Economy
London-based diversified metals and minerals producer Xtract Resources Plc has acquired two exploration licenses in Morocco’s Khenifra province, signaling a strategic move to tap into the region’s mineral wealth. The licenses, purchased through its 80%-owned subsidiary Wildstone SARL for......
Leapmotor, a leading Chinese electric vehicle (EV) manufacturer, has officially launched in Morocco, marking a major step forward in the kingdom’s transition towards cleaner and more sustainable transportation. This announcement comes under the strategic partnership with Stellantis, the automotive......
On September 10, 2025, Dutch health authorities issued an alert through the European Rapid Alert System for Food and Feed (RASSF), numbered 2025.6942, regarding the presence of metals in a batch of cherry tomatoes exported from Morocco. The batch in question was immediately removed from the market as......
Moroccan jewelers are preparing to launch a gold import company under the leadership of the Moroccan Federation of Jewelers. This initiative seeks to combat the dominance of the informal market and establish a more regulated and stable gold industry in Morocco. Tackling informality in the gold sector The......
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......
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