Morocco

AfDB LAUNCH NEW DIGITAL PROJECT CALLED RASME IN MOROCCO

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AfDB LAUNCH NEW DIGITAL PROJECT CALLED RASME IN MOROCCO

The African Development Bank (AfDB) is ushering in a new era of digital project supervision with the launch of “RASME” in Morocco. This innovative solution, unveiled today in Rabat, leverages cutting-edge technologies to gather real-time data and enhance project monitoring processes across the continent. RASME, which stands for Remote Appraisal, Supervision, Monitoring, and Evaluation, offers a multifaceted approach. By utilizing mobile devices, aerial imagery, and satellite technology, the platform streamlines data collection, allowing project managers…

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FM6SS CONTRACT SIGNED, SET TO BOOST HEALTH TECH SECTOR IN MOROCCO

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FM6SS CONTRACT SIGNED, SET TO BOOST HEALTH TECH SECTOR IN MOROCCO

Tamwilcom and the Mohammed VI Foundation for Science and Health (FM6SS) have entered into a strategic partnership aimed at advancing innovation in the health tech sector in Morocco.  Tamwilcom and FM6SS signed a memorandum of understanding (MOU) in Casablanca to formalize their partnership. This MOU underscores their commitment to supporting startups and fostering innovation within the health tech sector. Tamwilcom, through its Innov Invest Fund (FII), will leverage its network and resources to support innovative…

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GERMANY AND MOROCCO ALIGN FOR RENEWABLE ENERGY PROJECT

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GERMANY AND MOROCCO ALIGN FOR RENEWABLE ENERGY PROJECT

Morocco and Germany have forged an “energy alliance” to support Morocco’s renewable energy initiatives, particularly in green hydrogen production. This agreement, signed during a visit by Morocco’s Foreign Affairs Minister Nasser Bourita to Berlin, aligns with Germany’s strategy to expand its reliance on hydrogen as a sustainable energy source to reduce greenhouse emissions in industrial sectors. German Development Minister Svenja Schulze highlighted Morocco’s favorable conditions for energy transition and green hydrogen production. Bourita expressed satisfaction…

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TWO SPANISH FIRMS PARTNER FOR CONSTRUCTION OF CASABLANCA DESALINATION PLANT

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TWO SPANISH FIRMS PARTNER FOR CONSTRUCTION OF CASABLANCA DESALINATION PLANT

Spain’s CaixaBank and Cofides have announced their plans to finance Acciona in the construction of a significant desalination plant in Morocco. Each institution will provide a loan of €31 million to support the project, which will be spearheaded by Acciona, a Spanish multinational specializing in infrastructure development and management. The project, which involves a total investment of €650 million, will be executed in cooperation with Morocco’s National Office of Electricity and Drinking Water under a…

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MOROCCO GETS €84M FROM AfDB FOR RURAL DEVELOPMENT PROJECTS

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MOROCCO GETS €84M FROM AfDB FOR RURAL DEVELOPMENT PROJECTS

The African Development Bank (AfDB) has approved an €84 million initiative aimed at enhancing Morocco’s environmental and economic resilience. The “Inclusive and Sustainable Development Project for Forest Areas” targets vital issues such as water management, biodiversity conservation, and the development of a rural middle class. This initiative comes as Morocco faces increased vulnerability to climate change, highlighted by severe droughts between 2021 and 2023. Aligned with the Moroccan government’s 2024 priorities—countering climate change impacts, bolstering…

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HOW MOROCCO TANGIER MED PORT RANKED FOURTH BEST IN THE WORLD

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HOW MOROCCO TANGIER MED PORT RANKED FOURTH BEST IN THE WORLD

The Port of Tangier Med has been ranked fourth in the 2023 World Container Port Performance Index (CPPI), marking its second consecutive year as the leading port in both Africa and Europe. The CPPI, compiled by the World Bank and S&P Global Market Intelligence, evaluated 405 container ports worldwide, based on data from over 182,000 vessel calls and 238.2 million container movements. East and Southeast Asian ports dominated the top 20, with Tangier Med being…

