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Keywords: Growth
Morocco's persistent trade deficit is showing signs of improvement as the cost of imports declines while exports continue to rise. According to the latest figures from the Office d'Exchange (OE), the trade imbalance contracted by 14% in March 2024, with import costs falling by 4% year-over-year......
Morocco's export sector is undergoing a renaissance, driven by growth in key industries like automotive, aerospace, and electronics. This upward trajectory, along with declining imports, has narrowed the country's trade deficit, providing a significant boost to its economy. Data from the Moroccan......
In a remarkable success story, Morocco has firmly established itself as a regional leader in the automotive industry, driven by sustained growth and an unwavering commitment to excellence. With more than 250 suppliers and equipment manufacturers, Morocco's automotive ecosystem has proven its resilience,......
Air Arabia Maroc, Morocco's leading low-cost carrier, has announced a significant increase in flight frequencies between the coastal city of Agadir and the capital, Rabat. This move is part of the airline's efforts to improve domestic travel accessibility and cater to the growing demand for convenient......
In a landscape-shifting move, major French banks are withdrawing from their long-standing presence in African markets, creating new competition and opening doors for local and regional lenders. This trend, outlined in a recent Fitch Ratings report, signals a significant transformation in the African......
Morocco's telecommunications industry is undergoing a significant transformation as the nation's mobile market experiences remarkable growth. By the end of 2023, mobile connections had soared to 55.9 million, according to a report from the Ministry of Economy and Finance. This represents a 5.6%......
Tourism arrivals in Morocco surged to 3.3 million individuals by the end of the first quarter of 2024, marking a remarkable 12.8% increase compared to the same period a year prior, as reported by the Directorate of Studies and Financial Forecasts (DEPF). "For the beginning of 2024, the key indicators......
In recent years, the automotive industry has emerged as a driving force behind Morocco's economic growth. Within a relatively short span, the sector has transformed into the nation's foremost industrial domain, attracting numerous foreign industry leaders specializing in the manufacturing of......
SB3S Seed to Scale Studio has launched its much-anticipated "3rd ACT" program, inviting submissions for a groundbreaking initiative that will support and fund 10 innovative startups in their journey toward investment. SB3S is one of 12 organizations accredited by Tamwilcom under the Innov......
