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Economy
For decades, cannabis in the Middle East and Africa remained relegated to the margins of legality, cultivated and traded in the shadows. That changed in 2021 when Morocco became the first country in the region to legalize the production, export, and medical use of cannabis. This landmark legislation......
British firm Xlinks has temporarily paused its ambitious 3,900-kilometer undersea electricity cable project connecting Morocco to the United Kingdom. The company has halted its Development Consent Order (DCO) examination process while awaiting a crucial decision on its Contract for Difference (CfD) from......
Morocco generated a revenue of $2.7 million from lemon exports, according to new data from the agriculture-focused outlet East Fruit. The revenues were made between the first half of the 2024-2025 season, during which Morocco exported 6,100 metric tons of lemons, the report detailed. This marks the......
The Moroccan government has finalized four significant investment agreements with Catalan companies, totaling MAD 500 million ($50 million) and promising the creation of over 700 direct jobs. This initiative marks a vital progression in enhancing economic relations between Morocco and Spain. High-level......
Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui, was awarded the Finance Minister of the Year title on Wednesday in Abidjan during the 2025 African Banker Awards. This prestigious accolade was presented during a ceremony held in conjunction with the African Development Bank's......
The Mauritanian economist Sidi Ould Tah has been elected president of the African Development Bank (AfDB) with 76.18% of the votes. The election took place on Thursday during the institution’s annual meetings in Abidjan. Ould Tah prevailed after three rounds of voting, defeating Zambian Samuel......
Morocco’s OCP Group has announced that its revenues reached $2.18 billion in the first quarter of 2025, an increase from $1.95 billion recorded during the same period last year. In a recent statement, the group detailed that its gross profit rose to $1.5 billion, up from $1.27 billion. Meanwhile,......
The Competition Council of Morocco has officially notified GlovoApp Morocco of several grievances regarding alleged anticompetitive practices in the digital food ordering and delivery platform market. The notification follows an investigation initiated by the Council’s self-referral decision number......
Morocco is positioning itself to re-enter the arena of Formula 1 racing with an ambitious $1.2 billion project near Tangier. This initiative aims to end the continent's 32-year absence from the sport, as the last Formula 1 race on African soil took place in 1993. The proposed development is located......
The African Plant Nutrition Institute (APNI), a Moroccan non-profit research and development organization based in Benguerir, has forged a partnership with Côte d’Ivoire’s Ministry of Technical Education, Vocational Training, and Apprenticeship. This collaboration seeks to enhance agricultural......
Morocco’s Customs Administration has unveiled significant simplifications for vehicle imports as part of Operation Marhaba 2025, a program designed to facilitate the return of Moroccans living abroad during the summer months. 90% tax reduction for senior citizens Moroccans aged 60 and older,......
A delegation of Catalonian business leaders and officials begins a three-day economic mission to Morocco today. The visit, running from May 27 to 29, aims to strengthen economic and commercial relations between the northeastern Spanish region and the North African country. The mission is organized by......
OCP Group has officially announced a groundbreaking €365 million financing agreement with Italy’s export credit agency, SACE. This notable arrangement marks the first of its kind under OCP’s Green Finance Framework and represents a pioneering collaboration guaranteed by SACE’s......
