ali-bongo

Morocco’s 2022 growth forecast drops to 1.7%- government

Morocco’s economic outlook has worsened due to drought and external shocks, notably imported inflation, with growth prospects seen at between 1.5% and 1.7%, head of the Moroccan government Aziz Akhannouch said. The government had based its 2022 budget on a growth forecast of 3.2% and expected its budget deficit at 6.1%. Akhannouch said that high […]

Morocco, the new Eldorado for automakers

Morocco has established itself as a major automotive manufacturing hub, with French newspaper “Le Dauphiné libéré” describing the North African country as “the new Eldorado” for automakers. The automotive sector has become a pillar of Morocco’s economy and its leading export industry. Renault leads French investment in Morocco, operating the world’s largest Renault factory in […]

Renewable Energies: Morocco among top 5 countries poised to become a global floating offshore wind power giant

A recently released report by the Global Wind Energy Council (GWEC) ranks Morocco among the top 5 countries likely to emerge as global hubs for floating offshore wind energy, a technology that is set to see unprecedented growth in the coming years. Morocco’s thriving offshore wind energy market has put the North African kingdom in […]