Africa Emerging Markets Europe Headlines International Morocco

Morocco-Spain rail link floats again with 2030 WC

After some four decades, the idea of a rail link between Morocco and Spain floats again as the two countries, together with Portugal, prepare to host the 2030 World Cup. International media is speaking of underway surveys on the project that would boost connectivity between Europe and Africa. During his most recent visit to Morocco, […]

Business Emerging Markets Europe Headlines International Morocco

Morocco’s autonomy plan for Sahara resounds in London

A group of UK former officials, MPS and security pundits urged their country to back Morocco’s autonomy plan, describing it as conducive to regional security and serving UK’s interests. Among the speakers at a conference held as part of an event showcasing Morocco’s investment opportunities, Liam Fox reiterated his call on the UK government to […]

Emerging Markets Finance Headlines Morocco

IMF hails resilience of Morocco’s economy to recent shocks

The International Monetary Fund has praised the resilience shown by Moroccan economy to challenging external conditions. Despite water scarcity, the September 2023 earthquake, and country’s economic activity picked up to 3 % in 2023 thanks to strong exports and a rebound of domestic demand In a press release issued Wednesday, the Fund’s Executive Board, which […]

Asia Business Emerging Markets Headlines International Morocco

Arab-Central Asia economic cooperation forum hails role of Al-Quds Committee Presidency

The 3rd Arab Economic and Cooperation Forum with the countries of Central Asia and Azerbaijan, held on Tuesday in Doha at the level of Ministers of Foreign Affairs, Finance and Economy, highlighted the importance of the role of the Presidency of the Al-Quds Committee. In the Doha Declaration issued at the end of the Forum, […]

Africa Emerging Markets Headlines International

AfCFTA implementation hampered by barriers to air travel, intra-African trade — aviation experts

Easy movement of people in Africa, also facilitated by affordable airfares, without the hindrances of state boundaries, is one of the key prerequisites for the full implementation of African Continental Free Trade Area (AfCFTA), according to stakeholders in the continent’s aviation industry. Air transport, which facilitates free movement of people across nations with liberalized inter-state […]

Emerging Markets Energy Headlines Morocco

SDX starts producing gas in Morocco

The London-based energy company SDX said it has started gas production in Morocco after receiving government’s approval. SDX well is located in the Gharb region not far from Kenitra, where there is an industrial zone including automotive plants that need gas for industrial operations. Morocco considers gas a transition energy to cut its carbon footprint […]

Africa Emerging Markets Headlines International

Rwanda rebuffs ‘baseless allegations’ it ‘launders’ conflict minerals from DRC used in Apple products

Rwanda has hit back at the government of the Democratic Republic of Congo (DRC) for making “baseless allegations” against Apple after Kinshasa earlier accused the tech giant of using illegally exported materials from the war-torn east of the West African country in its products. Lawyers representing the DRC government alleged last week that Apple was […]

Emerging Markets Finance Headlines Morocco

Morocco raises salaries of civil servants and hikes minimum wage for private, farming sectors

The Moroccan government agreed to a 1000 dirham pay rise for civil servants and hiked by 10% the minimum wage for workers in the private and farming sectors. This came following a new round of dialogue with the main labor unions in the country. The pay raise will take place in two stages this year […]

Emerging Markets Energy Europe Headlines International Morocco

Engie North Africa seeks buyer for its stake in Safi coal plant

North African offshoot at French Engie compagnie said it was looking to sell its stakes at Safi coal-powered station, as part of its plan to quit coal operations before 2027, its CEO told Reuters. The company operates Morocco’s largest wind park in Tarfaya and is building a desalination plant along with its wind farm in […]

Emerging Markets Headlines Morocco

Morocco on way to raise salaries of employees, civil servants

The Moroccan government and major labor unions are discussing a 10% wage hike for the minimum salary in the private sector employees and a 1000-dirham raise for civil servants, Miloud Mokharik head of UMT union said. The salary hikes would take place in two stages this and next year, Mokharik told L’economiste daily. Negotiations also […]