Morocco has launched the Innov Invest Fund, an investment offer of Dhs700 million, to seed stage companies and innovating small and medium enterprise (SMEs) in the country.The fund is aimed at reinforcing the equity financing offer in favour of Moroccan innovative startups with a strong growth potential.Speaking on the occasion, Minister of Economy and Finance Mohamed Boussaid, said that the fund would offer...
Morocco’s Central Bureau of Judicial Investigations (BCIJ) has dismantled a cocaine ring operating in different cities. A communiqué by the General Directorate of National Security (DGSN) said on Tuesday that 10 people were arrested over suspicion of international cocaine trafficking. Police investigations also led to the seizure of a record quantity of cocaine. The press release indicated that 2,588 kilos of cocaine were seized in different locations: a car...
Chinese eco-friendly electric buses are rolling out in the Moroccan city of Marrakesh in yet another example of growing Chinese footprint in the North African nation. The buses were supposed to roll out in November last year when Marrakesh hosted the 22nd edition of the Conference of Parties to the UN Framework Convention on Climate Change. However, technical issues didn’t allow that to happen. Subsequent months saw trials and...
As tension mounted in Catalonia after a local independence referendum received a crackdown from Madrid, Morocco expressed its official support of Spain’s Unity. Some have connected the kingdom’s stance to the conflict in the Western Sahara, but one political analyst has a different explanation. For decades, Morocco and Spain have been at odds over the kingdom’s dispute with the separatist Polisario Front. Madrid has long held...