Business Emerging Markets Headlines Morocco

Tanger Med Port: Over 10 Mln containers processed in 2024, Mediterranean leadership consolidated

The Tanger Med port complex has processed 10,241,392 containers in 2024, representing a growth of 18.8% increase compared to 2023 throughput tally. This performance reflects the trust of international shipping operators in the service provided by the Moroccan port which was reinforced with modern facilities and new equipment reducing the ships waiting and maneuvering times, […]

Emerging Markets Headlines Morocco

Morocco to train 40,000 volunteers by World Cup date

Morocco is preparing a training scheme for 40,000 volunteers, mostly university students, to ensure a better organization of the World Cup, chairman of the World Cup organizing committee Fouzi Lekjaa said. The global event, to last seven weeks, would create at least 100,000 jobs in the Moroccan economy and attract at least 10 million visitors […]

Business Emerging Markets Headlines Morocco

Morocco to invest $10bln in rail projects by 2030

Morocco is planning to invest an additional 10 billion dollars (96 billion dirhams) to expand and develop its railway network, transport minister Abdesamad Kayouh said. At least, 5.3 billion dollars will be spent on the high-speed rail link between Kenitra and Marrakech as well as on the development of regional trains, the minister told MPs. […]

Emerging Markets Europe Headlines International Morocco

Spanish official describes migration cooperation between Rabat and Madrid as an ‘example to follow’

Cooperation between Morocco and Spain in circular migration, combining economic development, women’s empowerment, and the strengthening of bilateral ties, is an example to follow, Spanish Minister of Inclusion, Social Security and Migration, Elma Saiz, stated. “Cooperation with Morocco, a partner and friendly country, is based on innovative migration policies such as circular migration, as well […]

Africa Emerging Markets Headlines International Morocco

Morocco calls on Africans to take control of instruments of their health sovereignty

Morocco has called on Africans to take control of the instruments of their health sovereignty, especially so as the continent has all necessary human resources. The call was launched by Morocco’s Minister of Youth, Culture, and Communication, Mohamed Mehdi Bensaid, at the opening Wednesday in Sale, Rabat’s twin city, of the 8th General Assembly of […]

Africa Emerging Markets Headlines International Morocco

CAF highlights Morocco’s track record in hosting major international events

The Confederation of African Football (CAF) highlighted Tuesday Morocco’s proven track record in hosting major international football events, as it is set to stage the upcoming Africa Cup of Nations (AFCON 2025). “Morocco’s selection as the host for AFCON 2025 is no surprise,” CAF wrote in a statement published on its official website. From the […]

Asia Business Emerging Markets Features Headlines International

India to forge strategic partnership with Africa through support for AfCFTA — experts

As the volume of trade between Africa and India has multiplied in the past 20 to 30 years and India has become the continent’s third largest trading partner after China and the EU, analysts say that the African Free Trade Area (AfCFTA) offers significant opportunities for New Delhi to help the continent realize its vision […]

Emerging Markets Finance Headlines Morocco

Morocco’s budget deficit drops to $6.4 bln in 2024

Morocco’s budget deficit shrunk to 64.4 billion dirhams ($6.4 bln) in 2024, from 74.9 billion dirhams, as a rise in government revenue continued to offset higher spending, the Moroccan treasury said. The deficit eased to 3.9% last year from 4.4% a year earlier, as the government increases its ordinary revenue and tax receipts, it said. […]

Africa Emerging Markets Headlines International Morocco

Africa: CEMAC Parliament reiterates constant support for Morocco’s sovereignty over its Sahara, lauds royal initiatives

The President of the Parliament of the Economic and Monetary Community of Central Africa (CEMAC), Evariste Ngamana, reiterated the organization’s constant support for Morocco’s sovereignty over its Sahara on Monday in Rabat. This came during talks the visiting CEMAC President held with Speaker of the Upper House, Mohamed Ould Errachid, on Monday in Rabat, the […]

Emerging Markets Energy Finance Headlines Libya

Libya needs investments worth up to $4bln to boost oil production

Oil-dependent Libya needs to invest between $3 billion to $4 billion in order to reach a production level of 1.6 million barrels per day, acting oil minister Khalifa Abdulsadek told Reuters. In 2024, Libya was producing 1.4 million barrels per day, according to the National Oil Corporation. Oil represents up to 98% of Libya’s income. […]