Agriculture could help Morocco shrink trade deficit with China- McKinsey

Mckinsey said that agriculture stands as a promising sector for Morocco in order to bridge the gap in its trade deficit with China. The US consulting firm said in a report on Chinese-African economic ties that out of the 2 billion dollars of Morocco’s agricultural exports in 2017, only 0.2% was sold to China. The […]

Morocco: Total Investment in Urban Development Exceeded $7.6.bln over Last Ten years

State-owned real-estate developer, Al Omrane, announced that it had spent over $7.6 billion (72.5 billion dirhams) on urban development projects in Morocco over the last ten years. Head of the board of directors of the company, Badr Kanouni, said, at a ceremony marking the tenth anniversary of the group, that 465,000 housing units were achieved […]

East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis

East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]