Economy, the investment will be......
The coastal city of Safi, Morocco, is witnessing a significant transformation in its water management strategy with the launch of a cutting-edge seawater desalination plant. This ambitious project, spearheaded by the OCP Group through its subsidiary OCP Green Water, is set to revolutionize water supply......
In a significant step toward bolstering Morocco's higher education sector, the African Development Bank (AfDB) Group's Board of Directors has approved a staggering €120 million financing package. This financial injection will fuel the ambitious "Support Program for the Transformation......
