Economy
Morocco achieved significant strides in its energy sector throughout 2023, marking substantial growth in both renewable energy integration and overall electricity production. The nation's total electricity output reached 42.38 terawatt-hours (TWh) by year's end, representing a 2.3% increase from......
Building Logistics Services (BLS) has inaugurated a significant new logistics center in Casablanca's Tit Mellil district, marking a substantial investment of MAD 300 million ($29.79 million) in Morocco's infrastructure development. The newly established BLS Casa Hub spans an impressive 50,000......
In a significant stride towards enhancing its road infrastructure, Morocco has set an ambitious target to upgrade 67% of its roads to optimal condition by 2027. This initiative, spearheaded by the Minister of Equipment and Water, Nizar Baraka, aims to address regional disparities and improve overall......
Morocco has joined over 20 nations expressing interest in BRICS membership, according to Russian Presidential Advisor Yuri Ushakov's announcement during a Monday press conference. The development follows October's Kazan Summit, where BRICS partners established a new partnership framework enabling......
Atlas Metals Group has announced the termination of its planned acquisition of Compagnie Minière de Oumejrane (CMO), a Moroccan mining subsidiary owned by Managem. The cancellation comes after the company failed to secure the necessary funding of MAD 183 million from institutional investors within......
Morocco has secured its position as Africa's most attractive investment destination, according to the Amadeus Institute's 2024 Africa Attractiveness and Stability Indices. The North African nation achieved a commanding score of 77.45 in attractiveness and 76.04 in stability, placing it first......
In a notable shift in Mediterranean fishing dynamics, Morocco's coastal and artisanal fishing sector has experienced significant changes through November 2024, according to recent data from the National Fisheries Office (ONP). While fishing volumes have declined, the overall market value has shown......
Spanish energy retailer Factorenergia has announced the establishment of a 50-50 joint venture with a local partner in Morocco, positioning itself to capitalize on the country’s energy market as it moves towards liberalization. This expansion is part of the company's ongoing international growth......
In a recent report, the International Energy Agency (IEA) has highlighted South Africa and Morocco's dominant positions in African coal consumption, with both nations maintaining significant usage despite shifting energy landscapes. South Africa remains the continent's primary coal consumer,......
The Moroccan government has unveiled a comprehensive wage and tax reform package set to take effect in 2025, aimed at boosting purchasing power and stimulating domestic consumption amid inflationary pressures. Starting January 1, 2025, the guaranteed minimum interprofessional wage (SMIG) will increase......
Europa Oil & Gas has announced a significant oil discovery in Morocco's Agadir Basin, with estimated reserves of 1 billion tons within the Inzegane permit area. The discovery site, spanning 11,220 square kilometers near Tarfaya, Sidi Ifni, and Tan-Tan, places Morocco in a strategic position for......
The Souss-Massa region has witnessed a significant milestone in cooperative development through the successful conclusion of the "Grow & Pitch" program, a collaborative initiative between the European Investment Bank (EIB), European Union (EU), and Bank of Africa, in partnership with the......
Thomas Reilly, the former British ambassador to Morocco, has returned to the North African nation in a pivotal role as a senior consultant for Euros/Agency Africa. Tasked with guiding the group’s strategic growth, Reilly will focus on geopolitical analysis, government relations, and international......
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