Economy
The discovery of high-grade gold veins in Guelmim, southern Morocco, marks a significant milestone in the country’s mining sector. Fieldwork has identified 34 quartz veins with exceptional gold content, positioning Guelmim as a potential hub for one of North Africa’s most promising gold deposits. High-grade......
Morocco’s economy expanded by 3.7% in 2023, showcasing resilience amid global challenges. However, a new report by the High Commission of Planning (HCP) reveals that the benefits of this growth were not evenly distributed across the country, with significant regional inequalities persisting. The......
Abdellatif Jouahri, Wali of Bank Al-Maghrib (BAM), has been recognized as one of the world’s leading central bank governors in the 2025 Central Banker Report Cards by the prestigious American financial magazine Global Finance. Jouahri received an “A” rating, placing him in an elite......
Morocco has emerged as a leading player in Africa's renewable energy landscape, ranking as the continent’s fourth-largest importer of solar panels from China. A new report highlights the country’s dedication to achieving its renewable energy targets, reinforcing its global reputation......
Morocco’s OCP Group, the world’s leading exporter of phosphates and fertilizers, has reported impressive financial growth for the second quarter of 2025, reflecting its pivotal role in global agriculture. Strong revenue growth OCP recorded revenues of MAD 30.57 billion (approximately $3......
In recent years, the relationship between Morocco and the Gulf states has evolved significantly, transitioning from political solidarity to a robust strategic partnership with far-reaching economic and developmental implications. This cooperation, built on mutual trust and shared interests, positions......
Despite Morocco’s efforts to stabilize commodity costs, red meat prices remain elevated across the country. The government’s measures, including suspending Eid Al Adha sacrifices and increasing cattle imports, have had limited success in curbing prices. Current market prices and challenges Beef......
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......
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