Finance & Economy

Morocco is considered a “pioneer” country in the field of alternative energies in North Africa, writes the German daily “Taz” in its weekend edition. With the outbreak of war in Ukraine, the German government, like other European countries, including France and Italy, embarked on the search for new energy partnerships …

Israeli-Moroccan relations are going well and the Economic and Trade Cooperation Agreement between the Government of the Kingdom of Morocco and the Government of the State of Israel seems to be bearing fruit. Indeed, after the re-establishment of diplomatic relations, trade between Israel and Morocco reached 117.11 million euros in …

In 2021, Spain imported a total of 178.16 million kilos of tomatoes with an increase of 7.59% compared to the previous year. Among Spain’s supplier countries, Morocco sold its Iberian neighbor 80.79 million kilos, or 45.34% of the total, for a total value of 832 million dirhams. The country that …

Morocco and the World Bank (WB) signed, Monday in Rabat, a financing agreement of 500 million dollars, representing the first tranche of the loan dedicated to strengthening human capital for a resilient Morocco. Signed by the Minister Delegate to the Minister of Economy and Finance, in charge of the Budget, …

The American company Collins Aerospace, which specializes in the manufacture of aeronautical equipment, will develop its supply ecosystem in Morocco. Thus, a memorandum of understanding has been signed for this purpose between the management and the ministry in charge of industry. Concluded on the sidelines of the Farnborough Air Show, …

According to the new World Bank report on monitoring the economic situation in Morocco, the economy will slow down sharply in 2022, with an expected growth rate of 1.3% in 2022 against 7.9% in 2021. After a sustained recovery in 2021, the Moroccan economy has suffered this year from the …

The Federal Executive Council (FEC) under the Nigerian Presidency has authorized the Nigerian National Petroleum Corporation (NNPC) to enter into an agreement with ECOWAS for the construction of the Nigeria-Morocco gas pipeline. Minister of State for Petroleum Resources, Timipre Sylva, informed State House officials of the decision after the FEC …

Economic growth is expected to stand at 1.8% in 2022 and 3.3% in 2023, despite the recovery in exports and a partial return of tourists, forecasts the African Development Bank (AfDB). “This development, below its average for 2015-19, is explained by the rise in commodity prices and the delay in …

Smurfit Kappa, one of the world’s leading paper packaging players, has announced plans to build its very first factory in Africa, in Morocco, to invest 35 million euros, its first investment in Africa. Located in the region of Rabat, Morocco, the 25,000 m² corrugated cardboard manufacturing plant will provide innovative …

The American rating agency Fitch Ratings has maintained its default rating for Morocco’s long-term foreign currency issuers at “BB+” with a stable outlook. It anticipates an increase in debt and budget deficit in 2022, due to the gloomy economic climate and rising commodity prices. In a statement, the rating agency …