Morocco’s investment in renewable energy is a successful endeavor that is attracting attention. In this regard, the Kingdom has managed to meet the COP 25 objectives, unlike certain major nations, notably France.
While many Turkish companies have been able to establish their hegemony in Casablanca, Rabat, Tangier and Marrakech, some Moroccan brands are betting on exports to cope with local competition. A choice that is not visibly easy.
Morocco currently has one of the best 4G technology coverage in Africa, according to a ranking that has just been published by The Global Connectivity Index (GCI).
The European Bank for Reconstruction and Development (EBRD) has approved a loan of 45 million euros for the Noor Midelt I project (800 MW), which requires a total investment of 740 million dirhams.
The Communal Equipment Fund granted a loan of 4.26 billion dirhams (MMDH) to local authorities (CT) in 2018 to finance projects worth over 21 MMDH in investments.
The Office Chérifien des Phosphates (OCP) plans to invest $1.3 billion in the construction of a new plant and thus start its ammonia production in Nigeria in 2023.
The budget deficit stood at 39 billion dirhams (MMDH) at the end of October 2019 compared to 33.4 MMDH during the same period in 2018. The General Treasury of the Kingdom (TGR) announced this in its latest monthly bulletin of public finance statistics.
66,000 jobs were created by the Moroccan industry in the first half of this year, said the Minister of Industry, Moulay Hafid Elalamy, during a meeting organized by the Moroccan Association of Exporters (ASMEX).
The low integration of Moroccans living abroad (MREs) is a concern for the High Commission for Planning (HCP), which has proposed a new governance structured around four strategic points.
The relaunch of the Investment Fund dedicated to Moroccans living abroad is now a reality, according to the words of Nezha El Ouafi, Delegate Minister in charge of Moroccans residing abroad.
While it was 19.62 billion dirhams last year, the flow of foreign direct investment (FDI) in Morocco reached nearly 13.35 billion dirhams (MMDH) by the end of September 2019, according to the Foreign Exchange Office, a decrease of 32%.
In order to encourage investment and improve competitiveness within companies, the Moroccan Government has just adopted a new legal regime, aimed at reducing the Corporate Tax rate in stages.