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Algeria: State-run Sonatrach CEO Sacked

Kamel Eddine Chikhi, Chief of state-owned energy firm Sonatrach, was sacked Wednesday only three months into the job.   A presidential decree, relayed by state-run television ENTV, said Toufik Hakkar will take the helm of the energy company, which witnessed a cut into revenues last year and is in search of investors.   Hakkar was […]

Morocco, 2nd best place for investment in Africa – Rand Merchant Bank

The South African Rand Merchant Bank (RMB), in its latest “Where to invest in Africa” report, identifies Morocco as the second country on the continent with best investment-attractiveness thanks to its stability. The author of the report, RMB Africa Economist Daniel Kavishe indicated that Morocco’s economy continues to benefit from political stability. He also highlighted […]

Morocco’s trade deficit widens 15.5% despite strong tourism and investment growth

Morocco’s trade deficit reached 225.29 billion dirhams through August 2025, increasing 15.5% compared to the corresponding 2024 period, according to Foreign Exchange Office data. This widening gap results from import growth outpacing export expansion despite positive performance in other economic sectors. Imports surged 8.4% to 533.42 billion dirhams while exports grew more moderately at 3.8%, […]