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OCP SECURED €200M FOR GREEN INITIATIVE IN MOROCCO

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OCP SECURED €200M FOR GREEN INITIATIVE IN MOROCCO

Moroccan phosphate giant OCP has secured a €200 million (MAD 2.1 billion) financing agreement from Germany’s development and investment bank, KfW, to support its green initiatives. This funding is a significant part of OCP’s $13 billion (MAD 129 billion) green investment strategy for 2023-2027, which focuses on sustainable fertilizer production, global food security, and climate change mitigation. The financing will be allocated in two main areas: Non-Conventional Water Use: €150 million (MAD 1.6 billion) will…

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ONCF ANNOUNCED PLANS FOR CASABLANCA-KENITRA RAILWAY PORJECT IN MOROCCO

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ONCF ANNOUNCED PLANS FOR CASABLANCA-KENITRA RAILWAY PORJECT IN MOROCCO

The National Railway Office (ONCF) has announced that infrastructure works along the Casablanca-Kenitra axis will result in disruptions to train services from May 12 to May 26. In a statement, ONCF assured commuters that despite the construction works, every effort would be made to minimize disruptions during peak hours. The construction work is part of a program to upgrade railway facilities and enhance service quality. Most works are scheduled for nighttime hours, with measures in…

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CAN INNOVATION OUTRUN DROUGTH IN MOROCCO ONGOING WATER MANAGEMENT CRISIS

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CAN INNOVATION OUTRUN DROUGTH IN MOROCCO ONGOING WATER MANAGEMENT CRISIS

Morocco’s water management situation is indeed complex, with various factors contributing to its current challenges. Such challenges has seen the country come up with different ways towards resolving the nation water droughts. Morocco faces a growing water scarcity crisis due to climate change, population growth, and traditional water usage patterns. The country’s water availability per capita has significantly declined over the years, indicating a state of water stress. Meanwhile, the agricultural sector consumes the majority…

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HIGH-SPEED RAIL PROJECT CONNECTING MOROCCO AND SPAIN SET TO KICK-OFF

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HIGH-SPEED RAIL PROJECT CONNECTING MOROCCO AND SPAIN SET TO KICK-OFF

Morocco to Spain high-speed rail plans through the the Strait of Gibraltar has taken significant strive as the new proposed plan is expected to connect Spain’s capital straight to Casablanca, Morocco’s financial capital. According to Spanish media, instead of linking traditional hubs, the revised plans will aim to connect the Spanish capital directly to Morocco’s economic powerhouse in Casablanca with the proposed travel time for this project set at approximately five and a half hours. …

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WHY MOROCCO WANT TO CUT ENERGY DEPENDENCE FROM SPAIN

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WHY MOROCCO WANT TO CUT ENERGY DEPENDENCE FROM SPAIN

Morocco government is making plans to cut ties with Spain over its energy dependence. This move has seen the nation unveil ambitious plans regasification plants and pipelines. According to reports, the decision was made after Algeria close the Maghreb-Europe gas pipeline in October 2021, these has made Morocco to act swiftly aimed energy shortage in the near future. Morocco initially relied on Spain’s assistance way back in 2022 to help mitigate the crisis as the…

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HOW RAINFALL IS HELPING THE MOROCCO DAM RESERVE INCREASE

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HOW RAINFALL IS HELPING THE MOROCCO DAM RESERVE INCREASE

As of March 13, reserves in dams in the Souss-Massa region of southern Morocco exceeded 101,261 million cubic meters, or 13.7% of the total storage capacity. According to a report published today on the situation of the dams by the Souss-Massa Hydraulic Basin Agency (ABHSM), the filling rate of the Youssef Ibn Tachfin dam stood at 36,567 million cubic meters, or 12.3%, while the reserves of the Aoulouz dam amounted to 10,427 million cubic meters,…

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HOW MOROCCO EMERGE AS EUROPE’S GATEWAY TO AFRICA’S ECONOMIC GROWTH

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HOW MOROCCO EMERGE AS EUROPE’S GATEWAY TO AFRICA’S ECONOMIC GROWTH

As global supply chains face ongoing disruptions, European companies are rethinking their sourcing strategies. According to Maersk, a recent whitepaper revealed that over 64% of European firms have changed how they source materials to deal with supply chain instability. Beyond shortening supply chains, companies want more flexibility and less reliance on single sources. In this context, Morocco has emerged as an alternative sourcing location for 4% of European companies. Located on the periphery of Europe,…

