Economy
Morocco and France are advancing toward a landmark agreement to protect Moroccan banks operating within Europe from the stringent effects of the European Union’s Capital Requirements Directive VI (CRD VI). The directive, a key part of the EU’s efforts to tighten financial regulations, limits......
The European Bank for Reconstruction and Development (EBRD) has announced a $25 million loan to Canadian mining company Aya Gold & Silver Inc., aimed at advancing the exploration of the Boumadine polymetallic mine in Morocco’s Drâa-Tafilalet region. This marks a significant step in the......
Morocco has announced the inauguration of its first lithium-ion material manufacturing plant in Jorf Lasfar, a significant step in the country’s push to become a global leader in green technology and electric vehicle (EV) production. The facility, developed by COBCO—a partnership between......
Chinese energy giant CHINT is intensifying its role in Africa’s energy transition by adopting a comprehensive localization strategy. This approach, encompassing renewable energy projects, grid infrastructure, and local manufacturing, reinforces the company’s commitment to driving sustainable......
During the USA-Africa Business Summit held in Luanda, United States officials reiterated their strong commitment to the Lobito Corridor project. This major railway link connects the port of Lobito in Angola to the Katanga province in the Democratic Republic of Congo and Zambia’s Copperbelt region. Troy......
Morocco’s telecommunications regulator has given the green light to a groundbreaking partnership between Itissalat Al-Maghrib (Maroc Telecom) and Wana Corporate (Inwi). The decision by the National Telecommunications Regulatory Agency (ANRT) authorizes the creation of two joint ventures aimed at......
Maroc Telecom has finalized its first private bond issuance on the Moroccan market, raising MAD 3 billion ($300 million) from institutional investors. This milestone marks a pivotal step in the company’s financial strategy, aimed at enhancing its competitive edge in the ever-evolving telecom sector. A......
The National Railway Office (ONCF) has rolled out its “Summer 2025” plan to handle the surge in passenger traffic during the peak travel season. Running from June 23 to September 14, the initiative aims to enhance travel experiences for domestic passengers, Moroccan expatriates, and tourists......
Morocco is advancing an ambitious infrastructure agenda with the construction of nearly 300 kilometers of expressways already underway and plans for an additional 900 kilometers across key regions. The initiative aims to enhance connectivity, drive economic growth, and position the country as a regional......
Morocco’s central bank, Bank Al Maghrib (BAM), has decided to keep its benchmark interest rate unchanged at 2.25%, signaling a cautious approach amid significant uncertainties in both domestic and global economic conditions. The decision reflects the bank’s commitment to balancing economic......
Morocco’s government has announced an ambitious plan to streamline travel for the 2025 Marhaba Operation, which aims to assist 7.5 million passengers and 2 million vehicles during the summer months. The operation, a key initiative to support Moroccans living abroad, will mobilize extensive maritime......
Morocco is cementing its position as a regional leader in renewable energy with an ambitious goal to achieve 20 gigawatts of renewable energy capacity. This target, announced by Energy Transition and Sustainable Development Minister Leila Benali, represents a doubling of the country’s current installed......
Hamza Benabdellah, president of the Fez-Meknes Chamber of Commerce, Industry and Services (CCIS), has been elected vice-president of the Permanent Conference of African and Francophone Consular Chambers (CPCCAF). The announcement came during the organization’s 49th General Assembly, held in Fez,......
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