French Schneider to create an Africa-based mini-grid industry

Sudan orders urgent trade reforms as war-ravaged economy struggles to recover

Sudan has announced emergency measures to address major disruptions in exports and imports, as Finance Minister Gibril Ibrahim moves to stabilize an economy severely weakened by conflict since April 2023. In a statement issued on Wednesday, April 22, the Ministry of Finance said a Government task force had been directed to implement immediate solutions to […]

IMF sees Morocco’s economic growth at 3.1% in 2024, 3.3% in 2025

The IMF said Morocco’s economic growth would pick up slightly to 3.1% this year and 3.3% next year, forecasting a return of inflation to pre-pandemic levels. Inflation would stand at 2.2% this year and 2.5% next year, in line with central bank forecasts, the IMF said in its April global economic outlook. Algeria’s growth would […]

Tanger Med brings Morocco’s ports capacity to 260 million tons

The extension of Morocco’s Tanger Med port increased the total capacity of Morocco’s 13 ports combined to 260 million tons. The launch of Tanger Med 2 increased the northern port’s capacity to 9 million container from 3.5 million in 2018. The extension was achieved at a total cost of 88 billion dirhams in state funding […]