First Independent Mena Newspaper
Morocco’s Interbank Monetary Center (CMI) has successfully maintained uninterrupted payment services throughout the national payment ecosystem’s comprehensive transformation into a multi-acquirer market, Director General Rachid Saihi told la Vie Eco. The transition, which began November 1, 2024, follows twenty-one years of structural innovations modernizing payment acceptance nationwide. The CMI expects to process nearly 240 million […]
The African Development Bank has approved a €270 million loan to Morocco to finance an ambitious program to expand and modernize the country’s airport infrastructure as it prepares for a surge in tourism and for the 2030 World Cup. The project, known as the Airport Infrastructure Extension and Modernization Program (PEMIA), aims to boost Morocco’s […]
North Africa’s tourism sector is experiencing remarkable growth, with Morocco, Egypt, and Tunisia collectively welcoming 42.2 million visitors through October 2025. Morocco has cemented its position as the continent’s leading destination, now surpassing Egypt by one million arrivals while posting impressive double-digit growth rates. Morocco recorded 16.6 million tourist arrivals by late October, marking 14 […]
Morocco’s foreign exchange reserves climbed to an unprecedented 431.24 billion dirhams ($47 billion) at the end of October, up 19.6% from a year earlier, according to central bank data. Bank Al-Maghrib projects the upward trend will continue into 2026, reflecting strong tourism receipts and a sharp rebound in foreign direct investment (FDI). Travel revenues rose […]
Global commerce is poised to reach a historic milestone in 2025, with trade volumes expected to hit $35 trillion according to the United Nations Conference on Trade and Development (UNCTAD). Africa’s export growth ranks second only to East Asia, positioning Morocco as one of few African nations capable of fully capitalizing on this expansion. The […]
Morocco secured $1.77 billion in World Bank financing during fiscal year 2025, positioning itself as the institution’s 11th largest recipient overall and eighth largest borrower from the International Bank for Reconstruction and Development (IBRD), according to newly released Bretton Woods statistics. The World Bank’s total commitments reached $80.8 billion for the fiscal year ending June […]
Morocco has called for a rebuilding of partnerships between the shores of the Atlantic, to the benefit of Southern countries, which need today, more than ever, renewed and balanced partnerships. The call was launched at the opening of the 14th edition of Atlantic Dialogues, held by The Policy Center for the New South, on Thursday, […]
French rail giant Alstom has announced an investment of over $ 10 million to boost Morocco’s multi-platform production line for train driver desks, giving a new impetus to the country’s railway industrial value chain. “Seeing this first global production line established within our AMECA region is a strong signal of the industrial momentum we are […]
Morocco is poised to become a gas producer with the start of the initial gas commissioning activities at Tendrara Production Concession, shifting the regional energy order and landscape. The North African Kingdom has launched lately two major international bids worth nearly $1 billion for the development of a first phase of a Liquefied Natural Gas […]
Morocco’s energy transition minister, Leila Benali, outlined an ambitious plan to reform the country’s mining sector, pledging stronger worker protections, streamlined regulations and deeper integration of mining regions into the national economy. The mining industry accounts for nearly 10% of Morocco’s gross domestic product, 20% of export value and provides more than 40,000 direct jobs, […]