Africa Emerging Markets Finance Headlines International

ECOWAS renews efforts to launch single currency ECO in 2027

The leaders of the Economic Community of West African States (ECOWAS) have pledged to renew efforts to launch the region’s single currency, the ECO, with the revised date set for 2027. This decision was reaffirmed during the recent 66th Ordinary Session of the ECOWAS Authority of Heads of State and Government in Abuja, where leaders […]

Egypt Emerging Markets Headlines International

Egypt hosts eleventh D8 Summit

Cairo hosted the 11th D8 summit that brought together leaders from developing countries—Egypt, Bangladesh, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey. The summit themed “Investing in Youth and Supporting SMEs: Towards Tomorrow’s Economy” emphasized collaborative efforts to tackle global and regional challenges. The summit focused on the crises in the Middle East, including conflicts, economic […]

Business Emerging Markets Headlines Morocco

Central bank sees automotive sector exports at $20 bln by 2026

Morocco’s central bank gave a promising outlook for Morocco’s current account balance putting emphasis on the growing exports of the automotive sector, seen at a record 20 billion dollars by 2026. Likewise, the bank expects Morocco’s phosphates and derivatives exports would settle at 10 billion dollars, while remittances from Moroccans abroad and tourism receipts would […]

Emerging Markets Europe Finance Headlines International Morocco

Morocco’s ONEE, Germany’s KfW seal €50 Mln loan deal to finance drinking water supply program

The German Agency for International Cooperation (GIZ), through KfW, will grant Morocco’s National Office of Electricity and Drinking Water (ONEE) a €50 million loan destined to finance a climate-resilient drinking water supply program. The program is aimed at securing and reinforcing drinking water supply in several towns, including Ghafsai, El Hajeb, Ain Legdah, Bouderbala, Souk […]

Africa Americas Emerging Markets Headlines International Morocco

Future Congress underscores importance of strategic partnership between Africa, Latin America – Final Declaration

The Future Congress, which wrapped up on Wednesday in Rabat, underscored the importance of the strategic partnership between Africa and Latin America for progress and development as part of South-South cooperation. In the final declaration issued at the end of the conclave, hosted by the Moroccan Parliament on December 17-18, in collaboration with the “Future […]

Business Emerging Markets Europe Headlines International Morocco Technology

Sweden’s Trelleborg launches construction works of new aerospace plant in Morocco

Sweden’s Trelleborg, specialized in sealing systems in the aerospace sector, has launched in Nouaceur (outskirts of Casablanca), the construction works of its new industrial plant. The €10.2 million project will eventually create 150 to 200 jobs and boost the capacity of the local aerospace value chain, in line with the Kingdom’s strategy to improve the […]

Asia Emerging Markets Headlines International Morocco

China grants Moroccan scientist Rachid Yazami lithium batteries patent

Moroccan scientist Rachid Yazami has recently been granted a new patent in China for his method of rapidly charging lithium batteries, particularly for electric vehicles. “Proud to share that after Japan last February, it’s now China’s turn to grant us a patent for the fast battery charging method, particularly for future electric cars,” Yazami posted […]

Americas Emerging Markets Headlines International Maghreb Morocco

Chile supports political solution to Sahara within framework of Morocco-proposed Autonomy Initiative

Chile reiterated, through the voice of its Foreign Minister Alberto Van Klaveren Stork, “constant support for the process led by the United Nations towards a just, pragmatic, lasting, realistic, viable, definitive and mutually acceptable solution to the question of Western Sahara, within the framework of the initiative presented by Morocco to the United Nations in […]

Emerging Markets Headlines Morocco

Morocco faces specter of population ageing

Morocco’s population is ageing with a fertility rate of 1.97 children per woman, head of the planning agency HCP said. Speaking at a presentation on the detailed results of the 2024 census, Chakib Benmousa said the fertility rate is below the 2.1 children per woman, generally believed to be needed to maintain a stable population. […]

Business Emerging Markets Europe Headlines International Morocco

Spain-Morocco relations going through their best moments – Spanish FM

Morocco and Spain are currently enjoying the “best moments in their bilateral relations,” said Spain’s Foreign Minister José Manuel Albares, during a session at the Spanish Congress of Deputies on Wednesday. “Our relations with Morocco are vital and mutually advantageous,” Albares stressed, highlighting the importance of security cooperation between the two countries. This collaboration, according […]