Morocco Exempts Newly Created Industrial Companies from Corporation Tax

Industrial companies created after June 2017 will be exempted from paying the corporation tax, authorities said. A decree was published in the official gazette stating that industrial enterprises will not have to pay the tax for five years after their creation as the government seeks to encourage industrial investments. The tax exemption is targeting enterprises […]

Royal pardon for cannabis farmers, conducive to investments

Thousands of families, mostly in northern Morocco, breath a sigh of relief following a royal pardon that benefited 4781 farmers indicted or wanted on illegal cannabis farming charges. Cannabis is the main agricultural activity in many areas in western Rif, where it has been grown for generations illegally. Since 2021, Morocco opened a legalization process […]

Algeria: Army to fly over 800 supporters to Egypt for AFCON final

The Algerian army has mobilized six military aircraft to fly 870 Algerians to Egypt as the national soccer team lock horns with Senegal Friday at the final of the African Cup of Nations, AFCON. The army Monday said it added three additional aircraft to fly 270 more supporters. Algeria joined Senegal Sunday for the AFCON […]