Finance & Economy

The Moroccan economy is expected to grow by 3.2% in 2022, according to World Bank forecasts released on Tuesday. In an update to its “World Economic Outlook”, the international financial institution says Morocco’s economic growth rate will reach 3.2 percent this year due to the slowdown in agricultural production. For …

The Association of Automotive Importers in Morocco (AIVAM) unveiled the figures on the automotive market on Thursday. In 2021, sales of new cars in Morocco amounted to 175,360 units, up 5.7% compared to 2019, announced Adil Bennani, president of AIVAM. By segment, the number of new registrations of passenger cars …

The Belt and Road joint implementation plan between the Kingdom of Morocco and the People’s Republic of China is on track. A convention to this effect was signed on Wednesday during a ceremony organized by videoconference, by the Minister of Foreign Affairs, African Cooperation and Moroccans living abroad, Nasser Bourita, …

Morocco’s ability to fight effectively against money laundering, terrorist financing and proliferation, an action that requires a coherent approach on a global scale, was considered insufficient and therefore put on the backburner (gray list) by the Financial Action Task Force (FATF). In any case, this is what the final declaration …

For the next 30 years, Morocco wants to bank on the green economy to make its economy more competitive. A roadmap has been presented to the United Nations in this direction. Thus, Morocco will devote a share of renewable energies of 70% by 2040 and 80% by 2050 in the …

Moroccan automotive exports reached MAD 75.08 billion ($8 billion) at the end of November 2021, according to the trade indicator report from the country’s Exchange Office. By the end of last month, automotive exports grew by 12.8% compared to the same period in 2020. The office attributed the increase in …

The leaders of the National Corn Growers Association (NCGA) recently sent a letter to Mosaic, one of the largest producers of fertilizers in the United States, denouncing its exorbitant tariffs. They accuse the company of erecting an “insurmountable tariff barrier” to keep its main competitors out of the US market …

Since Saturday January 1, the Moroccan high-speed train, Al Boraq, is gradually switching to green energy. The idea is to replace the electricity consumption of the national rail network with clean energy. According to an ONCF press release, the green transformation will be gradual. The Office hopes with this new …

The British company Xlinks, which carries the subsea electrical interconnection project between southern Morocco and the United Kingdom, is underway. It has issued a call for tenders for geophysical and marine geotechnical studies. Xlinks wants to award a contract for investigative surveys of geophysical, geotechnical and marine environmental routes along …

In the race to achieve their climate goals, African countries are increasingly in need of financing. Most of them are forced to resort to loans to access the funds needed to adapt to climate change or to mitigate emissions. The European Bank for Reconstruction and Development (EBRD), the Green Climate …