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Keywords: Economic


Morocco Unveils Bold Strategy to Combat Rising Tobacco Health Crisis

Morocco has launched an ambitious national initiative to tackle its growing tobacco-related health crisis, as announced by Health Minister Amine Tahraoui during a recent address to the House of Representatives. The comprehensive plan aims to reduce smoking rates and address the devastating impact of......

Morocco's Business Landscape Faces Critical Challenge as 40,000 Companies Face Closure in 2024

The Moroccan business sector is experiencing significant turbulence as an estimated 40,000 businesses are expected to close their doors by the end of 2024, according to recent reports from the Moroccan Confederation of SMEs (CMTPME). This dramatic increase in business closures highlights the ongoing......

Morocco's Treasury Auction Exceeds Expectations with $700 Million Bond Sale

Morocco's Treasury demonstrated remarkable market strength in its first auction of 2025, successfully raising over 700 million USD (MAD 7 billion), marking the most substantial issuance since February 2024. The January auction exceeded expectations, drawing more than 1.2 billion USD in total demand......

UK Manufacturing Sector Faces Steepest Decline in Nearly a Year

British manufacturing experienced its sharpest contraction in 11 months this December, as revealed by a recent survey. Weak foreign demand, rising costs, and increased tax burdens drove manufacturers to scale back operations, including workforce reductions, signaling broader economic challenges. Declining......

Morocco's Industrial Sector Shows Modest Growth as Producer Prices Edge Up in November 2024

Morocco's industrial sector demonstrated subtle economic shifts in November 2024, with the Industrial Producer Price Index Excluding Petroleum Refining recording a modest 0.1% increase, according to recent data from the High Commission for Planning (HCP). The food industry emerged as the strongest......

Morocco's Diaspora Remittances Surge to $10.7 Billion, Strengthening Economic Ties

Morocco's expatriate community continues to make substantial contributions to the national economy, with diaspora remittances reaching MAD 108.67 billion ($10.7 billion) by November 2024, according to recent data from Morocco's Office of Foreign Exchange. This represents a 2.8% increase compared......

Morocco Posts 4.3% Economic Growth as Industrial Sector Drives Q3 Performance

Morocco's economy demonstrated resilient growth in the third quarter of 2024, expanding by 4.3% compared to 3% in the same period last year, according to data released by the High Commission for Planning (HCP). The growth trajectory was primarily fueled by robust performance in the secondary sector,......

Ghana Eliminates Visa Requirements for Moroccan Citizens, Boosting African Economic Integration

Ghana has announced a significant policy change that will allow Moroccan nationals to enter the country without obtaining a visa, effective January 1, 2025. The decision, announced by authorities in Accra, marks a substantial shift in Ghana's immigration policy and aims to strengthen economic ties......

Morocco Unveils $1.3 Billion Plan to Combat Youth Unemployment

Morocco's government has launched an ambitious MAD 14 billion ($1.3 billion) initiative to address unemployment challenges, with a particular focus on creating opportunities for young job seekers without formal qualifications. The comprehensive strategy, announced by Economic Inclusion Minister Younes......

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