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Informal sector represents 30% of Morocco’s GDP- Central Bank study

The scale of the informal sector in the Moroccan economy amounts to 30% of GDP said a new study conducted by the Central Bank. The informal economy leaves workers in vulnerability without pension or health insurance and undermines the economy due to tax and anti-competitive practices. In the MENA region the average part of the […]

Nigeria’s intention to join BRICS will not be influenced by West — FM

Nigeria will apply for membership of the BRICS in the next two years and it intends to join the group with or without pressure from the West, the country’s foreign minister Yusuf Tuggar has said. During a recent three-day working visit to Russia, where he held talks with his Russian counterpart Sergey Lavrov, Tuggar re-iterated […]

Morocco Spent $244 million on US Arms in 2016

Morocco remains the first market for US armament industry in North Africa, with sales amounting to $244 million in 2016. Moroccan media reports said that US weapons represent 96% of Moroccan weapon acquisitions in 2016 compared to 100% ($274 million) in 2015. Morocco, which earmarks 3% of its GDP to military expenditures, has an army […]