Economy
Morocco has emerged as a leading player in Africa's renewable energy landscape, ranking as the continent’s fourth-largest importer of solar panels from China. A new report highlights the country’s dedication to achieving its renewable energy targets, reinforcing its global reputation......
Morocco has solidified its position as the third wealthiest nation in Africa, boasting approximately 7,500 millionaires, according to the Africa Wealth Report 2025 by Henley & Partners in collaboration with New World Wealth. This achievement highlights the country’s economic resilience and......
Morocco has stepped onto the global energy stage, presenting its ambitious $25 billion Gazoduc Pipeline project to American investors at the US-Africa Energy Forum in Houston, Texas. The forum, held on August 6–7 in the “Energy Capital of the World,” provided a pivotal platform for......
The Morocco-Nigeria gas pipeline project is progressing steadily, as Rabat hosted a series of high-level meetings this week to advance the ambitious initiative. Representatives from national oil companies, the Economic Community of West African States (ECOWAS), and other stakeholders convened on July......
The steering and technical committees for the Nigeria-Morocco Gas Pipeline project convened on July 10 and 11 in Rabat to review the latest progress. These high-level meetings, organized under the governance framework of the project and in line with signed agreements between national oil companies, brought......
Morocco will need to invest over $40 billion in the next five years to achieve its national energy objectives, according to Energy Transition Minister Leila Benali. Speaking during an interview with Asharq at the OPEC seminar in Vienna, Benali outlined the country's ambitious energy transition strategy,......
Morocco is exploring a flexible and rapid solution to its increasing electricity needs by considering the import of up to 6,000 megawatts of power via floating power ships from Turkey. These ships, equipped with mobile power plants, offer a timely alternative amid growing pressure on conventional energy......
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......
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 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......
Nigeria is actively courting international investors for the $25 billion Nigeria-Morocco gas pipeline project, a strategic initiative designed to deliver natural gas to European markets. This ambitious infrastructure project spans 5,660 kilometers and aims to transport Nigerian gas via an undersea route......
Morocco has rapidly emerged as one of the leading markets for Russian wheat exports in recent years, joining other growing destinations such as Nigeria, Kenya, Libya, Tunisia, and Tanzania. Dmitry Sergeyev, chairman of the Russian Union of Grain Exporters and Producers, highlighted this trend in an interview......
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......
