Moroccan economy

LafargeHolcim Maroc Afrique opens clinker & cement plant in cameroon, positive driver of South-South cooperation

LafargeHolcim Maroc Afrique (LHMA), through its subsidiary Cimenteries du Cameroun (Cimencam), has inaugurated lately an integrated clinker and cement plant in Figuil, located in Cameroon’s North Region. The inauguration ceremony, chaired by Cameroon’s Prime Minister Joseph Dion Nguté, was marked by the presence of several local government officials and LHMA representatives. An investment of $100 […]

Morocco’s Renault factory output up 9.3% in 2023

The Moroccan plant of French carmaker Renault reported a 9.3% increase in manufactured vehicles to 382,661, placing the factory as the second largest within the Renault group in terms of output volume. The figures were given by head of Renault Maroc, Mohamed Bachiri, who said 90% of produced vehicles were sold in 68 countries. Morocco-produced […]

Gas bonanza may help Algeria gain time to delay catastrophe, but for how long?

Algeria has announced painful reforms including subsidies cuts on which the social peace hinges to try to save its crumbling finances, but all the reforms have vanished as the oil and gas bonanza offer the regime space to gain time and delay reforms as the country heads straight to economic collapse. Before the Russia-Ukraine war […]