First Independent Mena Newspaper
Morocco’s economic geography reveals a tale of two countries: thriving coastal hubs generating most national wealth while interior regions struggle with decline, according to new regional accounts from the High Commission for Planning. Casablanca-Settat remains the undisputed economic powerhouse, contributing 31.4 percent of national GDP and over a quarter of household consumption. Yet this dominance […]
Torrential rain in different Moroccan regions last week boosted water reservoirs reaching an average of 30.7%, compared with 23% few days ago. While the recent rain is a boon for a drought-hit farming sector, it reached a surplus in some northern dams and mitigated water shortage in other areas. The region of Souss, a key […]
Local farmers in the Souss region are financially contributing to the building of the world’s biggest water desalination plant whose water will help irrigate the plains of Chtouka. The farmers are contributing €1000 (10,000 dh) per each hectare in an unprecedented success story of the public-private partnership in Morocco, local media reported. The contributions will […]
The World Bank has extended Morocco a $160 million loan designed to support reforms in Morocco’s business environment to spur competitiveness and boost growth and job creation in an increasingly competitive global economy. The First Economic Competitiveness Development Policy Loan approved this week by the World Bank will improve transparency and accountability in investment procedures […]