Business Emerging Markets Europe Headlines International Morocco

Morocco tops fresh produce exporters to Spain

Morocco has strengthened its position as Spain’s top supplier of fresh produce in 2024, with exports reaching 801 million euros from January to October, up 13% from the same period a year earlier, Spain’s fresh produce association (FEPEX) said. Nearly a quarter of Spanish imports of fruits and vegetables were supplied by Morocco, FEPEX said […]

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African farming: PDDAA Summit closes with adoption of Kampala Declaration

The Summit of the Detailed Program for the Development of African Agriculture (PDDAA) concluded on Saturday with the adoption of the Kampala Declaration. The Kampala Declaration focused on the development of a resilient and sustainable agri-food system in Africa, as well as the PDDAA’s ten-year strategy and action plan. In this context, participants decided to […]

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Essaouira connected directly to Paris, Lyon, Nantes as of next Spring

Three direct flights to Essaouira from Paris, Lyon, and Nantes will be launched as of April, with two to three weekly flights for each destination. Ryanair will kick off the Paris-Beauvais to Essaouira route in April, responding to growing demand for the city, as confirmed by the management of Essaouira-Mogador Airport. In May, EasyJet will […]

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Moroccan treasury gains $600 mln thanks to tax amnesty

Morocco’s treasury has gained an additional 600 million dollars (6 billion dirhams) following a tax amnesty program that expired on Dec 31, 2024. At least 127 billion dirhams ($12.7 billion) has been injected in the Moroccan banking system thanks to the tax amnesty, which allowed cash-holders to pay a reduced 5% tax on their deposits, […]

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Ethiopia launches stock exchange to spur private sector

Ethiopia has become the latest African country to launch its own stock exchange on January 10 to open-up its growing economy to private investors. The launch is part of economic reforms to end the state control of the economy of the near 100-million-nation. Dubbed, the Ethiopian Securities Exchange (ESX), the bourse is expected to provide […]

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AU agriculture summit in Uganda to advance new strategy for Africa’s food self-sufficiency

Africa’s agriculture ministers are meeting in Uganda this week to discuss sustainable agriculture and food production systems in light of the climate change, which comes amid warnings that climate crisis is pushing temperatures to levels never experienced by modern humans. The extraordinary African Union (AU) summit on agriculture opened in Uganda’s capital Kampala on Thursday […]

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Economic void left by EU-Morocco trade ties, to be filled by US, Russia and China- Washington Institute paper

The Washington Institute for Near east Policy warned that the EU’s decision to annul fisheries and agriculture deals, will push Rabat to foster commercial ties with the US, Russia, and China. The EU issued a politically-motivated verdict annulling fisheries and agricultural trade deals with Morocco because they included products originating from the Sahara territory. The […]

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Morocco tops African destinations with 17.4 million tourists in 2024

Morocco has become Africa’s top tourist destination with new record arrivals of 17.4 million tourists in 2024, the tourism ministry said. Arrivals were two years ahead of schedule or 20% higher compared with 2023, showing the country has turned the Covid-19 page thanks to major investments in its hospitality sector. Of all visitors, 51% were […]

Emerging Markets Europe Headlines International Morocco

French Senators impressed by socio-economic development in Morocco’s southern provinces

A delegation of French senators, currently visiting Morocco, shared their admiration for the development process in the Southern Provinces and the scale of ongoing projects, especially in the city of Dakhla. “We are impressed by the significance of the projects we have seen up close, as well as those presented to us in Dakhla,” said […]

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South Sudan restores crude oil production and export via Sudan as force majeure is lifted

The South Sudanese government and key oil companies have jointly announced the resumption of oil production and export at its Blocks 3 and 7 in the Upper Nile State with an initial output target of 90,000 barrels of crude oil per day. In a joint statement Tuesday (7 January), they said that normal operations have […]