Morocco highways

Morocco to create $4.8 bln strategic investment fund

Morocco will set up a strategic investment fund worth $4.8 billion to help the economy recover from the coronavirus impact, Finance Minister Mohamed Benchaaboun said Tuesday at a news conference in Rabat. The fund is part of a stimulus package of 120 billion dirhams ($12.8 bln) unveiled by King Mohammed VI at the Throne Day […]

Morocco: Over 4 tons of cannabis seized in Atlantic coastal city of Asilah

Morocco’s police of the city Asilah, on the northwest tip of the Atlantic coast of the Kingdom, have foiled an attempt to smuggle 4.6 tons of cannabis. This major drug bust was made during a security combing operation carried out in the city coastline, which led to the discovery and seizure of 117 bales of […]

Digital innovation transforms Morocco’s traditional savings system

Morocco’s centuries-old rotating savings system, known locally as “daret” or tontine, is undergoing a digital transformation aimed at addressing the financial exclusion affecting 53 percent of the country’s adult population. The new mobile application, developed by former French banking executives Nabil Chakir and Mourad Chokeir, seeks to modernize this informal financial practice while preserving its […]