Economy

The African Development Bank (AfDB) is poised to inject a substantial investment of more than 850 million dirhams (equivalent to 84 million euros) into Morocco's forestry sector. The Board of Directors of the AfDB Group has approved this financing as part of a project aimed at supporting the inclusive......

Morocco has solidified its position as the undisputed leader in the European Union's tomato import market, capturing an astounding 65% share in 2023. This commanding presence has sent shockwaves through the agricultural sector, leaving many to ponder the implications of Morocco's ascendancy. As......

Al Barid Bank et Barid Cash ont conclu un partenariat stratégique avec Ria Money Transfer, l'un des leaders mondiaux des transferts d'argent transfrontaliers. Al Barid Bank vient de signer un accord stratégique avec Ria Money Transfer pour offrir, dans toutes les agences du groupe,......

British energy firm Chariot Limited has struck a significant gas discovery at its OBA-1 well in the sun-baked deserts of northern Morocco. The company's recent drilling operation has uncovered a treasure trove of gas reservoirs, offering a glimpse into the region's untapped energy potential. Situated......

Morocco's technology ecosystem is ripe with possibility, poised to cultivate a garden of innovation that could transform the African continent. With a robust telecommunications infrastructure and a banking sector embracing digitization, the nation stands at the precipice of establishing itself as......

In a significant move to bolster the vibrant tradition of weekly souks (markets) across Morocco, the government has allocated a staggering one billion dirhams to an ambitious rehabilitation program. This multifaceted initiative, unveiled by Interior Minister Abdelouafi Laftit, aims to address the challenges......

Moroccan aviation powerhouses Royal Air Maroc and CDG Group have joined forces in a groundbreaking partnership, igniting a TravelTech transformation within the nation's burgeoning startup ecosystem. This strategic alliance, unveiled on Tuesday, aims to nurture and empower promising Moroccan startups,......

Royal Air Maroc (RAM), Morocco's national carrier, has unveiled an ambitious plan to strengthen its ties with Nigeria, Africa's most populous nation. The airline has announced the launch of a direct air link between Casablanca and Abuja, the Nigerian capital, set to commence on June 23, 2024. In......

In a pivotal development that underscores Morocco's commitment to fostering regional economic integration and energy transition, Leila Benali, the Minister of Energy Transition and Sustainable Development, has affirmed the strategic importance of the Morocco-Nigeria Gas Pipeline project. Addressing......

Amidst fervent debates surrounding its swift rise and competitive pricing, the Chinese e-commerce platform Temu has issued a comprehensive statement addressing recent controversies and concerns regarding its operations in the Moroccan market since its debut earlier this year. At the heart of Temu's......

In a bold step towards fostering local talent and drawing international investment, Morocco recently hosted its inaugural Moroccan Gaming Expo, signaling its aspirations to lead Africa's growing gaming industry. Organized by the Ministry of Youth, Culture, and Communication, the three-day event......

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......

Morocco's commitment to sustainable energy solutions is evident in the remarkable surge of 5.7% witnessed in the nation's electricity production during the first quarter of 2024, as reported by the Directorate of Studies and Financial Forecasts (DEPF). This growth contrasts sharply with the 2.6%......