Economy
OCP Green Water, a subsidiary of Morocco’s OCP Group, has successfully secured MAD 6 billion (approximately $620 million) in financing aimed at expanding its desalination initiatives. The funding, sourced from the Caisse de Dépôt et de Gestion (CDG), a prominent public financial institution......
Morocco and Mauritania have reached a significant milestone in their economic collaboration with the signing of a protocol agreement to establish the Nouakchott Stock Exchange. This development marks a new chapter in the relationship between Rabat and its southern neighbor. Formalized on Thursday between......
Casablanca Finance City (CFC) has been highlighted as a significant asset in bolstering the economic partnership between Morocco and Ireland, according to a recent feature in the Irish publication BusinessPlus Magazine. Ger Corbett, Chief Executive Officer of the Sandyford Business District (SBD), one......
Morocco's publishing industry is experiencing a transformative shift, significantly influenced by the rise of digital publications, particularly in literature, humanities, and social sciences. Despite facing challenges in production, distribution, and circulation, the industry is revitalizing through......
The YNNA Group is set to unveil an array of sustainable products at the upcoming 2025 International Agriculture Show in Meknes (SIAM), scheduled from April 21 to 27. This initiative aims to bolster resilience and eco-friendliness within Morocco's agricultural sector. The company will present offerings......
The Société Centrale de Réassurance (SCR) has officially rebranded as Atlantic Re, marking a significant shift in the company’s strategic direction. This announcement coincided with the inauguration of its new headquarters at Casablanca Finance City, reinforcing its commitment......
During the final quarter of 2024, the national economy posted a 3.6% growth compared to the same period the previous year, according to a recent report by the High Commission for Planning. This performance was primarily fueled by stronger domestic demand. Though this growth rate was slightly below the......
In Tangier, two significant partnership agreements were signed on Wednesday to enhance Morocco's automotive industry, as part of the 8th edition of the Automotive Meetings Tangier-Med. The first agreement involves the Ministry of Industry and Trade, the Ministry of Economic Inclusion, Small Business,......
Africorp Mining has successfully acquired an international tender issued by Morocco’s National Office of Hydrocarbons and Mines (ONHYM) for the operation of the Naour copper deposit in the Beni Mellal province. This significant project involves a total investment exceeding MAD 230 million (approximately......
A recent investigation by StreetPress has highlighted the alarming exploitation of Moroccan agricultural workers in the Lot-et-Garonne region of southwestern France. This report exposes the harsh realities faced by these workers, who were reportedly charged €14,000 each for seasonal work contracts......
Morocco has achieved remarkable progress in its urban planning initiatives, surpassing 90% coverage of local municipalities. Currently, 1,341 out of 1,503 communes are operating under approved urban planning documents, reflecting a significant commitment to effective land management and sustainable development. According......
Morocco’s National Ports Agency (ANP) has initiated an international tender for a 30-year concession to operate what will become Africa’s largest shipyard in Casablanca. This ambitious project, valued at $300 million, aims to replicate Morocco’s success in automotive manufacturing by......
The Moroccan Agency for Investment and Export Development (AMDIE) organized the “Morocco Now” Economic Day in Dubai, emphasizing the growing economic relationship between Morocco and the United Arab Emirates (UAE) under the theme “From Vision to Action: Morocco and the Emirates Charting......
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