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What leaving FATF grey list means for Morocco

Morocco has taken measures to improve financial transparency and protect its economy against money laundering and terrorism financing, earning a well-deserved exit of the grey list of the Global financial crime watchdog Financial Action Task Force. The Moroccan government welcomed the FATF decision which will “positively impact the sovereign and local bank ratings in addition […]

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Equality drive: African female entrepreneurs want equal opportunities within AfCFTA

While Africa claims top three spots in Mastercard Index for highest concentration of women business owners in the world, a great majority of females on the continent are still struggling with gender biases in their every-day lives. Women leaders from across Africa attending a recent first International Conference on Women’s Transformational Leadership, in Juba, South […]

Business Emerging Markets Headlines Morocco

Abundant rainfall augurs well for 2023 crop year

The recent rainfall across Morocco has dissipated fears of another dry year auguring well for the crop year and filling dams. Farmers in different regions in Morocco bore the brunt of consecutive years of drought that slashed crops, emptied dams and depleted ground water. With the latest rainfall, the average dam filling rate returned to […]

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Africa must combat illicit trade in natural resources — reports

To protect its abundant natural resources, African countries need to make concerted efforts to combat illicit resource trade, according to reports from the African Development Bank (AfDB) and United Nations Environment Program (UNEP). Africa boasts a significant amount of the world’s natural resources, both renewable and non-renewable, including arable land, oil, natural gas, minerals and […]

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Morocco to share its experiences with Palestine in social protection & training

Morocco has agreed to share its experiences with Palestine in social services provided to vulnerable people to ensure inclusive development and social peace. An agreement was inked Monday in Rabat by Moroccan minister of Solidarity, Social Integration & Family, Mrs. Awatif Hayar and Palestinian minister of Social Development Ahmed Majdalani. Under the deal, Morocco pledges […]

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Gabon takes leadership of ECCAS

Gabon’s President Ali Bongo Ondimba took on Saturday the leadership of the Economic Community of Central African States (ECCAS), a regional organization promoting regional economic cooperation in Central Africa. The ECCAS held its 22nd summit in Kinshasa, the capital of the Democratic Republic of Congo (DRC). Bongo takes over from DRC leader Felix Tshisekedi Tshilombo […]

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Removal from Gray List, a scathing disavowal of Morocco’s detractors within European Parliament

The decision, taken Friday in Paris, by the Financial Action Task Force (FATF) to remove Morocco from the gray list, confirms the regional and continental leadership of the Kingdom in terms of sound financial governance and stands as a scathing disavowal of the Kingdom’s detractors within the European Parliament. The FATF’s members decided, unanimously, to […]

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Bloom Consulting: Morocco 4th most attractive African country for trade

Morocco is the fourth most attractive African country and 50th worldwide for trade, according to a ranking published by Spanish consulting firm Bloom Consulting. The Spanish consulting firm, specializing in Nation Branding, has published its report “Country Brand Ranking Trade – Edition 2022-2023”. In this ranking, the kingdom is in fourth place in Africa, behind […]

Business Features Finance Headlines Morocco

Morocco officially exits Financial Action Task Force gray list

The Financial Action Task Force (FATF) has decided, unanimously by its members, to remove Morocco from the gray list, during the FATF General Assembly, held in Paris on February 20-24, 2023, the Department of the Head of Government announced Friday. “The Financial Action Task Force (FATF) decided, unanimously by its members, to remove the Kingdom […]

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Morocco eyes military gains from restored ties with Israel

Israeli air force commander General Tomer Bar is paying his first official visit to Morocco since the two countries restored ties in 2020, followed by similar visits of top army commanders auguring well for defense cooperation as Rabat seeks state-of-art military technology and investments. The visit features talks with his Moroccan peer General El Abd […]