Morocco’s Restaurant Industry in Crisis: 80% Face Bankruptcy Amid Pandemic
13 January 2021
The health crisis related to the coronavirus is hitting Moroccan restaurateurs hard. 80% of restaurants are at risk of bankruptcy today.
Bankruptcy
Moroccan Restaurant Industry in Crisis: Owners Seek Government Aid Amid Closures and Debt
12 January 2021
Business leaders in the restaurant sector are calling for help from the Economic Monitoring Committee (CVE) and the Moroccan Ministry of Industry to save the sector from peril. (…)
Moroccan Tourism Slumps as Curfews and Restrictions Dampen New Year’s Travel
6 January 2021
The assessment of the hotel sector in Marrakech has proven to be very disastrous in the aftermath of the New Year. If nothing is done in the shortest possible time, the (…)
Morocco’s Tourism Transport Sector Seeks Government Aid Amid COVID-19 Crisis
1 January 2021
Heavily impacted by the effects of the health crisis, tourism transport professionals are crying out in distress. During a second meeting with officials from the Ministry of (…)
Morocco’s Loan Guarantee Programs Save 80,000 Small Businesses from Bankruptcy
9 December 2020
A total of 80,000 small and medium-sized enterprises have been saved from bankruptcy thanks to Morocco’s loan guarantee programs. The announcement was made by the Minister of (…)
Moroccan Textile Industry Faces Crisis as Global Demand Plummets Amid Pandemic
24 November 2020
The health crisis due to Covid-19 has not spared the textile sector. Faced with the constant threat to the sector’s production capacities, there are fears of plant closures and (…)
Harley Davidson Exits Morocco, Shifts Focus to Key Global Markets
11 November 2020
Harley Davidson is withdrawing from the kingdom to position itself in other countries. The big concern of the moment, what will become of the maintenance and refurbishment of (…)
Moroccan Grocers Extend Credit Lifeline to Struggling Households Amid COVID Crisis
23 October 2020
The grocer-banker, that’s how we can describe the neighborhood grocer who, through the credit system, comes to the rescue of his clients, whose financial situation continues to (…)
Morocco Loses $16.6 Billion to Illicit Financial Outflows, UN Report Reveals
6 October 2020
Illicit financial outflows from Morocco reached nearly $16.6 billion, or 155 billion Moroccan dirhams, between 2013-2014. This is according to a statement from a UN report (…)
Casablanca Alcohol Retailers Protest License Revocations and Closures Amid Pandemic
25 September 2020
Following the closure of several venues and the withdrawal of alcohol licenses, professionals in the field, through the Alliance of Free Trade Unions, organized a sit-in this (…)