First Independent Mena Newspaper
The Moroccan government and Renault Group have signed an amendment to their existing investment agreement, marking a significant new chapter in the strategic partnership between the Kingdom and the French automotive manufacturer. Under the agreement, signed in Rabat, Renault will expand its operations to open its platforms to more hybrid and electric car production. Renault […]
Ecobank Group and Thunes have joined forces in a landmark partnership to enable instant cross-border payments across Sub-Saharan Africa, aiming to connect millions of individuals and businesses to the global financial ecosystem. Announced on 29 October 2025, the collaboration integrates Ecobank’s vast pan-African banking network with Thunes’ advanced fintech infrastructure to enhance liquidity, speed, and […]
Morocco’s phosphate giant OCP Group achieved exceptional financial performance in 2024, recording revenue of 96.99 billion dirhams and net profits surging 46% to 20.9 billion dirhams, marking the company’s second-best year in history while accelerating its green transformation initiatives. The state-owned company, which controls over 70% of global phosphate rock reserves and holds 31% market […]
Morocco recorded a dramatic 63% increase in foreign direct investment during the first quarter of 2025, signaling robust investor confidence in the kingdom’s industrial transformation and strategic positioning as a nearshoring hub for European markets. According to Investment Minister Karim Zidan, Morocco attracted over 9.15 billion dirhams ($992 million) in net FDI flows by March […]
Morocco’s fruit and vegetable exporters have condemned what they describe as a “disinformation campaign” in European media questioning the safety of Moroccan tomatoes, saying the allegations lack scientific basis and amount to unfair trade practices. The latest reports form part of a pattern of attempts to discredit Moroccan produce, particularly tomatoes, which have become a […]
Morocco’s tax expenditures have risen to 32.1 billion dirhams in 2025, reflecting persistent challenges in the government’s efforts to rationalize fiscal incentives despite a broader reform agenda aimed at improving transparency and efficiency in public spending. Tax expenditures as a percentage of GDP have declined from 2.9% in 2022 to 2.1% in 2024, primarily due […]
Delta Air Lines has launched its first nonstop service between Atlanta (ATL) and Marrakech (RAK), marking the carrier’s entry into Morocco and its first flight to North Africa in more than a decade. The inaugural flight landed at Marrakech Menara Airport on Sunday, opening three-times-weekly service that links Morocco’s “Red City” to Delta’s vast U.S. […]
Marsa Maroc, Morocco’s major port terminals operator, has joined forces with CMA Terminals, a subsidiary of the French CMA CGM Group, to operate the West Container Terminal at the Port of Nador West Med, a major strategic hub on Morocco’s Mediterranean coast. The two partners have set up a Joint Venture which will be responsible […]
Morocco has pledged to phase out coal-fired power generation by 2040, conditional on international support, or in the 2040s unconditionally, marking its first official coal exit timeline. The commitment, outlined in the country’s updated Nationally Determined Contribution (NDC), follows Morocco’s 2023 decision to join the Powering Past Coal Alliance (PPCA) and signals a major shift […]
Turkish defense manufacturer Baykar would establish a drone production facility in Benslimane, Morocco, marking a major step in the country’s ambitions to develop its military and aerospace industry, Moroccan outlet Le Desk reported. The announcement follows months of speculation and was formalized through the creation of a Moroccan subsidiary, Atlas Defense, headquartered in Rabat. The […]