Economy
The President of the Central African Republic (CAR), Faustin-Archange Touadéra, praised His Majesty King Mohammed VI for his instrumental role in facilitating a landmark investment roundtable in Casablanca, which secured $9 billion in commitments to fund CAR’s National Development Plan (NDP)......
Trade between Moscow and Morocco has surged by 73% in the first half of 2025 compared to the same period last year, reflecting a major expansion of Russian economic activities in North Africa. Anatoly Garbuzov, Minister of the Moscow City Government and Head of the Department of Investment and Industrial......
Aya Gold & Silver has announced the discovery of a potential new gold zone in Morocco, further advancing its exploration efforts in the country. The Canadian mining company revealed on Monday that the find was made at the Asirem site, located west of the Boumadine corridor. Aya described the area......
Morocco’s industrial landscape demonstrated strong growth in the second quarter of 2025, with overall industrial output rising 7% year-on-year, according to the High Commission for Planning (HCP). This performance underscores robust expansion in manufacturing, mining, and energy sectors, buoyed......
In March 2025, Morocco launched an ambitious energy strategy under the Offre Maroc initiative, committing $35.15 billion (MAD 319 billion) to green hydrogen development across its southern provinces. This initiative aims to position the country as a global leader in green hydrogen production, targeting......
CashPlus, a leading fintech and financial services company in Morocco, has announced a strategic partnership with PayPal, the global digital payment platform. The agreement introduces a faster and fully digital solution that allows Moroccan users to withdraw their PayPal funds directly in Moroccan dirhams......
Morocco’s customs revenue reached MAD 65 billion ($7.22 billion) by August 2025, marking an 8.3% increase compared to the same period last year, according to the Moroccan treasury’s latest report. This growth reflects the country’s ongoing economic recovery and increased import activity. Revenue......
Morocco is actively pursuing a significant expansion of its economic exchanges with Kuwait, targeting a twofold increase in trade and investment partnerships. Ali Benaissa, Morocco's ambassador to Kuwait, emphasized the commitment of both nations to strengthening their economic cooperation during......
Fish landings from coastal and artisanal fisheries at the Port of Dakhla fell by 21% year-on-year by the end of August, totaling 65,600 tonnes, according to the National Fisheries Office (ONP). In terms of value, the landings reached 604.91 million dirhams, down from 639.83 million dirhams in August......
The Souss-Massa region will soon host a new National Institute of Social Action (INAS), a project that requires an investment of 150 million dirhams. This initiative is part of Morocco’s strategy to expand its network of social action institutes, with the goal of providing specialized training......
During the week of September 4–10, 2025, the Moroccan dirham appreciated by 0.6% against the US dollar and 0.2% against the euro, according to Bank Al-Maghrib (BAM). No foreign exchange auction operations were conducted during this period, BAM noted in its weekly economic indicators bulletin. Official......
A new report, The Renewable Energy Investment Case for Africa, has praised Morocco’s NOOR Complex as a landmark achievement in Africa’s clean energy transition. The solar plant, located in Ouarzazate, has become a global model for harnessing renewable energy to reduce reliance on imports......
The Moroccan Secretariat of State in charge of Maritime Fisheries has announced the lifting of the ban on the harvesting and marketing of shellfish, including oysters, in the classified shellfish farming area of Lakraâ, located in the Boujdour region. According to an official statement, the Technical......
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