royal air maroc

EBRD expects Morocco’s growth to slow to 1.1 % in 2022 & rebound to 3.3 % in 2023

The European Bank for Reconstruction and Development (EBRD) expects Moroccan economic growth to decelerate to 1.1 per cent in 2022, before rebounding the following year thanks to the anticipated agricultural performance and return of other sectors to pre-pandemic levels. In its Regional Economic Prospects report released this Wednesday, the Bank says economic recovery in Morocco […]

Djibouti launches first wind farm to increase domestic power output

Djibouti has inaugurated Red Sea Power, a wind farm project that will produce 60 MW electricity in a bid to reduce power shortage and increase domestic output by 50 per cent. President Ismail Omar Guelleh unveiled the project over the last week-end. Red Sea Power is located in Ghoubet, 120 km from capital Djibouti. The […]

Morocco’s automotive industry attracts over €300 Mln new investment

Stellantis group, one of the world’s leading automakers, announced on Wednesday a new investment of over €300 million in its Kenitra manufacturing facility aimed at doubling the site’s production capacity and launching the “smart car” platform. The announcement was made by the group during a meeting held in Rabat with Head of Govt. Aziz Akhnnouch […]