Economy
Morocco’s National Electricity Regulatory Authority (ANRE) has introduced a unified Medium Voltage Distribution Network Usage Tariff (TURD) for the first time, marking a significant milestone in the regulation of the country’s electricity sector. The new tariff, set at 5.92 centimes per kilowatt-hour,......
The Ministry of Economy and Finance (MEF) reported that tax revenues reached 30.79 billion dirhams (MMDH) by the end of January 2025, marking an increase of 24.6% compared to the same period in 2024. In its recent Treasury Charges and Resources document (SCRT), the ministry emphasized that the revenues......
Morocco has embarked on a groundbreaking journey by exporting its first shipment of medical hashish, marking a transformative step in the nation’s cannabis industry. In partnership with Swiss pharmaceutical company Medropharm, the shipment successfully arrived at Geneva Airport on February 19,......
Morocco's investment landscape is being transformed by sustainability initiatives, with renewable energy taking center stage in the nation's economic development, according to Mohamed Benchaâboun, Director General of the Mohammed VI Investment Fund. Speaking at a conference in Rabat focused......
Morocco is preparing to tap international debt markets with a new euro-denominated bond issuance, its first since 2023, to help finance an ambitious infrastructure development program ahead of co-hosting the 2030 FIFA World Cup. Finance Minister Nadia Fettah Alaoui emphasized the country's current......
Best Biscuit Maroc (BBM), a subsidiary of Anouar Invest, has unveiled PICKËRS, a new premium snacking brand designed to elevate Moroccan confectionery to international standards. Backed by Swiss technical and technological expertise, this ambitious project represents a significant milestone in BBM’s......
The Moroccan textile industry is taking a significant step towards a more sustainable future, driven by a strategic transition to a circular economy model. With the support of a $1.7 million program funded by the International Finance Corporation (IFC), the sector is aiming to establish a recycling and......
Morocco has initiated plans to import 100,000 sheep from Australia to address a significant livestock shortage ahead of Eid Al-Adha. The decision comes as the country faces a 38% decline in national livestock numbers compared to 2016, exacerbated by persistent drought conditions. Government spokesman......
In a significant development for Morocco's digital commerce sector, the Centre Monétique Interbancaire (CMI) has launched a multi-currency payment service for local e-commerce websites through a strategic partnership with Global Blue. This new Dynamic Currency Conversion (DCC) functionality......
Bank Al-Maghrib (BAM), Morocco’s central bank, has officially launched an interbank forward market for foreign exchange swaps and overnight index swaps (OIS) tied to the Moroccan Overnight Index Average (MONIA). This initiative, which began operations on February 19, marks a significant step in......
Morocco's National Airports Office (ONDA) has launched "Airports 2030," a comprehensive strategy aimed at modernizing the nation's airport infrastructure and elevating customer experience to international standards. The initiative, announced following Royal Instructions issued during......
Madrid will host an economic forum on February 19 and 20, 2025, aimed at encouraging Spanish investments in northern Morocco. The event is part of the International Business and Investment Fair “IMEX – Madrid 2025,” organized by the Spanish Chamber of Commerce at the Palacio de Cibeles. According......
Morocco’s High Commission for Planning (HCP) has unveiled concerning findings about the growing vulnerability to poverty among urban populations. The national survey, conducted between March 2022 and March 2023, highlights an increase in the percentage of the population at risk of poverty, rising......
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