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Economy


Revitalizing Morocco's Weekly Souks: A Billion Dirham Initiative

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......

Royal Air Maroc, CDG Group Partner to Boost Moroccan TravelTech Innovation

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,......

RAM Expands Reach, Establishes Direct Route Between Casablanca and Nigeria's Capital

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......

Paving the Path to Energy Integration: Morocco-Nigeria Gas Pipeline Prioritizes Senegal-Mauritania-Morocco Stretch

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......

Temu Balances Privacy and Commerce in Moroccan Market

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......

Morocco Emerges as Africa's Gaming Hub

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......

Fostering Excellence: African Development Bank Fuels Moroccan University Transformation

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......

Energizing Progress: Morocco's Electrifying Stride Towards Sustainability

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%......

Chariot Oil & Gas Discovers Promising Gas Reserves in Northern Morocco

Chariot Oil & Gas, a UK-based energy explorer, has achieved a significant breakthrough with the discovery of substantial natural gas reserves in the Dartois field, situated in northern Morocco. The company's assessment indicates an impressive 12 billion cubic feet (Bcf) of gas reserves, marking......

Alonso Group Charts New Course, Expanding Logistics Empire to Moroccan Shores

Alonso Group, a prominent player in the Spanish logistics sector, is embarking on a new venture, extending its influence into the burgeoning Moroccan market. With the establishment of Alonso Forwarding Morocco, the company is strategically positioning itself to capitalize on opportunities in North Africa,......

Price of Beverages in Cafes: The Competition Council Opens Dialogue

Amidst the controversy surrounding the surge in beverage prices at cafes, the Competition Council has taken a decisive step by convening a listening session yesterday, Thursday, at the council's headquarters. Representatives of professionals affiliated with the National Federation of Cafe and Restaurant......

Recycling Renaissance: Europe's Soaring Exports of Recyclable Materials to Morocco Reach Historic Highs

In a remarkable testament to the burgeoning recycling industry, the European Union (EU) nations have set a new record for exporting recyclable materials, including waste and scrap metal, to Morocco. Recent data from Eurostat shows that in 2023, EU countries shipped approximately 890,000 tonnes of these......

Unlocking Doors to Homeownership: Morocco's Direct Housing Aid Program Empowers Thousands"

In a stride towards ensuring accessible housing for its citizens, Morocco's Direct Housing Aid Program has emerged as a beacon of hope, unlocking doors to homeownership for thousands across the nation. According to Mustapha Baitas, the Minister Delegate in Charge of Relations with Parliament and......