The World Bank (WB) said in its semi-annual MENA economic Monitor that GDP growth in Morocco will rebound to 3.8% in 2017 on the backdrop of abundant rainfall auguring a good agricultural season. The report noted that growth would improve to 3.8% after the Moroccan economy endured the impact of drought in 2016 which dragged […]
Morocco’s exports have outperformed the years preceding the pandemic as the kingdom positions itself as the economic engine of the African continent and of the world. Data from the Exchange Office revealed that revenues of exports from the North African country reached MAD327 billion ($34 billion) in 2021, accounting for an increase of 23.4 per […]
Nigeria’s state-oil firm NNPC plans to revamp its refineries to help Africa’s biggest crude oil producer to save billions of dollars on fuel imports. Despite controlling the world’s 10th-largest oil reserves, Nigeria has only four aging, inefficient state-owned refineries, leaving it almost wholly reliant on imports for its fuel needs. Italy’s Maire Tecnimont won a […]
