Economy
Morocco and Russia held discussions focused on expanding collaboration in civil aviation and road transportation during the Global Transport Connectivity Forum in Istanbul. Moroccan Transport and Logistics Minister Abdessamad Kayouh met with Russian Deputy Transport Minister Dmitry Zverev to explore......
Morocco is exploring a flexible and rapid solution to its increasing electricity needs by considering the import of up to 6,000 megawatts of power via floating power ships from Turkey. These ships, equipped with mobile power plants, offer a timely alternative amid growing pressure on conventional energy......
Morocco has embarked on a significant agricultural partnership with Jungnong Group, a Hong Kong-based subsidiary of China's Agricultural Development Group. This collaboration represents a pivotal move in Morocco's commitment to sustainable and technology-driven farming practices. Formalized......
Morocco has embarked on a bold reform of its public sector with the restructuring of the National Office of Hydrocarbons and Mines (ONHYM) into a joint-stock company. This transformation marks a pivotal step in the country’s broader efforts to enhance public investment, optimize national resources,......
British geoscience company Getech and energy transition firm Sound Energy have launched a groundbreaking joint venture in Morocco, HyMaroc Limited, aimed at unlocking the country’s natural reserves of hydrogen and helium. This new initiative positions Morocco as a key player in the global energy......
An economic expert, Yassin Alia, highlighted the key reasons for the UK government's decision to withdraw its support from the electric interconnection project with Morocco. He explained that this move reflects a shift in the UK's energy policy, despite the project having been promoted for years......
Two British companies have joined forces to create a new joint venture called HyMaroc Limited, aimed at exploring natural hydrogen and helium resources in Morocco. This development follows an agreement signed last year between the two companies to collaborate on these explorations. According to a statement......
European aircraft manufacturer Airbus has expressed its intention to strengthen ties with Morocco, leveraging the country’s rapidly growing aviation industry. Speaking at the 55th Paris Air Show, Wouter Van Wersch, Airbus’s executive vice president for international affairs, highlighted Morocco’s......
Morocco and France are advancing toward a landmark agreement to protect Moroccan banks operating within Europe from the stringent effects of the European Union’s Capital Requirements Directive VI (CRD VI). The directive, a key part of the EU’s efforts to tighten financial regulations, limits......
The European Bank for Reconstruction and Development (EBRD) has announced a $25 million loan to Canadian mining company Aya Gold & Silver Inc., aimed at advancing the exploration of the Boumadine polymetallic mine in Morocco’s Drâa-Tafilalet region. This marks a significant step in the......
Morocco has announced the inauguration of its first lithium-ion material manufacturing plant in Jorf Lasfar, a significant step in the country’s push to become a global leader in green technology and electric vehicle (EV) production. The facility, developed by COBCO—a partnership between......
Chinese energy giant CHINT is intensifying its role in Africa’s energy transition by adopting a comprehensive localization strategy. This approach, encompassing renewable energy projects, grid infrastructure, and local manufacturing, reinforces the company’s commitment to driving sustainable......
During the USA-Africa Business Summit held in Luanda, United States officials reiterated their strong commitment to the Lobito Corridor project. This major railway link connects the port of Lobito in Angola to the Katanga province in the Democratic Republic of Congo and Zambia’s Copperbelt region. Troy......
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