First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) celebrated record contract signings with Morocco totaling approximately $1 billion in 2025, marking unprecedented collaboration between the development institution and the North African kingdom. The bank’s First Vice President Greg Guyett, who is on a visit to the Kingdom this week, attributed this positive momentum to close […]
Morocco’s government has prioritized public investment performance and its tangible impact on economic growth, job creation, and territorial equity, according to Budget Minister Fouzi Lekjaa. This orientation aligns with royal directives calling for transition from quantitative to qualitative approaches in public investment management. Speaking at the parliament question time, Lekjaa emphasized that sectoral studies demonstrate […]
The European Bank for Reconstruction and Development (EBRD) provides Morocco a €150 million loan to finance the third phase of Saïss Water Conservation Program. The package also includes a $7.5 million grant from the UK under the EBRD’s High-Impact Partnership for Climate Action (HIPCA) multi-donor fund. Recognising the project’s strategic importance for Morocco, the Bank […]
Morocco’s Interbank Monetary Center (CMI) has successfully maintained uninterrupted payment services throughout the national payment ecosystem’s comprehensive transformation into a multi-acquirer market, Director General Rachid Saihi told la Vie Eco. The transition, which began November 1, 2024, follows twenty-one years of structural innovations modernizing payment acceptance nationwide. The CMI expects to process nearly 240 million […]
After the United States and France, it’s the turn of the United Arab Emirates to Invest massively in the Moroccan Saharan city of Dakhla, particularly in renewable energies. Dahamco, a joint Moroccan-Emirati venture, has unveiled lately a $25 billion green ammonia project at the Port of Dakhla to produce multi-million tons of ammonia annually. According […]
The African Development Bank has approved a €270 million loan to Morocco to finance an ambitious program to expand and modernize the country’s airport infrastructure as it prepares for a surge in tourism and for the 2030 World Cup. The project, known as the Airport Infrastructure Extension and Modernization Program (PEMIA), aims to boost Morocco’s […]
Morocco’s foreign exchange reserves climbed to an unprecedented 431.24 billion dirhams ($47 billion) at the end of October, up 19.6% from a year earlier, according to central bank data. Bank Al-Maghrib projects the upward trend will continue into 2026, reflecting strong tourism receipts and a sharp rebound in foreign direct investment (FDI). Travel revenues rose […]
Morocco secured $1.77 billion in World Bank financing during fiscal year 2025, positioning itself as the institution’s 11th largest recipient overall and eighth largest borrower from the International Bank for Reconstruction and Development (IBRD), according to newly released Bretton Woods statistics. The World Bank’s total commitments reached $80.8 billion for the fiscal year ending June […]
French rail giant Alstom has announced an investment of over $ 10 million to boost Morocco’s multi-platform production line for train driver desks, giving a new impetus to the country’s railway industrial value chain. “Seeing this first global production line established within our AMECA region is a strong signal of the industrial momentum we are […]
Two senior officials from the European Bank for Reconstruction & Development started this Thursday a two-day working visit to Morocco for talks with government officials and business representatives. Discussions will focus on EBRD’s support for the private sector, key infrastructure investments and the transition to a green economy, said the bank in a press release. […]