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Moroccan Economy Shows Resilience in Challenging Times

The Moroccan economy demonstrated resilience in 2023, growing at a rate of 3.4% according to recently released national accounts data from the High Commission for Planning (HCP). This faster pace of expansion comes despite high inflation and marks an improvement over the prior year's growth of 1.5%.  Domestic......

Striking a Balance: Morocco's Quest for Water Security

As the world confronts the mounting challenges of water scarcity, Morocco stands at a critical juncture. The nation is facing an escalating water crisis that threatens its environmental, economic, and societal stability. Each year, Morocco's water issues worsen. Current estimates suggest that there......

Managem Successfully Concludes Capital Increase Amid High Investor Demand

Managem, a leading Moroccan mining company, has announced the successful closure of its recent capital increase through a combination of cash contributions and debt conversions. The operation involved the allocation of 1,873,368 new shares, resulting in a total capital raise of nearly 3 billion Moroccan......

Resumption of Madrid-Marrakech Flights: Air Europa Leads the Way

Air Europa, the Spanish carrier, has announced its plans to resume nonstop service between Madrid and the increasingly popular tourist destination of Marrakech, Morocco, beginning March 21. This decision comes after the airline temporarily halted the twice-weekly route during the COVID-19 pandemic.......

Expansion of Kenitra Export Zone to Address Increasing Investor Demand

The Moroccan government has recently sanctioned the expansion of the Kenitra export processing zone in response to burgeoning investor interest in the region. In an announcement made on Thursday, following a meeting presided over by Prime Minister Aziz Akhannouch, the government disclosed plans to augment......

Rabat-Salé Airport Experiences Remarkable Rebound: Over One Million Passengers in 11 Months

In a striking resurgence of travel demand, Rabat-Salé Airport has welcomed over 1 million passengers in the first 11 months of 2023, showcasing a substantial recovery compared to pre-pandemic levels. The latest data from Morocco's National Airports Office (ONDA) reveals that between January......