Finance & Economy

FAO data indicates that in 2018, there were 36.771,48 million kilograms of peppers worldwide, with China being the world’s largest producer with 18.184,71 million kilograms. Morocco, for its part, produced 256 million kg, which gives it its 13th place. Analysis of this data also reveals that over the past decade, …

An investment agreement was signed on Tuesday in Rabat by the Minister of Industry, Trade, Green and Digital Economy, Moulay Hafid Elalamy, and the senior vice-president of TE’s Automotive activity Connectivity, Matthias Lechner. It relates to the realization of a factory of the said company in Tanger Automotive City for …

Andersen Global, an international association of independent and legally distinct member companies made up of tax and legal professionals from around the world, announced on Tuesday the signing of a collaboration contract with the firm “MA Global Consulting” in Morocco to expand its presence on the African continent. The decision …

The Business Year (TBY), an international group specializing in economic intelligence, has just opened its African office in Casablanca. The group is present in Europe, Africa, the Americas, Asia and the Middle East (more than 40 countries), and has a network of more than 2 million subscribers. Its African hub …

Morocco is still on the “gray” list of tax havens in the European Union, according to the list unveiled on Tuesday. The Kingdom is considered to be a country which “cooperates with the EU in the implementation of its commitments”. The EU list evolves with each update. Thus, the status …

The European Bank for Reconstruction and Development (EBRD) is still funding Varroc. The European institution has just granted a loan of around MAD 160 million (15 million euros) to Varroc Lighting Systems Morocco. The loan will allow Varroc to continue supplying Renault factories in Tangier, Peugeot PSA in Kenitra as …

Maroc Telecom released its consolidated financial results for fiscal 2019 on Monday. The operator thus reports “solid operational performance”, which has enabled him to achieve “growing results, above his annual objectives”, as underlined by Abdeslam Ahizoune, chairman of the board of directors of Maroc Telecom. The group says it saw …

The economic capital of Morocco, Casablanca, will host from March 26 to 29 the first edition of the Africa Sports Expo under the theme “innovation at the heart of the development of the practice of sport for all”, according to the organizers. This Fair, the largest of its kind dedicated …

The Managing Director of the International Monetary Fund (IMF), Kristina Georgieva will pay a visit to Morocco from February 17 to 20. “The visit will serve to discuss preparations for the World Bank Group (WB) and IMF Annual Meetings scheduled for October 2021 in Marrakech,” said IMF director of communications …

German intercity bus company FlixBus announced Thursday that it will launch direct bus routes between France and Morocco from next Tuesday. Thus, 9 Moroccan cities, including Marrakech, Tangier, Fez and Casablanca, will be connected to 27 French cities. FlixBus will also develop domestic networks this year in Great Britain and …