First Independent Mena Newspaper
Morocco loses between 5 to 7% of its GDP due to corruption, head of the government Saad Eddine El Othmani said urging action to fight this calamity. Speaking at a recent meeting with his party members, El Othmani stressed the need for achieving the goals of Morocco’s anti-corruption strategy in two years. “There should be […]
Morocco’s unemployment rate eased to 9.1% by June 2018, compared to 9.3 the same period last year, Morocco’s High Planning Commission (HCP) said. Between June 2017 and June 2018, the Moroccan economy created 117,000 jobs, 74,000 of them in cities and 42,000 in rural areas, while a year earlier it only created 74.000 jobs, HCP […]
Moroccan OCP Group, the world’s largest exporter of phosphates, has signed a cooperation agreement with German Fraunhofer Institute for Microstructure of Materials and Systems in Halle (Saale), to develop solutions for a sustainable fertilizer. The two sides pledge to work together to boost the use of renewable raw materials in the fertilizer industry. They will […]
The International Finance Corporation, a member of the World Bank Group, has teamed with Gaia Energy, a Moroccan renewable energy developer, to set up a joint platform for the development of wind power and other renewable energy projects in Africa. Gaia Energy is active in 10 countries across Africa. The new joint platform will start […]
The abundance of sun and wind is increasingly attracting foreign firms to invest in Morocco’s south, the Sahara, as the government set the target of generating 50% of its energy mix out of renewable sources. The recent announcement by Soluna, a New York-based computing company backed by Brookstone Partners, to build a wind-powered center in […]
EU Commission chief Jean-Claude Juncker promised to release €55 million from the emergency fund to help Morocco and Spain tackle the rise of illegal migration in the Western Mediterranean. The news came after reports cited that Morocco requested help to address the illegal migration challenge in its north as an increasing number of migrants are […]
The Government is getting mobilized to implement the social and economic roadmap outlined by King Mohammed VI in the Throne Day speech he delivered on Sunday (July 29) and wherein he urged the Government and all the stakeholders concerned to undertake an in-depth, thorough restructuring of national social welfare programs and policies. In this connection, […]
King Mohammed VI has sacked Minister of Economy and Finance Mohammed Boussaid. In accordance with the provisions of Article 47 of the Constitution, King Mohammed VI, after consulting the Head of Government, has decided to dismiss Mr. Mohammed Boussaid, as Minister of Economy and Finance, a statement from the Royal Office said Wednesday. The royal […]
Soluna Technologies, Ltd. has unveiled plans to build its own wind farm power plant in Southern Morocco in one of the world’s windiest regions and combine it with the company’s private computing facilities to help power the blockchain in a more eco-friendly and sustainable way. The New York-based computing company, backed by Brookstone Partners, will […]
A survey shows that 75% of West Africa’s MPs support Morocco’s membership in the Economic Community of West African States. The survey conducted by French institutes, Opinions et Région and IPSE, shows that the majority of MPs considered Morocco’s membership as a factor that will strengthen the ECOWAs while the remaining 25% considered the move […]