Emerging Markets Finance Headlines Morocco

Morocco launches post-flood reconstruction plan

Morocco has launched a reconstruction plan in flood hit areas worth 2.5 billion dirhams ($260 million), the government said. The plan will be funded by the Moroccan fund for addressing natural disasters, the head of the government office said. The funds include financial aid to help rebuild 1,121 houses, including 269 homes that have been […]

Africa Energy Headlines International Mauritania

Mauritania-Senegal: Production of the “Grande Tortue Ahmeyim” gas field planned for early 2025

Mauritanian Minister of Energy and Petroleum, Mohamed Ould Khaled, has announced that the extraction operations from the joint gas field with Senegal, designated as the Grande Tortue Ahmeyim (GTA), are projected to start in early 2025. During his address at the inaugural Mauritanian-Senegalese Economic Forum in Dakar, which commenced earlier this week under the theme […]

Africa Emerging Markets Finance Headlines International Morocco

Morocco tops list of African countries offering highest salaries, Vanguard

Morocco topped the list of African countries where workers earn the highest salaries, according to a survey by Nigerian media the Vanguard. Morocco came first on the list “with an average salary of $2,031 due to its diversified economy, strong sectors like tourism, textiles, and mining, and strategic investments in infrastructure,” the media said. The […]

Headlines Tunisia

Tunisia: Twelve arrests following migrants’ tragedy at sea

Twelve individuals, including the organizer of a failed emigration attempt and his Tunisian wife, were arrested following the tragic drowning of at least fifteen migrants near Djerba, Tunisia, the National Guard reported on Wednesday, October 2. Last Monday, the coastguard rescued 31 people from a boat that sank 500 meters off the coast and recovered […]

Business Emerging Markets Headlines Morocco

Automotive sector leads Morocco’s exports in January-August

The automotive sector continues to top Morocco’s exports in the first eight months this year at 10.3 billion dollars, up 7.6%, Morocco’s foreign exchange agency said. Morocco is home to two production plants by Renault and Stellantis and has an ecosystem of parts producers as it has also attracted Chinese EV battery manufacturers. Despite consecutive […]

Business Emerging Markets Headlines Morocco

Morocco’s tourism revenue at record $1.75 bln in August

Morocco’s tourist receipt grew 20% in August to a record 17 billion dirhams or $1.75 billion, underscoring a strong recovery of the sector, the tourism ministry said. In the first eight months this year, travel receipts increased 7% to 76 billion dirhams ($7.8 bln), it said in a statement. “These results confirm the unprecedented momentum […]

Headlines Morocco

Morocco: Instigators for illegal migration receive up to 10 months jail sentence

The judiciary has started examining the cases of 152 people accused of inciting to illegal migration, with 53 already receiving jail sentences varying from 3 months to 10 months. On September 15, some 3000 would-be migrants attempted to cross into the Spanish-occupied enclave of Ceuta in response to calls for mass crossings on social media. […]

Americas Headlines International Maghreb Morocco

Sahara: Washington reaffirms support for Morocco’s serious, credible, realistic Autonomy Plan

The U.S. government has reiterated its unwavering support to the Autonomy plan offered by Morocco for the Sahara under its sovereignty, describing the plan as “serious, credible and realistic”. The supportive stand was voiced Tuesday by U.S. State Department Spokesperson Matthew Miller in a press release issued following the meeting held in Washington between Moroccan […]

Africa Headlines International

Côte d’Ivoire: Ruling Party urges Ouattara to seek unprecedented fourth term

The ruling party of Côte d’Ivoire has expressed strong support for President Alassane Ouattara to seek a fourth term in the upcoming 2025 elections. This development increases the likelihood of the 82-year-old leader extending his tenure, despite previous indications of his desire to step down. The Rally of Houphouëtists for Democracy and Peace (RHDP) passed […]

Europe Headlines International Morocco

Morocco & UK Discuss Military Cooperation, Exchange of Experiences & Joint Exercises

Moroccan-British military cooperation prospects were at the center of separate meetings held Tuesday in Rabat by Vice Admiral Edward Graham Ahlgren with minister in charge of National Defense Administration, Abdeltif Loudyi, and Inspector General of the Royal Armed Forces and Commander of the Southern Zone, Lt. General Mohamed Berrid. Talks between Loudyi and the Royal […]