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Credit Agricole Morocco Secures $100M Year-End Bond Issue Amid Strategic Transitions

Credit Agricole of Morocco (CAM) has concluded 2024 with a robust MAD 1 billion ($100 million) subordinated bond issuance, signaling strong market confidence in the institution's financial standing. The December 31 operation was strategically structured into two equal tranches of MAD 500 million......

OCP Africa Partners with Niger to Transform Agricultural Value Chains

OCP Africa, a subsidiary of Morocco’s OCP Group, has entered into a landmark partnership with Niger’s Ministry of Agriculture and Livestock to improve the country’s agricultural value chains. The agreement, announced on Friday, aims to promote sustainable agricultural development and......

Laayoune Hosts Groundbreaking Conference on Camelid Innovation

The inaugural International Conference on Camelids kicked off in Laayoune, Morocco, bringing together local breeders, international experts, and scientists to explore cutting-edge developments in camelid management. This three-day event, running from October 14 to 16, aligns with the United Nations Food......

Morocco's Economic Outlook: A Balanced Approach to Growth and Resilience

Morocco's economic trajectory is set to navigate a delicate path in the coming year, with the Bank Al-Maghrib (BAM) projecting a modest growth rate of 2.8% for 2024. This forecast, while indicating a slowdown from previous years, reflects a strategic approach to managing economic challenges and positioning......

Reviving Agriculture: Al Haouz Earthquake Recovery Program Secures $18 Million

In the aftermath of the devastating Al Haouz earthquake, a significant step towards recovery has been taken, with the announcement of an $18 million program aimed at reviving the region's crippled agricultural sector. The Al Haouz earthquake, which struck in September 2023, left a trail of destruction......

Morocco Advances Cannabis Reform with Royal Pardons for Over 4,800

In a significant move reflecting Morocco’s shifting cannabis policy, King Mohammed VI has granted pardons to 4,831 individuals involved in cannabis-related offenses, predominantly from the Rif region. Announced by the Ministry of Justice on the anniversary of the King and People's Revolution,......

Morocco and El Salvador Fortify Partnership with Agricultural Focus

In a significant stride towards mutual prosperity, Morocco and El Salvador are deepening their bilateral ties with a focus on agricultural collaboration. The synergy between Morocco's agricultural expertise and El Salvador's fertile lands promises to yield substantial economic benefits for both......

Morocco Co-Chairs Crucial Meeting on Global Food Security in Rome

In a pivotal gathering held at the Food and Agriculture Organization (FAO) headquarters in Rome, Morocco co-chaired a significant meeting aimed at bolstering collaboration among key United Nations food security agencies. The discussions, led by Youssef Balla, Morocco’s Permanent Representative......

Nurturing Africa's Agricultural Prosperity: Morocco's Unwavering Commitment

At the African Summit on Fertilizers and Soil Health in Nairobi, Morocco's steadfast dedication to advancing food security across the African continent took center stage. Moroccan Foreign Minister Nasser Bourita delivered a compelling affirmation of the nation's commitment to bolstering agricultural......