First Independent Mena Newspaper
Morocco’s national water and electricity utility, ONEE, has approved a 2026-2030 equipment plan worth 177 billion dirhams for electricity and 42.1 billion dirhams for drinking water, with 72 percent of the total to be financed directly by the private sector, the utility’s board decided at a session in Rabat. The electricity component centers on accelerating […]
Morocco’s external accounts showed strong momentum in the first half of 2026, driven by a recovering tourism sector, steady support from its diaspora and an unprecedented surge of foreign investor interest, according to Foreign Exchange Office data relayed by several media, which described the results as a particularly welcome signal of resilience against a backdrop […]
Morocco was among the world’s leading countries for attracting private investment backed by public development finance between 2021 and 2024, according to a new report by the Organization for Economic Cooperation and Development, ranking joint 10th globally and third in Africa. The kingdom attracted an average of $1.5 billion a year over the period, equal […]
Morocco’s trade deficit widened to 198.38 billion dirhams by the end of June 2026, up 23.5 percent from the same period last year, according to figures from the Foreign Exchange Office, as import growth continued to outpace export growth despite a resilient performance from the kingdom’s industrial exporters. Goods imports rose 15.3 percent to 458.77 […]
Mauritania’s economy recorded steady growth and improved macroeconomic stability in 2025, according to the Central Bank of Mauritania’s annual report published over the week-end. The report said real Gross Domestic Product (GDP) expanded by 4% in 2025, following a 6.3% growth rate in 2024, despite global economic uncertainties and geopolitical tensions. Inflation remained under control, […]
The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s water security with a €250 million loan to Office National de l’Electricité et de l’Eau Potable (ONEE). The financing will support Morocco investment program seeking to improve the efficiency, resilience and sustainability of water production infrastructure. Investments will focus on reducing water losses, rehabilitating […]
Morocco has opened talks with the US Export-Import Bank and the World Bank to help finance the Africa-Atlantic Gas Pipeline, a 6,800-kilometer project estimated to cost $26 billion, Bloomberg reported. The pipeline, which would run from Nigeria to Morocco, cleared a key political milestone on July 19 when ECOWAS heads of state formally backed the […]
Morocco’s financial sector expanded significantly last year, with total assets across its three main components — the banking sector, the insurance and social welfare sector, and capital markets — reaching 3,830 billion dirhams in 2025, an annual increase of 11.2 percent, according to the 13th annual report on financial stability jointly published by the central […]
The African Development Bank Group has approved a €100 million loan to Gotion Power Morocco for the establishment of an integrated cathode-to-cell lithium iron phosphate (LFP) battery gigafactory in the Rabat-Salé-Kénitra Free Trade Zone. The Bank also plans to mobilize up to an additional €141 million from financial partners to support the implementation of this […]
Morocco’s economy is growing at its fastest pace in over ten years, buoyed by a surge in infrastructure investment and an agricultural rebound, said the World Bank in latest report released Thursday. The “Morocco Economic Update summer 2026” report said the country’s macroeconomic foundations are solid, stressing that the country’s next great leap in productivity […]