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IMF: Mauritania Faces Challenges for Inclusive Growth despite Favorable Outlook

Mauritania’s economic outlook is favorable due to sustained commodity prices and ongoing economic policy efforts, but there are still considerable challenges for inclusive growth, said the International Monetary Fund. “The economic recovery continues, with growth estimated at 3-3½ percent in 2017 and 2018, and moderate inflation of 2.3 percent on average in 2017”, said IMF […]

EU willing to co-finance vaccine production unit in Morocco

The European Commission is ready to co-finance a vaccine production unit in Morocco, a spokesperson for the EU Commission said on Thursday, indicating that the unit would serve as a distributor of vaccines in Africa.   “In the event that pharmaceutical companies would make a clear and structured proposal, meeting all the conditions for a […]

Chinese clothing manufacturer opens 3rd factory in Morocco

Chinese-owned garment manufacturer “Omega Textile Maroc” opened in Casablanca a new facility, the third of its kind in the North African Kingdom, which is attracting more and more investors and businesses. The company, which makes socks and lingerie items, has invested over $7.1 million in the new unit to create 627 new jobs, including 240 […]