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Moroccan Government Approves SRM Casablanca-Settat’s Full Acquisition of Lydec

In a highly anticipated move, the Moroccan government has officially authorized the Société Régionale Multiservices (SRM) Casablanca-Settat to acquire 100% of Veolia’s shares in the utility company Lydec S.A. This significant development was formalized through Decree 2.24.737,......

PSG Expands Horizons with Casablanca Football Academy Launch

Paris Saint-Germain (PSG) is set to deepen its connections with Morocco by unveiling a cutting-edge football academy in Casablanca, scheduled to open in September 2024. This initiative underscores the club's commitment to nurturing young talent and strengthening its presence in the region. Located......

Morocco Sets Sights on Robust Economic Expansion

In a bold forecast that has caught the attention of economic analysts, Morocco's Economy and Finance Minister, Nadia Fettah Alaoui, has unveiled an ambitious projection for the nation's economic growth. Speaking at a joint parliamentary session in Rabat, Fettah Alaoui announced that Morocco's......

Morocco's Social Assistance Program Sees 4.6 Million Applications by Early July

Morocco's social assistance initiative has witnessed a substantial response, with 4.6 million applications submitted by July 6. This announcement came from Nadia Fettah, the Minister of Economy and Finance, during a recent session in the House of Representatives. Fettah highlighted the current state......

AfDB Invests €1.26 Billion in Morocco's Development: A Strategic Partnership for Progress

The African Development Bank (AfDB) has launched a significant €1.26 billion (MAD 12.89 billion) investment package for Morocco, marking a substantial commitment to the Kingdom’s economic and social advancement. Since the start of 2024, the AfDB has unveiled nine strategic projects across......

Morocco Secures Seat on African Union Advisory Board on Corruption

Nadia Annouz Elected with Overwhelming Support In a significant development, Morocco has been elected to the African Union Advisory Board on Corruption (AUABC) during the 45th Ordinary Session of the AU Executive Council, which took place in Accra, Ghana. Nadia Annouz, currently the vice-president......

Historic Mamounia Hotel Changes Hands: A $173 Million Deal

In a landmark transaction, the Moroccan government has sold its shares in the legendary Mamounia Hotel to the state-owned OCP Group for a sum of 1.7 billion dirhams ($173 million). This move signals a significant shift in ownership for Morocco's oldest and most illustrious hotel, celebrated globally......

ICSID Ruling: Moroccan State Prevails in SAMIR Oil Refinery Dispute

In a landmark decision on Monday, the International Centre for Settlement of Investment Disputes (ICSID) dismissed the majority of claims brought by Corral Morocco Holding against the Moroccan state concerning the SAMIR oil refinery case. The ICSID awarded Corral a modest $150 million in compensation,......

Moroccan Taxis Embrace Digital Transformation

Morocco has taken a significant step forward in modernizing its public transportation system, with taxi drivers across the country now equipped with innovative digital tablets that are revolutionizing the taxi experience. The company behind this transformation is Itechia, which recently launched the......