Economy
Morocco's traditional handicraft industry has emerged as a significant economic powerhouse, generating annual revenues of MAD 140 billion ($14 billion) and contributing 7% to the national Gross Domestic Product. Secretary of State for Handicrafts Lahcen Saadi presented detailed data during a meeting......
The signing of this agreement highlights the commitment of Morocco and Libya, under the enlightened leadership of His Majesty King Mohammed VI and the President of the Libyan Presidential Council, Mr. Mohamed Al-Menfi, to enhance their sectoral cooperation. Their aim is to create mutually beneficial......
A significant cross-border investment has emerged in North Africa's startup ecosystem as Egyptian-based Beltone Venture Capital invests in Moroccan eyewear company LNKO. The investment, while undisclosed, will fuel LNKO's expansion across Africa. LNKO, established in 2020 by Maha Bennani, has......
Swedish retailer H&M is strengthening its manufacturing presence in Morocco as part of a strategic response to potential US trade restrictions, according to the company's finance chief. This move represents a significant shift toward regional supply chains, with Morocco positioned as a key production......
Three Moroccan companies have received prestigious recognition at the 60th Arab High Committee for Standardization meeting in Rabat, highlighting Morocco's growing influence in regional manufacturing excellence. Sogea Maroc, SMCV, and Super Cerame were awarded the Arab Quality Award for their contributions......
Morocco's prominent fertilizer producer OCP has successfully completed a $300 million bond issuance, furthering its expansion plans and financial strategy. The issuance follows the authorization granted by the company's Board of Directors in December of the previous year and complies with European......
Aya Gold & Silver Inc. has significantly expanded its Boumadine exploration project in Morocco, acquiring four new mining licenses that increase its operational area by 28.3% to 271.5 square kilometers. The company's strategic expansion, announced on February 5, 2025, marks a substantial development......
In a significant development for Morocco's automotive sector, top Japanese automotive companies embarked on a business mission to Rabat, marking an important step in strengthening economic ties between the two nations. The mission, organized by the Japan External Trade Organization in Rabat (JETRO......
Morocco and Mauritania have taken a significant step forward in their bilateral cooperation by signing a groundbreaking electrical interconnection agreement in Nouakchott. The accord, signed by Morocco's National Office for Electricity and Drinking Water (ONEE) Director General Tarik Hamane and Mauritanian......
For the first time in its history, the Paris International Agricultural Show (SIA), scheduled from February 22 to March 2, will spotlight Morocco as its featured foreign guest, according to event organizers. During the event’s announcement, France’s Minister of Agriculture and Food Sovereignty......
Morocco’s progress in renewable energy has reached new heights, with wind energy capacity hitting 2,373 megawatts (MW) by the end of 2024. This milestone marks a significant step in the country’s push toward greener energy solutions, as outlined by Leila Benali, Minister of Energy Transition......
Morocco's airports processed over 32 million passengers in 2024, with plans to triple capacity by 2035, according to Transport and Logistics Minister Abdessamad Kayouh's report to the House of Representatives. The nation aims to expand its airport traffic significantly, targeting 60 million......
The Moroccan Franchise Federation (FMF) is preparing to launch the inaugural Morocco Franchise Expo (MFE), scheduled for February 12-14 at the Casablanca Exhibition Center. This groundbreaking event aims to showcase Morocco's market potential and attract diverse investors from both domestic and international......
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