Business Emerging Markets Features Headlines Morocco

EBRD Forecasts 3.1 % Growth in Morocco in 2023

Economic growth in Morocco is expected to pick up to 3.1 per cent in 2023, announced on Tuesday by the European Bank for Reconstruction and Development (EBRD). In its latest Regional Economic Prospects (REP) report, the Bank’s analysts explained the projected Moroccan economic growth by the anticipated agricultural recovery, moderate inflation and the country’s removal […]

Business Emerging Markets Features Headlines Morocco

Morocco: King Mohammed VI presents first model Moroccan car brand, prototype of hydrogen vehicle

King Mohammed VI, presided, on Monday at the Royal Palace in Rabat, over the presentation ceremony of the model of the first Moroccan car manufacturer and the prototype of a hydrogen vehicle developed by a Moroccan, two innovative projects that will strengthen the promotion of the “Made In Morocco” Label and consolidate the Kingdom’s position […]

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UK Aterian Mining Company Finds High Grade Silver in Morocco

The London-based mining company Aterian announced on Monday it discovered high grade silver in its geological reconnaissance operations conducted in its Jafra project located 35 km northeast of Marrakech. The Project is one of 15 copper, silver and base metal projects owned by Aterian, covering a total area of 762 km2 in Morocco. It lies […]

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Pan-African Parliament: Morocco contributes to building African Continental Free Trade Area

Morocco has contributed to the African Continental Free Trade Area (AfCFTA) through numerous socioeconomic integrated projects launched in several African countries to improve their infrastructures, industry, university & vocational training, health system, and strengthen their food & energy sovereignty. The remarks were made Monday in Johannesburg by Speaker of the Moroccan Parliament’s Upper House Enaam […]

Americas Emerging Markets Headlines International Morocco

Ceasefire between Israel and Gaza, security and peace in the region at focus of phone call between Antony Blinken and Nasser Bourita

US Secretary of State Antony Blinken had this Monday, May 15, a phone call with Moroccan Foreign Minister Nasser Bourita, during which the two officials discussed the ceasefire between Israel and Gaza, as well as security and peace in the region. The US Secretary of State announced the phone call in a post on his […]

Emerging Markets Energy Headlines Morocco

Taqa Maroc sets up renewable energy subsidiary

Morocco’s largest private electricity producer, Taqa Maroc, has launched a renewable energy subsidiary to take care of its solar projects, Moroccan media said. UAE firm Taqa Maroc is listed on the Casablanca stock exchange and has reported a first quarter revenue of 4.09 billion dirhams, up 53.9% from last year as coal prices drop. It […]

Business Emerging Markets Headlines Morocco

Morocco to receive 6th Canadair firefighter, two more to be delivered soon

Morocco reinforces its firefighting capacities with the reception of a 6th Canadair water bomber, while two others will be delivered soon, defense news portal FAR Maroc said. Hit by the worst drought in decades and the hottest year in over four decades, Morocco fought 500 wildfires that affected over 22,000 hectares last year. This year, […]

Business Emerging Markets Finance Headlines Morocco

Private clinic operator Oncorad raises $45 mln to finance its growth

Moroccan private clinic operator Oncorad raised 45 million dollars via private equity funds France’s Stoa and Morocco’s CDG Invest as part of an effort to fund its expansion plan, it said. Oncorad plans to have 30 clinics by 2026 as it sees a pressing need to fill in shortages in private hospitals especially in remote […]

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RwandaAir, Qatar Airways Cargo team up to launch new African cargo hub

RwandAir has partnered with Qatar Airways to launch a major new African cargo hub — Kigali Cargo Hub — to help Rwanda’s flag-carrier develop its capital, Kigali, into a regional cargo powerhouse. The new Kigali Cargo Hub is part of a long-term strategic plan for the cargo division of RwandAir, which has seen cargo carried […]

Business Emerging Markets Headlines Morocco

Green Plan helped Morocco offset some drought impact- PM says

Head of the Moroccan government Aziz Akhannouch defended his cabinet bill with regards to agriculture input highlighting the rewards of the Green Plan launched in 2008 amid fierce critics by the opposition which laments a lack of “full food sovereignty” and a predominance of exports over satisfying domestic market needs. Speaking at a parliamentary session, […]