Economy

INNOVX has secured $110 million in financing from Bank of Africa to support the development of its subsidiary, Fluoralpha, which is spearheading a groundbreaking project in Jorf Lasfar, Morocco. This initiative focuses on recovering fluorine from Moroccan phosphate rocks, reinforcing Morocco’s......

Morocco presented its innovative public-private partnership (PPP) model on Sunday during the “Public-Private Partnership Summit for Change” in New York. The high-profile event, held just before the UN General Assembly’s high-level week, brought together global business leaders and senior......

Casablanca is set to play host to one of the most ambitious industrial transformations in Morocco’s recent history. On September 21, 2025, INNOVX announced that its subsidiary Fluoralpha has secured over one billion dirhams (USD 110 million) in strategic financing from Bank of Africa, paving the......

The Moroccan government has fallen significantly short of its ambitious promise to create one million jobs during its current term, according to a new report by the Omega Center for Economic and Social Studies. Despite some gains in urban employment, the country has experienced a net loss of 99,000 jobs......

A recent controversy has stirred public debate in Morocco after reports surfaced of cafés in major cities and tourist areas asking customers to renew their orders after one or two hours, or even limiting the time they can remain seated. Traditionally, cafés have been more than just places......

The General Confederation of Moroccan Enterprises (CGEM), led by its president Chakib Alj, is undertaking a high-level economic mission to Mexico from September 22 to 25, 2025. Organized in close collaboration with the Embassy of Morocco in Mexico City, the visit aims to strengthen economic and trade......

TotalEnergies Morocco is projected to achieve a potential stock market appreciation of +32% over the next 12 months, according to estimates by Attijari Global Research (AGR). In its September Equity Report, AGR highlighted that preliminary indicators from the company’s first-half 2025 performance......

Morocco has unveiled transformative upgrades to the Casablanca Port Complex, part of a strategic vision to bolster its international maritime stature while enhancing economic and tourism potential. The project, inaugurated by His Majesty King Mohammed VI, reflects the country’s efforts to position......

Morocco has become a founding member of the newly launched Future of Investment and Trade Partnership (FIT), a coalition of 14 nations aimed at strengthening the global trade influence of small and medium-sized economies. The initiative, formalized during a virtual ministerial meeting on September 16,......

India’s Defense Minister Rajnath Singh is set to embark on a four-day visit to Morocco, signaling New Delhi’s growing interest in strengthening its defense and industrial partnerships across Africa. The trip underscores India’s ambition to expand its footprint in the region, offering......

The Morocco-France Economic Forum will convene in Dakhla on October 9, bringing together over 50 French companies, including several CAC 40 giants, to explore Morocco’s southern provinces as a rising investment destination. The forum aims to deepen bilateral ties and highlight new opportunities......

Taqa Morocco, the operator of the Jorf Lasfar coal-fired power plant, has reported a 17% drop in net profit for the first half (H1) of 2025. Net profit fell to MAD 437 million ($48.7 million), down from MAD 526 million ($58.6 million) in the same period last year. The decrease was largely attributed......

The European Bank for Reconstruction and Development (EBRD) has approved a €10 million loan to Fondation Arrawaj, one of Morocco’s leading microfinance institutions. The financing aims to empower young entrepreneurs and small businesses, particularly in regions affected by the Al Haouz 2023......