Energean’s CEO has recently made a statement, widely reported by international media, suggesting the company’s possible exit from Morocco. He explained, “We drilled an offshore well in Morocco, but the results did not meet our expectations. Therefore, I do not foresee any further development,......
In a noteworthy development for Morocco's economy, travel revenues reached 87.1 billion dirhams by the end of September 2024, marking an impressive 8.4% increase compared to the previous year and a remarkable 44.7% rise from the same period in 2019. This information was shared by Prime Minister Aziz......
In a significant announcement during his visit to Rabat, French President Emmanuel Macron emphasized the continuation of public investments in Morocco, including the Sahara region. Speaking at the conclusion of the "Morocco-France Entrepreneurial Meeting," Macron highlighted Morocco's status......
Maroc Telecom, Morocco's premier telecommunications provider, has reported a substantial increase in its subscriber base, reaching 79.7 million users by September 2024. This 6.1% growth over the past year is driven by the company’s expansion in African markets and the rising demand for postpaid......
Morocco is set to dramatically expand its motorway infrastructure through a comprehensive MAD 7.74 billion ($735 million) investment plan spanning 2025-2027. The initiative aims to add 1,000 kilometers of new highways to the nation's transportation network, strengthening its position as home to Africa's......
The World Bank has reinforced its commitment to Morocco's development agenda, highlighting a robust partnership that encompasses 27 active projects valued at $8 billion. This announcement comes one year after the landmark 2023 Annual Meetings held in Marrakech. The institution's renewed dedication......
The ongoing BRICS summit in Kazan, Russia has brought to light significant diplomatic tensions as South Africa firmly opposes Morocco's potential inclusion in the expanding economic bloc. The three-day gathering, which commenced on October 22, 2024, has placed the controversial topic of membership......
Morocco's government has appointed new Secretaries of State to address pressing challenges across vital sectors, from maritime resources to social integration, marking a strategic shift in the nation's administrative approach to economic and social development. The appointments come at a crucial......
Morocco's state phosphate company OCP has announced an ambitious MAD 139 billion ($14 billion) investment plan spanning 2025 to 2027, marking a significant expansion of its operations and sustainability initiatives. According to a recent report from the Ministry of Economy, the investment will be......
In a significant move to enhance Morocco's economic landscape, King Mohammed VI has appointed Karim Zidane as Minister Delegate for Investment, Convergence, and the Evaluation of Public Policies (MICEPP), marking a strategic shift in the nation's approach to investment and governance. Zidane,......
The European Investment Bank (EIB) has strengthened its long-standing partnership with Morocco by providing a significant €1 billion loan package. This marks a notable expansion of the EIB's nearly €10 billion investment in the country since 1979. EIB Vice President Ioannis Tsakiris outlined......
In a significant move to strengthen Morocco's logistics sector, the International Finance Corporation (IFC) has announced a $37 million investment in Building Logistics Services (BLS), a key logistics operator in the North African nation. The agreement, signed during the International Monetary Fund......
Credit du Maroc is set to launch a significant public share offering, making available 1.2 million shares to both the public and employees as part of Holmarcom Finance Company's strategic initiative to enhance the bank's market presence in Morocco's financial sector. The offering, scheduled......
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