Economy
Morocco's economic prowess shines brightly through its flourishing phosphate sector, propelling the nation's export figures to unprecedented heights. Recent data from the Foreign Exchange Office vividly illustrates the remarkable growth of this industry, with phosphate and its derivative products......
The Moroccan economy demonstrated resilience in 2023, growing at a rate of 3.4% according to recently released national accounts data from the High Commission for Planning (HCP). This faster pace of expansion comes despite high inflation and marks an improvement over the prior year's growth of 1.5%. Domestic......
Top business figures and diplomats from Morocco and Catalonia gathered in Casablanca on June 4th to discuss advancing commercial cooperation at the Morocco-Spain Economic Meeting with a Focus on Catalonia. The forum, hosted by Morocco's General Confederation of Enterprises (CGEM), aimed to identify......
Morocco's capital markets saw a slight decline in fundraising during the first four months of the year, according to data released by the country's markets regulator. Total funds raised from January through April reached 33.09 billion dirhams (US$ 3.3 billion), a decrease of around 450 million......
Moroccan financial institution Tamwilcom and electronics giant Epson have joined forces to bolster the nation's startup sector. In a partnership agreement signed last week at GITEX Africa, the largest tech expo on the continent, the organizations aim to enhance access to cutting-edge technologies......
In a remarkable display of agricultural prowess, Morocco has solidified its position as the second-largest supplier of peppers to the European Union (EU) market during the first quarter of 2024. According to the specialized website Hortoinfo, which based its analysis on data from the statistical service......
In a bold initiative aimed at strengthening economic ties, a delegation comprising twenty Spanish enterprises is poised to embark on a three-day journey to Morocco from June 4th to 6th. This expedition seeks to unearth opportunities for enhancing commercial and economic relations with Morocco's flourishing......
In a significant stride towards sustainable development, the OCP Group, a leading global fertilizer producer, has secured a €200 million (MAD 2.1 billion) financing agreement from KfW, Germany's esteemed development and investment bank. This substantial investment will fuel the group's unwavering......
Morocco's commitment to sustainable energy receives a significant boost as Tarik Moufaddal assumes the role of Chief Executive Officer at the Moroccan Agency for Sustainable Energy (MASEN). Moufaddal's appointment, endorsed during a ministerial council led by King Mohammed VI in Casablanca, marks......
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......
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.......
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,......
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......
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