Morocco’s automotive sector was the largest in Africa in 2017 with an output of 345,000 cars, surpassing South Africa’s production of 331,000 cars, South African business news outlet, IOL, said. “Morocco posed a threat to South Africa’s automotive industry because it was about 16km from Europe and focused on that market rather than sub-Saharan Africa,” […]
In 2011, Libya’s economy contracted to around 60% but according to the International Monetary Fund, it grew by more than 100% in 2012 as it continues to recover. It is forecasted to reach around 16.7% this year after attaining 121.9% in 2012. The head of an IMF mission which went to country, Ralph Chami, stated […]
Morocco’s central bank detailed in a recent report its efforts to reduce reliance on cash- which has been dominating the economy- and promoting mobile payments to boost financial inclusion. In its 2024 annual report on financial market infrastructure and payment systems, Bank Al-Maghrib outlined regulatory and operational measures aimed to address entrenched habits relying on […]
