Morocco Raises €1 Billion in Euro-Bond Issue Amid Pandemic Uncertainty
25 September 2020
Morocco launched, on Thursday, a one billion euro euro-bond in two tranches of 500 million euros each.
Economy
Chicken Prices Soar in Morocco as Supply and Demand Shift
23 September 2020
For a few weeks now, Moroccans have been complaining about the constant rise in the price of chicken. To eat chicken, one would currently have to spend between 16 and 18 (…)
Morocco’s Central Bank Urges Mobile Banking Push to Reduce Cash Dependency
23 September 2020
The activation of mobile banking, as an essential instrument for financial inclusion and the fight against cash, is an imperative, according to the Wali of Bank Al-Maghrib (…)
Marrakech Tourism Industry Unveils ’3R’ Strategy to Revive Travel Post-Pandemic
23 September 2020
In anticipation of the imminent reopening of Moroccan airspace, tourism professionals in the Marrakech-Safi region are busy. The arrangements revolve around the "3R" operation.
Moroccan Cities See Sharp Rise in Food Prices, Consumer Costs Climb 1.4% in August
23 September 2020
Prices have risen in most Moroccan cities during the month of August, according to the HCP information note, which also shows declines for some products.
Morocco’s Economy to Shrink 6.3% in 2020, Rebound Expected in 2021
23 September 2020
The Moroccan economy is expected to contract by 6.3% before rebounding by 4.7% in 2021. This is the scenario envisaged by Bank Al-Maghrib.
Marrakech Hotels Reopen, Aiming to Revive Winter Tourism Despite Border Closures
23 September 2020
In Marrakech, hoteliers want to save the winter season at all costs despite the closure of borders. Already about fifty establishments have reopened their doors.
Moroccan Consumers Call for Boycott as Chicken Prices Double
23 September 2020
The increase in the price per kilogram of chicken is not to the liking of Moroccans who have launched calls for a boycott on social networks.
Morocco to Introduce Single Professional Tax for Small Businesses in 2021
23 September 2020
The Moroccan government has put back on the table the single tax for flat-rate payers. A Single Professional Contribution (CPU) will thus be set up in 2021.
Morocco’s Tourism Revenue Plummets 44% Amid COVID-19 Crisis
23 September 2020
18.3 billion dirhams (MMDH). This is the amount published by the Directorate of Studies and Financial Forecasts (DEPF) and relating to the losses of the tourism sector due to (…)