Dirham

IMF : Morocco’s Economic Growth To Reach 4.4 PC in 2017

Morocco’s economic growth has picked up in 2017 and is expected to reach 4.4 percent mostly driven by a significant rebound in agricultural activity, said the International Monetary Fund (IMF). “Inflation has declined further and credit growth is recovering”, while the current account deficit is projected to improve in 2017 to 3.9 percent of GDP, […]

Abuja hosts largest gathering of African entrepreneurs in July

The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, will hold this year’s entrepreneurs’ summit in Abuja. TEF’s gathering, which is in its fifth year is set to take place July 26 – 27 in Nigeria’s federal capital Abuja with the participation of entrepreneurs from 54 countries. The event is […]

IMF sees World Cup infrastructure driving medium‑term growth in Morocco

Morocco’s preparations for hosting the 2030 FIFA World Cup are expected to involve a significant multi‑year infrastructure investment program amounting to about 12% of GDP between 2024 and 2030, according to the International Monetary Fund’s latest Article IV consultation report. The IMF estimates total spending at around 190 billion Moroccan dirhams ($20 billion), covering mostly projects in railways, […]