Category Archives: Industry

ONEE Investments to Reach 25Bln DH by 2023 – Minister

Rabat – Investments of the National Office for Drinking Water and Electricity (ONEE) will reach 25 billion DH by 2023, said Tuesday in Rabat Minister of Energy, Mining and Environment, Aziz Rabbah.   Speaking at the House of Advisors (upper house), Rabbah noted that this volume of investments will meet the needs of the rural

Travel Receipts: Record of 78.8 Bln MAD in 2019, Report

Rabat – Travel receipts reached a record 78.8 billion dirhams in 2019, after the amount of 73 bln dirhams recorded a year earlier, according to the Exchange Office.   France held the first place in 2019 as a country issuing travel receipts with 25.7 billion dirhams, that is a share of 32.6%, said the Office

EBRD Names BOA As Most Active Partner Bank In 2019

Casablanca – The Bank Of Africa (BOA) has been named by the European Bank for Reconstruction and Development (EBRD) as “Most Active Partner Bank in Morocco in 2019” as part of its Trade Facilitation Program.   This program, which offers a wide range of products, aims to promote international trade between the EBRD’s countries of

AU Commissioner for Trade and Industry Welcomes Royal Initiative, Commends Potential of the Kingdom’s Healthcare Industry

Addis Ababa – Commissioner for Trade and Industry of the African Union Commission, Albert M. Muchanga, has welcomed the initiative of HM King Mohammed VI to send medical aid to several brotherly African countries to support them in their efforts to fight against the COVID-19 pandemic, noting that in addition to this aid, Morocco can

World Bank Approves $US500 Million to Support Morocco’s Financial and Digital Inclusion Reforms

Washington – The World Bank Board of Executive Directors has approved a US$500 million Financial and Digital Inclusion Development Policy Financing (DPF) program, which will support key policy reforms to promote an enabling environment for digital transformation in Morocco.   Building on continuing government reforms, the current DPF – the first in a programmatic series

Morocco’s Official Reserve Assets Up 21.7%

Rabat – Morocco’s official reserve assets amounted to 289 billion dirhams until June 12, 2020, up by 21.7% compared to the same period in 2019, Morocco’s central bank (Bank Al-Maghrib) has said. During the week of 11-17 June, Bank Al-Maghrib injected 101.3 billion dirhams. As for the interbank rate, it has reached 1.99%, the source

Covid-19: WB Loans Morocco 48 mln Dollars

Washington – The World Bank approved Tuesday a 48-million dollar loan to help Morocco manage the effects of the COVID-19 Pandemic as the Kingdom is exiting strict lockdown measures. The loan is part of an ongoing Program for Results project, approved in 2015, and aiming to support primary health care services, said the Bank in