Africa Business Emerging Markets Headlines International Morocco

Morocco, “big newcomer” in list of Africa’s fastly growing firms- Financial Times

The Financial Times described Morocco as the “big newcomer” in the list of Africa’s 125 rapidly growing companies, with 12 firms, compared to just three previously. Morocco’s Chari.com, an e-commerce company, was ranked the sixth fastly growing African company at 244%, with a total revenue of $6.4 million in 2022. Marchiche Global Solutions came 22nd […]

Africa Headlines International Morocco

Morocco named best African golf tourism destination

The International Association of Golf Tour Operators (IAGTO) has given Morocco the award of “Africa’s Best Golf Tourism Destination of the Year” at an event in Malaga celebrating the country’s diversified golf resorts and courses scattered across the country. The distinction was awarded following a vote by 660 golf operators who took into account the […]

Emerging Markets Energy Headlines Morocco

Morocco targets additional 6.5GW renewable energy capacity by 2027

Morocco is planning to boost its renewable energy capacity to 11GW by adding 6.5GW over the next four years, energy minister Leila Benali said. The country has a total capacity of 11GW and plans to almost double that to 20GW as it also invests in gas and green hydrogen, the minister said in Rabat, cited […]

Columns Features Headlines Morocco

33rd Summit of League of Arab States: King Reaffirms Firm Determination to Keep Palestinian Cause at Core of Efforts to Achieve Just, Lasting Peace in Middle East

King Mohammed VI, of Morocco, reaffirmed on Thursday His firm support for the brotherly Palestinian people to regain their legitimate rights and establish their independent, sovereign state, as well as His firm determination to make sure the Palestinian issue remains at the core of efforts to establish a just and lasting peace in the Middle […]

Emerging Markets Europe Finance Headlines International Morocco

EBRD expects Morocco’s growth to reach 3 % in 2024 and 3.6 % in 2025

The European Bank for Reconstruction and Development (EBRD) expects Morocco’s economic growth to reach 3 per cent in 2024, before rising to 3.6 per cent in 2025, supported by a recovery in external demand and government investment. Following a slowdown in 2022, the country GDP growth picked up to 3.2 % in 2023, driven by […]

Asia Business Emerging Markets Headlines International Morocco

China’s Hailiang, Shinzoom to join Morocco’s EV battery ecosystem

China’s copper foil producer Hailiang and anode maker Shinzoom signed a deal with Tanger Tech to build two plants for a total investment close to $1 billion, adding to a list of Chinese electric battery investors in the Kingdom. Hailiang signed a deal with Tanger Tech to build a copper factory for a total cost […]

Asia Headlines International Morocco

Developments of situation in Palestine discussed in Manama by Moroccan and Palestinian Foreign Ministers

Developments on the Palestinian scene were at the focus of a meeting in Manama Tuesday between Moroccan and Palestinian Foreign Ministers, Nasser Bourita and Mohamad Mustafa, who is also Palestine’s Prime Minister. During the meeting that reviewed means of promoting relations between the two brotherly countries, Bourita reiterated Morocco’s constant position, under the leadership of […]

Europe International Morocco

Morocco-Serbia: Royal Atlantic Initiative Highlighted in Belgrade

The Royal Initiative for the Atlantic was highlighted at a conference at Belgrade’s Faculty of Diplomacy and Security, on the theme “Priorities and ambitions of Moroccan diplomacy – Case study: the Royal Initiative for Atlantic Morocco”. During this meeting, Morocco’s ambassador to Serbia, Mohamed Belhaj, stressed that the Royal Atlantic Initiative was of great strategic […]

Columns Headlines Morocco

Moroccan King orders upgrade of military training programs

King Mohammed VI, the supreme commander, and chief of the general staff of the Royal Armed Forces, gave an Order of the Day address to the officers of the Royal Armed Forces lauding their professionalism in defending Morocco’s stability and their efficient earthquake response and called for an assessment of training programs, while focusing on […]

Business Emerging Markets Europe Headlines International Morocco

Fitch Solutions expects nearly 17 Mln tourist arrivals in Morocco in 2024

Morocco’s tourist arrivals are expected to reach 16.8 million in 2024 against the 14.5 million recorded in 2023, says Fitch Solutions Company in its latest business monitoring report. The strong growth will be driven by increasing arrivals from key source markets such as France, Spain and Belgium. France is expected to be Morocco’s largest arrivals […]