Economy
Morocco has secured a spot in the top 10 African startup ecosystems, according to the latest Global Startup Ecosystem Index 2025 from American consulting firm StartupBlink. The ranking shows progress for the North African country, but also reveals barriers that still limit growth. Morocco recorded the......
Critical Mineral Resources (CMR) has entered into a joint venture agreement to acquire a 60% interest in a promising copper-silver project located in central Morocco. This initiative is bolstered by a substantial investment of £1.33 million aimed at expediting the development of the site, which......
Morocco’s Minister of Agriculture, Ahmed Bouari, recently unveiled a comprehensive national program designed to rejuvenate the country's livestock sector, which has suffered from ongoing drought and climate variability. This initiative represents a significant governmental effort to support......
Morocco’s National Office of Electricity and Drinking Water (ONEE) has announced a significant €300 million financing package aimed at modernizing and extending the national electricity transport network. This funding, provided by the European Investment Bank (EIB), the German Development......
Morocco and the African Development Bank are strengthening their strategic collaboration to accelerate key development initiatives through an ambitious portfolio review of €2.9 billion in structural investments. This review aims to optimize the effectiveness of 32 ongoing projects while ensuring......
The Moroccan Government Council recently reviewed two pivotal cooperation agreements signed with Saudi Arabia, signifying a significant advancement in judicial collaboration between the two nations. Signed on November 13, 2024, in Riyadh, these agreements were presented by Morocco’s Minister of......
Morocco has unveiled a bold plan to more than double its power generation capacity by 2030, aligning energy goals with its upcoming role as co-host of the FIFA World Cup. The move signals a strategic pivot toward renewables as the country targets energy independence and sustainability. Energy Transition......
Nigerian President Bola Tinubu has prioritized the $25 billion Nigeria-Morocco gas pipeline as a cornerstone of his administration's initiatives. Senator Jimoh Ibrahim announced this commitment during an executive session of the African Parliament Union held in Casablanca. The ambitious infrastructure......
Casablanca prepares to host Korea's first-ever job fair in Morocco. The event, set for May 25, promises to bridge local talent with Korean enterprises, enhancing bilateral relations. The Korean Embassy in Morocco has announced that the job fair will take place at the Hyatt Regency Hotel from 2:00......
As France continues to impede energy links from the Iberian Peninsula, Portugal is exploring the possibility of establishing an electrical interconnection with Morocco. This strategic consideration follows Spain's existing connection with the North African nation and arises in response to a recent......
Construction of Africa’s inaugural gigafactory is poised to commence within days in Kenitra. Gotion Power Morocco has completed the preparatory groundwork for this monumental battery manufacturing facility. The Sino-European electric vehicle battery powerhouse signed a significant investment agreement......
Swedish bearing and seal manufacturing company SKF has inaugurated a new factory in the northern Moroccan city of Tangier, marking a significant expansion in its global operations. This facility is designed to meet the rising demand for magnetic bearings and components for high-speed electronic motors. Initially......
Platts, a member of S&P Global Commodity Insights, has announced significant modifications to its free on board (FOB) Morocco phosphate rock pricing assessment methodology, set to take effect on July 3. This initiative aims to better align with the existing structure of Morocco's phosphate market,......
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