Morocco: Latest News

  • Where Are Africa’s Millionaires?

    By Dana Sanchez, 10:06 am

    South Africa is the largest economy in Africa, but the future might be different as other African countries enter high-speed economic growth fueled by commodities while South Africa’s economy grows at moderate rates.

  • Chinese Firm Sepco III to Build Morroco Coal Power Plant

    By Makula Dunbar, 9:47 am

    A Chinese firm is all set to build a 318-megawatt coal-fired plant in the African nation of Morocco. The new plant is part of the master plan to cope with the rapid growth in electricity demand in this African nation which is around 10 per cent annually.

  • $10 Billion Marijuana Farming Industry in Morocco to Become Legal?

    By Makula Dunbar, 4:42 pm

    Mustapha Tahiri, a cannabis farmer in northern Morocco, looks forward to the day he can sell his crop without worrying about jail. His country’s legislators may soon grant his wish. “I’d be a lot happier if the state leaves us alone,” says Tahiri, a father of seven whose home in the village of Beni Gmil was raided by government forces last year.

  • Top African Countries For Investment

    By Keren Mikva, 11:11 am

    As the economy begins to bounce back, investors are on the lookout for exciting opportunities around the globe – and may be heading to some new territory. With a reputation for political instability, many countries in Africa have not seen the type of investment one might expect for the second-fastest growing economy in the world, […]

  • CNN Special: Morocco Struggling Through Economic Crisis

    By Makula Dunbar, 5:10 pm

    Higher government spending, an export-import deficit and shrinking foreign currency reserves are all major issues contributing to Morocco’s economic crisis. CNN recently covered the nation’s financial situation outlining causes and solution of fading economic foundations.

  • Morocco to Establish New, Liberal Coalition Government?

    By Makula Dunbar, 5:13 pm

    Morocco’s ruling Islamists look set to form a new coalition government with a liberal party after their previous conservative partners walked out in a row centred on cuts to fuel and food subsidies.

  • Automotive Industry, Manufacturing Hubs Expand in Morocco

    By Makula Dunbar, 5:28 pm

    Some of the world’s most prominent automotive brands are setting up shop in the Kingdom of Morocco. Last year, French multinational vehicle manufacturer Renault S.A inaugurated a $1.5 billion giant car factory in Melloussa, a small cosmopolitan town close to Tangiers, a commercial city in the northern region of Morocco.

  • Morocco: The New Hot Oil Exploration Territory

    By Ann Brown, 7:00 pm

    Morocco is being looked at as the next new hot place for major oil exploration. In fact, The Herald Sun reports that host of explorers are expected to start exploring Morocco over the next couple of years. “There is nowhere in the world that I know of that is having this amount of drilling activity at […]

  • Spain Increases Business Activities In Morocco

    By Ann Brown, 4:00 pm

    From Global Post King Juan Carlos recently promoted Spanish business activities in Morocco, a country he said is a “very valuable example of openness and stability” thanks to the reforms undertaken by its monarch, Mohammed VI. Juan Carlos inaugurated the Spain-Morocco business forum on the second day of his official visit to the North African […]

  • 3M Restructuring Africa Operations, Looking To Mining, Oil And Gas

    By Dana Sanchez, 2:59 pm

    U.S.-based 3M, maker of myriad consumer products, sees mining, oil and gas as potential industries for future growth in Africa, along with energy and healthcare, according to a report in NewBusinessEthiopia. Already established in Africa for 40-plus years, the company hopes to improve coverage on the continent and accelerate future growth by restructuring its business on the continent […]

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