Morocco’s government will implement a significant increase in the parafiscal solidarity tax on insurance contracts, raising the rate from 1 percent to 1.5 percent. The amendment, scheduled for approval by decree at this Thursday’s Council meeting, aims to strengthen the nation’s disaster response capabilities following recent catastrophic events. The additional revenue will flow directly into […]
The UN High-Representative for Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, Ms. Fekitamoeloa ‘Utoikamanu has praised Morocco’s contribution for the integration of landlocked African countries into regional trade. Speaking in Marrakech at the mid-term review meeting of the African Region of the Vienna Program of Action for Landlocked Developing Countries for […]
Gotion Power Morocco, part of the EV battery giant Gotion High-Tech, will start producing at its gigafactory in Kenitra by the third quarter of 2026, company chairman Khalid Qalam said. In June last year, the Moroccan government unveiled an investment deal with Gotion High Tech worth $6.3 billion, including $1.3 billion in a first phase, […]
