President Joe Biden

Morocco to increase annual spending on social safety nets to $5bln

Morocco plans to increase spending on social protection to 5 billion dollars annually, covering mandatory health insurance, direct cash handouts to needy social categories, and housing acquisition aid, head of the government Aziz Akhannouch said. Speaking to members of Parliament, Akhannouch said the measures are in implementation of the King’s directives to move towards a […]

Morocco & Mauritania to speed up partnership in grids interconnection, renewable energies

Ways of accelerating Moroccan-Mauritanian cooperation in electricity and renewable energies were at the center of talks held Monday in Nouakchott between Moroccan minister of Energy Transition Leila Benali and Mauritanian Minister of Energy Mohamed Ould Khaled. The talks, held on the sideline of 7th Mauritanian Energy & Mining Conference & Exhibition (Mauritanides), were an opportunity […]

Family-owned firms drive IPO boom on Casablanca Stock Exchange

A new wave of family-owned businesses is reshaping Morocco’s financial landscape as they increasingly turn to the Casablanca Stock Exchange to secure growth and ensure succession. The latest example is SGTM, a heavyweight in Morocco’s construction sector, which is preparing a landmark initial public offering (IPO) scheduled for December 16, Jeune Afrique reported in a […]