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Keywords: Growth


Over 61,000 New Businesses Created in Morocco by August 2024

Morocco has witnessed an impressive surge in entrepreneurial activity, with over 61,000 new businesses established by August 2024, according to the Moroccan Office of Industrial and Commercial Property (OMPIC). The report highlights a remarkable growth in the business landscape, with a total of 61,178......

 Akdital’s Expansion Drives Revenue to 2 Billion Dirhams by September 2024  

Akdital has achieved remarkable growth, reporting revenues of 2 billion dirhams by the end of September 2024, reflecting a 52% increase in turnover. This achievement is primarily attributed to the group's strategic expansion of its national network. A key milestone in this expansion was the opening......

Unlocking Africa's demographic potential: An expert's perspective

Arkebe Oqubay, a renowned architect, urban planner, and former Senior Minister and Advisor to the Prime Minister of Ethiopia, recently shared his insights on the opportunities and challenges facing the African continent. According to Oqubay, Africa is a demographic powerhouse, with rapid population......

Morocco’s Growing Role in the Belt and Road Initiative

Chinese President Xi Jinping has reaffirmed China’s commitment to strengthening bilateral ties with Morocco, underscoring the North African country's pivotal role in advancing the Belt and Road Initiative (BRI). This follows a brief but significant visit by President Xi to Casablanca, where......

Fayda’s Expertise Key to ONMT’s Success in Boosting Morocco’s Tourism Industry

Morocco’s Tourism Minister Fatim Zahra Ammor has lauded Achraf Fayda, the newly appointed General Director of Morocco’s National Office of Tourism (ONMT), as a key figure in the country's ongoing efforts to enhance its tourism sector. At Fayda’s official appointment ceremony in......

Morocco Awards MAD 2.32 Billion Contract for High-Speed Rail Expansion

Kenitra-Marrakech LGV Project Advances with Gezhouba's Viaduct Deal Morocco's ambitious high-speed rail project connecting Kenitra to Marrakech has taken a significant step forward. The China-based Gezhouba Group has secured a MAD 2.32 billion ($225 million) contract to construct critical viaducts......

Morocco-China Cooperation under BRI Holds 'Very Promising' Potential, Says Ambassador

Morocco’s cooperation with China under the Belt and Road Initiative (BRI) is set to thrive, with both nations poised to leverage key strategic advantages, according to Abdelkader El Ansari, Morocco's Ambassador to China. In a recent interview with China Daily, El Ansari emphasized Morocco’s......

A New Chapter for Moroccan Tourism Achraf Fayda Takes the Helm of ONMT

On Monday, November 25, 2024, Achraf Fayda was officially appointed as the new Director General of the Moroccan National Tourist Office (ONMT) during a ceremony held in Rabat. This appointment, following his designation at the most recent Government Council, marks a pivotal moment in the leadership of......

Sonasid Reports 5% Sales Growth Driven by Strategic Investments and Regional Expansion

Sonasid, Morocco’s leading steel producer, has announced a 5% rise in sales, reaching MAD 3.704 billion by the end of September 2024. This growth is attributed to a 12% increase in sales volumes over the first nine months of the year, reflecting the company's effective strategies and investments. A......

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