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Economy


Sparking Synergies: Asian Powerhouses Ignite Africa's Startup Explosion

Amidst the vibrant pulse of Marrakech, the second day of GITEX Africa 2024 saw a gathering of forward-thinking minds, united in their mission to propel Africa's burgeoning startup ecosystem to unprecedented heights. The 10X Stage, charged with anticipation, served as the arena for a symphony of insights......

Alleviating Inflation's Strain: Wage Increases Offer Partial Respite

As the Kingdom contends with inflation spurred by an energy crisis compounded by the Russia-Ukraine conflict, which has markedly affected raw material prices in Morocco, the steady uptick in prices has not been met with a corresponding uptrend in wages, leading to a decline in household purchasing power.......

The Bittersweet Reality: A New Wave of Price Hikes Hits Fruits and Vegetables

In a turn of events that is leaving consumers' wallets lighter, a fresh surge in prices is sweeping across Morocco's fruit and vegetable markets. This latest bout of inflation is a multifaceted phenomenon, driven by a perfect storm of climatic vagaries, the lifting of import duties by Mauritania,......

Empowering Africa's Rising Stars: Spotlighting Women Entrepreneurs in the Startup Frontier

In the rapidly evolving landscape of Africa's startup ecosystem, a crucial issue demands attention: the glaring underrepresentation of women entrepreneurs and the lack of investment in their ventures. As the continent's entrepreneurial spirit soars, addressing this disparity could unlock unprecedented......

Reimagining Geostrategy: Exploring Atlantic Africa's New Frontier

For centuries, the Atlantic Ocean has presented challenges to Africans, serving as a conduit for invaders, colonizers, slave traders, and criminal enterprises that exploited its vast expanse. However, a new perspective is emerging, envisioning the Atlantic as a frontier of opportunity, a realm of boundless......

UM6P and Inwi Collaborate to Advance Innovative Entrepreneurship

In a bid to strengthen the entrepreneurial landscape in Morocco, the Mohammed VI Polytechnic University (UM6P) and telecommunications operator Inwi have forged a cooperation agreement aimed at fostering innovative entrepreneurship and bolstering digital startups. The announcement came during the ongoing......

GITEX Africa: Digitalization Fuels Morocco's Socioeconomic Surge

At the much-anticipated GITEX Africa 2024 in Marrakech, Morocco, Ghita Mezzour, Minister Delegate for Digital Transition and Administrative Reform, delivered a captivating keynote address, vividly illustrating the nation's digital renaissance. Mezzour's words resonated with Morocco's steadfast......

Fostering Sustainable Forestry: AfDB Injects Over 850 Million Dirhams into Morocco's Woodlands

The African Development Bank (AfDB) is poised to inject a substantial investment of more than 850 million dirhams (equivalent to 84 million euros) into Morocco's forestry sector. The Board of Directors of the AfDB Group has approved this financing as part of a project aimed at supporting the inclusive......

Morocco Reigns Supreme in EU's Tomato Import Market

Morocco has solidified its position as the undisputed leader in the European Union's tomato import market, capturing an astounding 65% share in 2023. This commanding presence has sent shockwaves through the agricultural sector, leaving many to ponder the implications of Morocco's ascendancy. As......

Al Barid Bank et sa filiale Barid Cash s'associent avec Ria Money Transfer

Al Barid Bank et Barid Cash ont conclu un partenariat stratégique avec Ria Money Transfer, l'un des leaders mondiaux des transferts d'argent transfrontaliers. Al Barid Bank vient de signer un accord stratégique avec Ria Money Transfer pour offrir, dans toutes les agences du groupe,......

Chariot Strikes Gas Gold in Moroccan Desert

British energy firm Chariot Limited has struck a significant gas discovery at its OBA-1 well in the sun-baked deserts of northern Morocco. The company's recent drilling operation has uncovered a treasure trove of gas reservoirs, offering a glimpse into the region's untapped energy potential. Situated......

Morocco's Fertile Ground for Tech Entrepreneurship to Blossom

Morocco's technology ecosystem is ripe with possibility, poised to cultivate a garden of innovation that could transform the African continent. With a robust telecommunications infrastructure and a banking sector embracing digitization, the nation stands at the precipice of establishing itself as......

Revitalizing Morocco's Weekly Souks: A Billion Dirham Initiative

In a significant move to bolster the vibrant tradition of weekly souks (markets) across Morocco, the government has allocated a staggering one billion dirhams to an ambitious rehabilitation program. This multifaceted initiative, unveiled by Interior Minister Abdelouafi Laftit, aims to address the challenges......