Togolese president faure-gnassingbe

Marhaba 2022: Over half million travelers entered Morocco through Tanger-Med Port

Over 530,430 travelers entered Morocco through Tanger-Med port since the start of Marhaba operation 2022, the annual summer crossings of Moroccan expatriates to spend holidays in their homeland through the strait of Gibraltar and Mediterranean ports. The number of inbound passengers increased this year by 10 pc compared to 2019, says Tanger-Med port authority. The […]

EV Battery: Morocco attracts new Chinese mega-project, whetting investors’ appetite

Morocco’s electric vehicle battery ecosystem is gaining momentum with the announcement of a new $363.5 million investment to be injected by China’s BTR New Material Group in its second plant to be built in Mohammed VI Tangier Tech City. In its latest press release, the Shenzhen-based firm said its 2nd factory in Morocco will produce […]

WB: Morocco Gets $350 Mln Additional Funding to Enhance Social Safety Net System

The World Bank has agreed to provide Morocco $350 million additional funding to support the country’s social protection system, especially AMO-TADAMON destined for vulnerable populations (women, children & people with disabilities) and isolated populations in rural or remote areas. The new loan comes after the $400 million disbursed in 2020 to mitigate the impacts of […]