Economy
Morocco is making significant strides in renewable energy, emerging as a key player in Africa's sustainable energy landscape. The North African nation's ambitious goals serve as a model for other countries on the continent. A beacon of renewable energy in Africa Morocco is solidifying its position......
Mohammed VI Polytechnic University (UM6P) has announced a strategic partnership with STATION F, a global startup campus supporting over 1,000 startups. This collaboration aims to foster innovation and bridge the gap between Europe and Africa through a program called NextAfrica. In a statement, UM6P......
Morocco is on the cusp of entering the liquefied natural gas (LNG) market, marking a pivotal moment in its quest for energy independence. The Tendrara gas liquefaction facility, developed by British company Sound Energy, is nearing completion in eastern Morocco, with production trials slated to begin......
A significant meeting organized by the Food and Agriculture Organization of the United Nations (FAO) and the International Cooperative Alliance (ICA) is currently taking place in Casablanca from January 28 to 31. The event is dedicated to empowering cooperatives to transform rural and agrifood systems......
In a significant gathering in Casablanca, Morocco’s General Confederation of Enterprises (CGEM) engaged with an International Monetary Fund (IMF) delegation to discuss pressing socio-economic priorities. Led by CGEM Vice President Mehdi Tazi, the meeting featured various commission heads and emphasized......
The United Kingdom has announced the appointment of Ben Coleman as the new trade envoy to Morocco and West Africa. This decision was confirmed by Jonathan Reynolds, the UK Secretary of State for Business and Trade. Coleman, a British Member of Parliament representing Chelsea and Fulham, will play a crucial......
Morocco's citrus industry has achieved remarkable success in 2024, establishing itself as a key orange supplier to the United States and European markets. After facing significant challenges in 2023, the country's orange exports have reached unprecedented levels. According to East Fruit analytics,......
Jorf Lasfar's industrial port, a cornerstone of Morocco's economy, has reached a significant milestone with the inauguration of the first production lines for Nickel Cobalt Manganese (NCM) used in Precursor Cathode Active Materials (PCAM). This development is driven by Cobco, a subsidiary of......
The Moroccan dirham demonstrated varied performance in foreign exchange markets during January 16-22, appreciating 0.6% against the US dollar while declining 0.5% against the euro, according to Bank Al-Maghrib (BAM). During this period, BAM reported no currency auction operations in the foreign exchange......
From January 16 to January 22, 2025, the dirham appreciated by 0.6% against the US dollar and depreciated by 0.5% against the euro, according to Bank Al-Maghrib (BAM). During this period, no foreign exchange auction operations were carried out, as highlighted in BAM's weekly bulletin. As of January......
In an ambitious move to bolster its energy sector, Morocco has announced plans to construct a new gas power plant with a capacity of 990 megawatts. The project, which is expected to cost approximately 4.15 billion Dirhams (around 420 million dollars), is set to play a crucial role in the country’s......
The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU), has announced a €20 million loan to support young entrepreneurs in Morocco. The funding, provided in local currency, will primarily target micro, small, and medium-sized enterprises (MSMEs)......
Morocco’s banking liquidity deficit has seen a notable improvement, declining by 8.26% to reach MAD 136.8 billion ($13.4 billion) in January 2025. This shift underscores healthier financial conditions and provides the economy with greater flexibility to grow and adapt. According to BMCE......
