Economy
Chinese automotive components manufacturer Heilongjiang Tianyouwei Electronics Co., Ltd. has unveiled plans to establish a wholly-owned subsidiary in Morocco, committing €65 million to the project. This significant investment signals a shift in Chinese automotive capital toward high-value segments,......
Chinese company Tianyouwei has officially announced the creation of a new subsidiary in Morocco dedicated to the manufacturing of automotive electronics, with an investment exceeding 683 million dirhams (around €65 million). The decision, approved by the company’s board, reflects its strategy......
Morocco’s industrial producer price index for the manufacturing sector, excluding oil refining, decreased by 0.1% in July 2025 compared to the previous month, according to the High Commission for Planning (HCP). Declines in key manufacturing industries The HCP’s latest report on industrial,......
Morocco’s telecommunications industry continues to thrive, as the mobile subscriber base reached 58.8 million by the end of June 2025, according to the Directorate of Studies and Financial Forecasts (DEPF). This marks a 3.2% year-on-year increase, building on a 5.2% rise recorded during the same......
Morocco’s central bank, Bank Al-Maghrib (BAM), is spearheading the introduction of the e-Dirham, a Central Bank Digital Currency (CBDC) designed to accelerate the nation’s digital transformation. This initiative seeks to enhance financial inclusion, modernize payment systems, and establish......
Marsa Maroc, Morocco’s leading port operator, posted remarkable financial and operational results for the first six months of 2025, driven by increased cargo volumes, expanded services, and strategic investments. Revenue and operational performance The company reported a consolidated revenue......
Vodafone UK has secured a contract to deliver communication services for the team conducting studies on the proposed Morocco-Spain underwater tunnel, a groundbreaking project aiming to connect Europe and Africa through the Strait of Gibraltar. Vodafone’s role in the project The Spanish government......
Morocco has successfully preserved its livestock sector despite prolonged droughts and the aftermath of COVID-19, thanks to strategic measures led by His Majesty King Mohammed VI, Agriculture Minister Ahmed El Bouari announced during a press briefing on Thursday. Strategic actions safeguard national......
Morocco’s fresh onion exports reached unprecedented levels in the 2024/25 season, following the removal of restrictions that had significantly curtailed trade the previous year. Between June 2024 and May 2025, the country exported 64,900 metric tons of fresh onions valued at $238 million, nearly......
Brussels has allocated over €300 million to fund Morocco’s Nador West Med (NWM), a strategic deep-water port near the Strait of Gibraltar, triggering alarm among Spanish ports. Modeled after the successful Tanger Med, the €730 million project is set to begin operations by 2030, positioning......
Royal Air Maroc (RAM) has been named the official carrier for the 36th Sao Paulo Biennale, the largest contemporary art event in Latin America. Scheduled from September 6 to January 11, the Biennale will showcase works from artists across Africa, Latin America, and Asia under the theme, “Not all......
At the 20th India-Africa Business Conclave in New Delhi, Morocco presented its national energy strategy, highlighting a $12 billion investment plan through 2030. The initiative aims to increase renewable energy’s share to over 52% of the national electricity mix and develop a competitive green......
Morocco has reduced its cereal imports by 11% during the first seven months of 2025, signaling a push for more strategic grain management and food security measures. According to the National Federation of Cereal and Vegetable Traders, the country imported 5.847 million tons of cereals between January......
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