IMF revises Sub-Saharan countries’ 2019-2020 growth forecasts

The International Monetary Fund (IMF) in a report released on Wednesday announced that the economy of Sub-Saharan countries should rise this year. In its World Economic Outlook Update, titled ‘A Weakening Global Expansion’, the Washington-based Fund indicated that economic growth in Sub-Saharan Africa should pick up in 2019, forecasting a 3.5 per cent growth for […]

Morocco becomes observer member of Andean Community

Morocco has become an observer of the Andean Community of Nations, a free trade area mustering Bolivia, Colombia, Ecuador, and Peru. The Kingdom is the first Arab and African country to gain such a status, which enables it to enhance its presence in Latin America. The decision was made during the 20th meeting of the […]

Morocco, Mozambique set up business council to bolster joint investment

The employers’ unions of Morocco and Mozambique have agreed to set up a joint business council to foster trade exchanges and economic cooperation between the two African countries. The agreement was inked Thursday in Marrakesh by Chakib Alj, President of the General Confederation of Moroccan Enterprises (CGEM), and Agostinho Zacarias Vuma, Chairman of the Confederation […]