Morocco
Morocco's Fès-Meknès Region Secures $100 Million in Industrial Investments
Four economic partnership agreements were signed in Fès under the aegis of the Minister of Industry, Trade and Green and Digital Economy, Moulay Hafid Elalamy.
Topic
Development
Morocco
Morocco's King Receives New National Development Plan in Fez Ceremony
It is finally available. The general report of the Special Commission on the Development Model (CSMD) was presented on Tuesday to King Mohammed VI. It was during a solemn ceremony, at the royal palace in Fez, in the presence of Chakib Benmoussa, president of this Commission, who unveiled the main recommendations of the document.
Morocco
Morocco's Local Authorities Face 16% Revenue Decline Amid Tax Shortfalls
In 2020, the revenue of local authorities fell during the first 11 months of the year, leading to a reduction in the spending of municipalities, regions and prefectural and provincial councils. This cash flow tension is the direct consequence of a 12.8% decrease in direct taxes and a 12.7% decrease in indirect taxes.
Morocco
Morocco's King to Receive New Development Model Report Amid Pandemic Challenges
Morocco is in search of a new development model. It is Chakib Benmoussa, the president of the Special Commission responsible for developing the report on this document, who will present it to King Mohammed VI on Friday, May 21 in Fez.
Morocco
US-Funded Digital Platform to Boost Investment in Morocco's Laâyoune Region
The "Laâyouneconnect" platform, financed by the government of the United States of America, will be launched very soon with the aim of boosting investment and territorial marketing in the Laâyoune-Sakia El Hamra region by seizing the opportunities offered in particular by Dakhla.
Morocco
Fez to Launch $5.5 Million Technopark, Boosting Morocco's Startup Ecosystem
A Technopark worth 55 MDH will be built in the city of Fez. The creation of this program focused on about ten startup and innovative business projects aims to strengthen the economic attractiveness of the Fez-Meknes region.
Morocco
Morocco Reaches Milestone: 12% of Population Fully Vaccinated Against COVID-19
Morocco has taken giant steps in the race to immunize its population against Covid-19. In the kingdom, 6 million people have already received at least one dose of the Covid-19 vaccine. Significant figures in the current context marked by frequent shortages of vaccine doses.
Morocco
Morocco Celebrates First International Argan Tree Day, Highlighting Economic Impact
It was the city of Agadir that hosted on May 10 the celebration of the very first International Argan Tree Day initiated by Morocco and the UN. An opportunity to learn more about this sector that employs 25,500 people in Morocco and weighs 1.2 billion dirhams in turnover.
Morocco
Morocco's Weekly Rural Markets: CESE Urges Reform of Vital Economic Hubs
The Economic, Social and Environmental Council (CESE) has looked into the functioning and life of the weekly souks. These markets are vital spaces that contribute to the development of the communes of the Kingdom, even if they suffer from an uncountable number of ills related to their management and infrastructure.
Morocco
Morocco's Cannabis Legalization Set to Boost Economy and Medical Industry
The implementation of law 13-21 relating to the legalization of medical cannabis will generate an increase in revenue of around 40% compared to current contributions, in addition to the benefits in the health, environmental and economic fields. This is the result of the feasibility studies on the legalization of the cultivation of this plant.
Morocco
Morocco's Unemployment Rate Climbs to 12.5% in Q1 2021, Rural Areas Hit Hard
The unemployment rate in Morocco rose by two points in the first quarter of 2021 compared to the same period last year, from 10.5% to 12.5%, according to the High Commission for Planning (HCP) in an information note on the labor market situation in Q1-2021.
Morocco
AfDB Grants $1 Million to Boost Morocco's Business Climate and Economic Recovery
The African Development Bank (AfDB) intends to support the improvement of the business climate in Morocco, which is striving to "succeed in a high-road crisis exit". In this sense, a grant agreement of nearly one million US dollars was signed on Monday, May 3, between the AfDB and the Moroccan Ministry of Economy, Finance and Administration Reform.