Economy
Chinese energy giant CHINT is intensifying its role in Africa’s energy transition by adopting a comprehensive localization strategy. This approach, encompassing renewable energy projects, grid infrastructure, and local manufacturing, reinforces the company’s commitment to driving sustainable......
Foreign direct investment (FDI) in Morocco rose significantly in 2024, reaching $1.64 billion—a 55% increase from $1.05 billion in 2023—according to the World Investment Report 2025, published by the United Nations Conference on Trade and Development (UNCTAD). This marks a critical milestone......
Morocco has been named one of the five focus countries for the second phase of the Acumen Resilient Agriculture Fund (ARAF II), a $132 million venture capital initiative designed to bolster climate resilience among small-scale farmers. This marks a significant step in Morocco’s commitment to sustainable......
Morocco is preparing to reassess its free trade agreement (FTA) with Turkiye as it seeks to address a growing trade deficit, which has reached alarming levels due to significant imports of Turkish textiles and fabrics. According to sources close to the matter, Moroccan officials aim to push for increased......
Morocco has taken a bold step in promoting women’s economic empowerment through the launch of the WE Finance Code initiative. Spearheaded by Bank Al-Maghrib (BAM), the European Bank for Reconstruction and Development (EBRD), and the International Finance Corporation (IFC), the initiative aims to......
Morocco has announced the launch of its first offshore wind farm, a 1,000-megawatt project set to be built near Essaouira. The landmark initiative, unveiled on June 10 during the Mediterranean Day at the UN Conference on Oceans (UNOC3) in Nice, marks a significant step in the country’s transition......
In a turbulent economic climate, Egypt's rental market is facing a monumental shift as decades-old rent control policies near their end. Since 2021, the Egyptian pound has plummeted by 70% against the dollar, with inflation soaring to a staggering 40%. These conditions have rendered the rental market......
Two prominent Moroccan banks, Attijariwafa Bank and Banque Centrale Populaire (BCP), have secured spots in the esteemed Forbes Global 2000 ranking of the world’s largest publicly traded companies for 2025. Attijariwafa Bank, under the leadership of CEO Mohamed El Kettani, ranks 979th globally,......
Morocco has emerged as the fourth most indebted country in Africa, with external debt reaching $45.65 billion in 2023, according to a report by the African Export-Import Bank (Afreximbank). The report, titled “State of Play of Debt Burden in Africa and the Caribbean," highlights Morocco’s......
Morocco imposes temporary tariffs of up to 92% on Egyptian PVC to protect national industry Morocco has imposed provisional anti-dumping duties on polyvinyl chloride (PVC) imports from Egypt. The new tariffs range from 74.87% to 92.19%, targeting imports under tariff code 3904.10.90.00. The decision......
Remittances from the Moroccan diaspora dropped by 3.7% by the end of April 2025 compared to the same period in 2024, according to the latest data from the Exchange Office. The total volume of funds sent home fell from MAD 37.27 billion ($4 billion) to MAD 35.9 billion ($3.88 billion), marking a decrease......
Morocco is poised to transition to a floating exchange rate regime in 2026, a move that underscores the critical role of its diaspora in maintaining economic stability. With over five million Moroccans living abroad, remittances have become a cornerstone of the national economy, reaching MAD 117.7 billion......
Morocco has secured a spot in the top 10 African startup ecosystems, according to the latest Global Startup Ecosystem Index 2025 from American consulting firm StartupBlink. The ranking shows progress for the North African country, but also reveals barriers that still limit growth. Morocco recorded the......