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HOW MOROCCO WATER SCARITY DROP TO 23% AMID DAM DROUGHT

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HOW MOROCCO WATER SCARITY DROP TO 23% AMID DAM DROUGHT

Several national dams are experiencing severe water stress, edging perilously close to an imminent drought. Amidst the ongoing water crisis plaguing the country, Moroccan dams are grappling with a continuous decline in water levels, recording a mere 23% filling rate at the end of the week across all national dams.  The low rate marks a drop from the 31% record a year earlier, according to data from the Ministry of Equipment and Water reported by…

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ADB SIGN €100MILLION DEAL TO HELP AFRICAN ECONOMIES

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ADB SIGN €100MILLION DEAL TO HELP AFRICAN ECONOMIES

The African Development Bank (ADB) and the European subsidiary of Attijariwafa – Attijariwafa Bank Europe – signed a €100 million risk-sharing agreement on Thursday, aiming to enhance the competitiveness of African economies. Risk-sharing agreements will incentivize the Attijariwafa Bank Group to issue more loans for clients that are usually considered subprime, as the ADB has agreed to step in to mitigate the financial loss caused by these customers defaulting on loan payments. The signing ceremony…

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HOW LACK OF WATER AFFECTED MOROCCO AGRICULTURAL INDUSTRY IN 2023

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HOW LACK OF WATER AFFECTED MOROCCO AGRICULTURAL INDUSTRY IN 2023

Morocco’s agriculture sector continued to suffer from water deficit at the end of 2023, with recent data indicating that the sector’s added value to the economy slowed to 5.2% year-on-year in the fourth quarter of 2023, down from 6.9% year-on-year in the first quarter. According to a report from the Higher Commission for Planning (HCP), the drop in added value of Morocco’s agriculture is mainly due to the persistent water deficit and adverse weather conditions…

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MOROCCO HIGHWAY COMPANY ADVISE CITIZEN TO AVIOD FEZ-OUJDA HIGHWAY AFTER WEATHER ALERTS

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MOROCCO HIGHWAY COMPANY ADVISE CITIZEN TO AVIOD FEZ-OUJDA HIGHWAY AFTER WEATHER ALERTS

Morocco’s Highway Company has called on citizens to exercise vigilance, urging users of the Fez-Oujda highway to avoid traveling and take necessary precautions should they do so. The decision came amid a series of weather alerts, forecasting strong wind and dust storms in several regions, including Taourirt. The company called on citizens to contact the phone number 5050 for more information on traffic conditions as well as to check its road traffic application. On Sunday,…

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WIND ENERGY: HOW MOROCCO IS AT THE FOREFRONT FOR ITS REVOLUTION

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WIND ENERGY: HOW MOROCCO IS AT THE FOREFRONT FOR ITS REVOLUTION

Across Africa, the deployment of wind energy projects has generated approximately 12,400 direct jobs, both during and after construction Wind energy is emerging as a powerful force in Africa, with Morocco at the forefront of the renewable energy revolution.  Alongside South Africa and Egypt, Morocco is leading the continent’s charge into wind energy, paving the way for a green energy transition that is creating jobs and reducing carbon footprints, according to a new report from…

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MOROCCO GOVT. PLEDGE RECONSTRUCTION PROGRAM AIMED EARTHQUAKE AFTERMATH

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MOROCCO GOVT. PLEDGE RECONSTRUCTION PROGRAM AIMED EARTHQUAKE AFTERMATH

In the emotionally charged wake of the horrendous earthquake that hit central Morocco this past Friday, a ministerial committee held a meeting today in Rabat to address the urgent need for reconstructing damaged homes in the affected regions.  Chaired by Prime Minister Aziz Akhannouch, the committee worked on formulating a comprehensive plan to reconstruct demolished homes and provide compensation for individuals who lost their homes.  The exact details of the plan will be released in…

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MOROCCO LAUNCHED US$52M VEGETABLE OIL PLANT

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MOROCCO LAUNCHED US$52M VEGETABLE OIL PLANT

Morocco has launched a one-of-a-kind vegetable oil production plant in theindustrial park of El Marsa in the province of Laâyoune, the southern region of the country. At a total investment of 190 million dirhams (US$52 million), the plant was inaugurated by El Moussaoui, the project’s investor on August 20, on the sidelines of the celebrations of the 70th anniversary of the Revolution of the King and the people. Built on an area of 19,000 m2,…

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