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Keywords: Growth


Morocco's Tourism Boom: 13.1 Million Visitors Signal Strong Economic Recovery

Morocco's tourism sector is experiencing a remarkable resurgence, with visitor numbers soaring to 13.1 million by the end of September 2024. This impressive figure represents a substantial increase of approximately two million tourists compared to the same period in 2023, according to recent data......

African Nations Convene in Tangier to Harness Ocean's Potential for Sustainable Growth

The coastal city of Tangier, Morocco, recently played host to a groundbreaking event that brought together African nations to explore the vast potential of the ocean economy. The inaugural African Ocean Week, held in conjunction with the 3rd High-Level Ministerial Conference on the Blue Belt Initiative......

Strengthening Ties: Nasser Bourita and Fernando Clavijo Discuss Issues in Rabat

In a significant diplomatic engagement, M. Nasser Bourita, Morocco's Minister of Foreign Affairs and International Cooperation, held constructive discussions today in Rabat with M. Fernando Clavijo, President of the Government of the Canary Islands. The meeting focused on various topics of mutual......

Morocco's Q3 2024 Economic Pulse: Industrial Boom Offsets Agricultural Decline

Morocco's economy showed resilience in the third quarter of 2024, with growth reaching 2.8%, up from the 2.4% average recorded in the first half of the year. This uptick, reported by the High Commission for Planning (HCP), stems from a continued recovery in domestic demand and a robust increase in......

PepsiCo's Financial Outlook: A Slump in Sales and a Shift in Consumer Behaviour

PepsiCo's recent financial report has revealed a concerning trend, with the company's sales performance falling short of expectations for the second consecutive quarter. This has prompted a revision of its full-year outlook, indicating a potential slowdown in the snack and beverage giant's......

Specialty MGA Africa & Middle East Expands into Morocco, Eyeing Regional Growth

Specialty MGA Africa & Middle East has made its first foray into North Africa with the opening of a new office in Casablanca, Morocco. This strategic move comes after receiving approval from Morocco's Minister of Finance, marking a significant step in the company's regional expansion plans. The......

German and Chinese Firms Secure Crucial Contracts for Morocco's High-Speed Rail Project

Morocco's national railway operator, ONCF, has awarded significant contracts to German and Chinese companies for the supply of essential components in the country's ambitious high-speed rail expansion project. This development marks a major step forward in enhancing Morocco's transportation......

Morocco's 2030 World Cup Ambitions: Balancing Tourism Growth and Sustainability

As Morocco gears up to co-host the 2030 FIFA World Cup alongside Spain and Portugal, the North African nation is taking strategic steps to bolster its tourism sector while addressing concerns about potential overtourism. The country's ambitious plans aim to double visitor numbers and significantly......

Hankook Tire Expands Footprint: New Moroccan Branch Signals Growth in African Market

In a strategic move to strengthen its presence in North Africa, premium tire manufacturer Hankook has established its first commercial branch in Morocco. This expansion marks a significant step in the company's efforts to penetrate the African market, with operations being driven by Hankook's......

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