Emerging Markets Finance Headlines Morocco

IFC injects $37 Mln in Morocco’s BLS Logistics Company

The International Finance Corporation has announced a $37 million investment in Morocco’s logistics service provider BLS to support the company’s growth strategy and strengthen Morocco’s position as a regional logistics and trade hub. The IFC funding will help BLS finance its expansion plans, which include creating an estimated 500 new jobs by 2030 through the […]

Emerging Markets Finance Headlines Morocco

Morocco increases defense budget as it prepares for industrialization

The Moroccan government increased the budget allocated for defense to 133 billion dirhams ($13.5 bln) as it prepares to promote defense industries and upgrade equipment, as shown in the draft budget for 2025. This year, Morocco’s defense budget was at 124 billion dirhams, highlighting the country’s efforts to modernize its army with state-of-the art technologies. […]

Columns Headlines Morocco

Morocco’s mid-term cabinet reshuffle: new comers at the head of farming, education, transport, investment departments, six Secretaries of State appointed

King Mohammed VI received this Wednesday at the Royal Palace in Rabat, the members of the government following a mid-term reshuffle that witnessed the appointment of 14 new comers, including 6 secretaries of State. The newly appointed ministers will hold the portfolios of education, higher education, health, agriculture, transport, and solidarity, social integration and family. […]

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Nokia inaugurates in Morocco its first innovation center in Africa & Middle East

The Finnish multinational telecommunications and information technology corporation has inaigurated its first innovation center in Africa and the Middle East, in Salé, Rabat’s twin city. The innovation center is equipped with advanced technologies spanning over fixed, IP and optical networks from Nokia’s entire portfolio of network infrastructure. This infrastructure has been tested and developed by […]

Africa Community Europe Headlines International Morocco

Study on global dynamics of child recruitment in conflicts presented in Oslo by Dakhla-based center

A delegation from the Dakhla-based International Research Center for the Prevention of Child Soldiers (French acronym IRCPCS) presented, in Oslo on Monday, the findings of its latest report on the global dynamics that perpetuate the recruitment of children in conflict. The Center presented the results of field investigations through a major study entitled “Global Patterns […]

Emerging Markets Headlines Mauritania Morocco

Moroccan Economic Week in Nouakchott in December

As Morocco prepares for the upcoming Moroccan Economic Week in Nouakchott this December, both Morocco and Mauritania have reaffirmed their shared dedication to enhancing cooperation across various sectors, aiming to promote regional stability and security. The second edition of the Moroccan Economic and Cultural Week is scheduled to take place in Mauritania’s capital, Nouakchott, from […]

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Sahara: Ecuador Halts Recognition of Self-Proclaimed ‘SADR’, another Blow to Algeria and Polisario

The Republic of Ecuador decided Tuesday to suspend its recognition of the so-called “SADR”, dealing another hard blow to Algeria and its Polisario puppet which continue to suffer diplomatic setbacks and international isolation. Ecuador’s Foreign Minister Gabriela Sommerfeld informed Moroccan peer Nasser Bourita about her country’s sovereign decision during a telephone call. Quito’s decision comes […]

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Autonomy, the only remaining option to end Sahara conflict- UN Spokesman

The blunder by UN Envoy for the Sahara Staffan De Mistura in attempting to revive a partition option as a solution to the Sahara conflict is still spilling ink. After Morocco’s foreign minister denounced the obsolete and unfeasible option, the UN deputy spokesman Farhan Haq explained that division is no longer on the table and […]

Emerging Markets Finance Headlines Morocco

Morocco allocates 340 bln MAD to public investments in 2025

Morocco’s 2025 budget has allocated 340 billion dirhams ($34.5 bln) to public investments, up 1.5% from last year. The investments would focus on key sectors such as renewable energies, telecommunications, housing, farming, electricity, water, phosphates, roads, and transports, according to the draft budget. The 2025 assumes a 4.6% growth rate in 2025, up from 3.3% […]

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Morocco’s territorial integrity & sovereignty over its Sahara NOT negotiable

Morocco has reaffirmed that its territorial integrity and full sovereignty over its entire Saharan Territory are RED LINES and NOT NEGOTIABLE, sending a strong message to Algeria, Polisario and UN Sahara envoy Staffan de Mistura. Morocco’s unwavering stand on the Sahara was voiced Monday by foreign minister Nasser Bourita at a press briefing held in […]