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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
Russian nuclear energy giant Rosatom, and Moroccan company Water & Energy Solutions, joined forces to address the pressing issue of water scarcity.
The agreement was formalized during the second Africa-Russia Economic Summit, which took place in Saint Petersburg on July 27-28.
The accord, in the form of a memorandum of … Read More
Located in Morocco’s Southern provinces, the Boujdour wind farm is officially operational, according to a statement from the National Office of Electricity and Drinking Water (ONEE).
With the opening of the Boujdour wind farm, Morocco’s southern provinces are now home to 8 wind energy projects, with 17 on the national … Read More
A delegation of British investors are setting their sights on Dakhla’s abundant renewable energy potential as they embark on a two-day visit to the southern Moroccan region of Dakhla-Oued Eddahab to explore investment opportunities.
Led by Brannan Tempest, the CEO of Oblin Group, which specializes in the engineering and construction … Read More
Moroccan fertilizer giant OCP has renewed its determination to continue boosting Morocco’s sustainable development through the signing of a new memorandum of understanding as well as a concession contract with the country’s government in a bid to help improve its water management efforts.
Morocco’s government and the OCP group signed … Read More
The Dutch Prime Minister Mark Rutte is set to visit Morocco on June 21 to explore avenues of cooperation on green hydrogen and reinforce economic cooperation between the two countries.
The Head of the Moroccan government Aziz Akhannouch will receive Rutte in Rabat upon his arrival, indicated the Dutch government … Read More
Morocco and Israel signed on Monday three agreements to boost bilateral cooperation in the sector of transportation, including maritime transport.
The accords cover different aspects of the transport sector, including maritime transport, reciprocal recognition of driving licenses, as well as road safety.
Moroccan Minister of Transport Mohamed Abdeljalil signed the … Read More
Morocco’s National Investment Commission on Wednesday announced it approved 17 projects with a combined budget of MAD 76.7 billion ($7.6 billion).
In a meeting chaired by Head of Government Aziz Akhannouch, the investment commission also approved four amendments to existing agreements.
According to a statement, the projects hold “immense economic … Read More
British energy firm Sound Energy announced that its micro-liquefied natural gas (LNG) project at the Tendrara production concession in Morocco will generate its first revenues in early 2024, marking a major milestone for the company.
The London-listed company issued a press release unveiling its audited final results for 2022, emphasizing … Read More
Morocco continues to attract international actors in the automotive industry, with South Korean manufacturer SJM Flex opening a new industrial plant in Tanger Automotive City on Thursday.
Officials from SJM and the Tanger Med Group attended the inauguration of the plant, which covers an area of 4,800 square meters.
The … Read More
Morocco has been facing its worst drought in over three decades, but still, the country continues to overproduce and export water-demanding crops.
Ahead of the summer months, when even less rainfall is expected, the coming dry season may lead to an increase in water stress in the country. And, Morocco … Read More
Spain and Morocco have committed to stepping up efforts to relaunch the tunnel that seeks to link the two countries under the Strait of Gibraltar.
“After fourteen years, from Tangier in October 2009, we are going to give impetus to the studies of a project of maximum geostrategic importance for … Read More
Morocco’s real estate market is slowing down amid the ongoing financial shocks and plummeting demand.
At the end of the fourth quarter of 2022, Morocco’s real estate index dropped by 0.7% compared to the previous quarter, according to a new report from Morocco’s central bank, Bank Al-Maghrib (BAM).
… Read More