Economy
Chocolate manufacturers are beginning to reverse cost-cutting changes introduced during the cocoa price crisis of 2024, as global cocoa prices continue to retreat sharply from record highs. After months of reducing cocoa content, adding fillers and relying on compound coatings, some major confectionery......
Morocco is preparing to launch a fundraising effort to support the construction of a $25 billion gas pipeline linking Nigeria to Morocco, a project designed to strengthen regional energy integration and expand supply routes to Europe. The initiative will be led by National Office of Hydrocarbons and......
Global cocoa futures have dropped sharply from their historic peak, falling about 74 percent from nearly 12,900 dollars per metric ton in December 2024 to around 3,365 dollars this week. The decline reflects a rapid shift in market conditions, driven by improved harvests and softer chocolate demand.......
Insurance leaders and technology innovators gathered in Casablanca for the fourth edition of the African Insurance Awards, where industry players outlined the sector’s trajectory for the next decade across the continent. The event, held at the Hyatt Regency Casablanca, brought together companies,......
Omar Hejira, Morocco's secretary of state for foreign trade, visited Abidjan to meet Ivorian public and private sector leaders. The talks aimed to strengthen bilateral trade and advance balanced South-South cooperation focused on mutual development. This effort aligns with Morocco's 2025-2027......
Morocco has strengthened its position as a leading destination for mining investment, ranking 15th worldwide in the Fraser Institute’s Annual Survey of Mining Companies for 2025. The report assessed 68 mining jurisdictions globally, including 14 in Africa. It drew on responses from 256 mining......
Ivory Coast will bring forward the start of its cocoa mid-crop season and sharply lower the price paid to farmers, in an unprecedented move to ease a mounting surplus that has clogged warehouses and ports across the country. Cocoa harvested from March will now be classified as mid-crop instead of main......
Tanger Med Port has established itself as one of Africa’s most strategic maritime hubs, driven by its strong performance, advanced organization, and central role in global trade flows, according to observations highlighted by the Ivorian media. Located at the crossroads of Europe and Africa, the......
The African Development Bank (AfDB) board approved on Wednesday in Abidjan a €150 million credit line to Morocco’s Communal Equipment Fund (FEC) to finance new investment and sustainable infrastructure projects. The initiative aims to promote inclusive development and strengthen local territorial......
Morocco has officially opened the first pan-African coffee center at the Tanger Med port complex, positioning itself as a vital link for African coffee exports to Europe, the United States, and Asia. This initiative marks a significant transformation in the coffee trade landscape, aiming to dismantle......
La Société Générale des Travaux du Maroc (SGTM), a leading Moroccan construction and infrastructure group, has officially received approval from the Moroccan Capital Market Authority (AMMC) to launch its highly anticipated initial public offering (IPO) on the Casablanca Stock......
Nearly 800 global executives gathered last week at the Choiseul African Business Forum, held at the Rabat Marriott Conference Center in Morocco’s Agdal district. The event, which brought together decision-makers from more than 60 countries, emphasized Africa’s emergence as a key player in......
Rabat, Morocco – Morocco has climbed to fifth place in Africa for the number of active data centers, according to a report by Heirs Technologies. With eight operational data centers, the country shows a growing digital capacity driven by targeted investments and expanding connectivity. The 48-page......
