Morocco’s economic growth is expected to fall to 2.6% in 2019 after lower rainfall affected crops, the central bank said, noting that growth would increase to 3.5% in 2020. The central bank, known as Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% while promising to carry out action to promote entrepreneurship. Holding […]
Algeria is the latest country to join Beijing’s Belt and Road Initiative (BRI). A memorandum of understanding has been signed by officials of the two governments to develop infrastructure and strengthen ties between the two countries through the BRI. According to Algeria Press Service the memorandum was signed by Algerian Foreign Minister Abdelkader Messahel and […]
African exports to other continents surpass the continent’s intercontinental trade, the United Nations Conference on Trade and Development (UNCTAD) has found, with Africans preferring import tariffs provided by the United States, European Union, Canada, and Japan (the “Quad nations”). Despite growing calls for increased intraregional trade, companies in Africa are taking advantage of preferential trade […]
