Moroccan Tax Authorities Probe Suspicious Foreign Bankruptcies and Money Transfers
26 May 2025
The Exchange Office intensifies its controls after detecting accounting anomalies in several investment projects of Moroccan companies abroad.
Bankruptcy
Morocco Extends Tax Amnesty Deadline for Inactive Businesses
11 October 2024
The Directorate General of Taxes (DGI) has announced the extension until the end of December of the deadline initially set for inactive companies to regularize their tax situation.
Morocco’s Cafe and Restaurant Industry Faces Crisis as Closures Mount
6 April 2024
Faced with the closure of many cafes and restaurants, professionals in the sector are sounding the alarm. They have contacted Younes Sekkouri, Minister of Economic Inclusion, (…)
Jumia Food Exits Morocco as Food Delivery Service Shuts Down Across Markets
14 December 2023
Moroccans who were used to ordering through Jumia Food will now have to turn to a competitor. The company has just announced the end of its service in Morocco.
Spanish Chemical Firm Exits Morocco Amid Tough Market Competition
13 December 2023
After a presence of nearly a decade in Morocco, Synthesia Technology, a key player in the chemical, polyester and polyurethane systems for insulation sectors, is drawing a line (…)
Starbucks and H&M to Exit Morocco Amid Profitability Concerns
1 December 2023
Due to lack of profitability, the Starbucks and H&M chains will be leaving Morocco in the coming days. This has been decided by the Moroccan subsidiary of the Kuwaiti Al (…)
Moroccan Firm Eyes Takeover of Bankrupt French Steel Foundry, Potentially Saving Jobs
7 September 2022
A Moroccan company could buy Les Fonderies du Nord, a French company based in Hazebrouck (North of France), specialized in the manufacture of raw steel parts for the pump (…)
Morocco’s Travel Industry Rebounds as Bookings Surge Post-Pandemic
9 August 2022
After two years of disruption due to the Covid-19 crisis, Moroccan travel agencies are smiling again, as travel bookings are exploding.
Morocco’s Tourism Sector Struggles to Recover Amid Ongoing Restrictions
28 October 2021
Strategic for the Moroccan economy, the tourism sector is still at a standstill. Operators who are suffering greatly, fearing a compromised recovery, are demanding special (…)
Spanish Renewable Energy Firm Prodiel Exits Moroccan Market
26 May 2021
The Spanish group Prodiel, specialized in electrical installations and the integration of photovoltaic and wind power solutions, has decided to leave Morocco. It has just (…)