Economy
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,......
Karim Zidane, Morocco's Investment Minister, is representing King Mohammed VI at the 17th US-Africa Business Summit, which commenced in Luanda, Angola. The event brings together over 1,500 participants, including African heads of state, ministers, economic leaders, and private sector representatives,......
The Moroccan Minister of Economic Inclusion, Small Business, Employment, and Skills, Younes Sekkouri, has dismissed Imane Belmaati as Director General of the National Agency for the Promotion of Employment and Skills (ANAPEC) after a tenure lasting just 14 months. Removal linked to unmet government......
Morocco has achieved a significant milestone in its agricultural exports, with raspberry shipments to the Middle East hitting 700 tonnes just three months before the end of the 2024/2025 export season, according to EastFruit, an agricultural data platform. This surge highlights Morocco's growing......
Morocco has secured $250 million in financing from the World Bank to advance its ambitious reform of social protection systems. The funding supports Morocco’s "Support to Strengthening of Social Safety Nets for Human Development Project," which aims to reduce poverty, improve aid delivery,......
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