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Automotive: Morocco, leading exporter to Europe, outperforming China in 2023

Morocco has become the largest automotive exporter to the European Union. With a robust growth trajectory in finished vehicle production, the country’s trade with Europe is set to further expand in the coming years, said London-based magazine “Automotive Logistics”. In 2023, Morocco’s automotive exports to the EU saw a substantial increase, reaching a value of […]

World Bank to leverage guarantees for increased international financing in Morocco

The World Bank plans to utilize guarantees to draw more international financing to Morocco, said Hiroshi Matano, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA). “We believe that these guarantees can help Moroccan borrowers (corporate and public institutions and non-sovereign risk counterparties) diversify their financing sources with private capital,” Matano said in an […]

Eid al-Fitr in Africa: economic struggles, conflicts dampen festive mood

As Muslims across the Middle East and North Africa (MENA) region prepare to celebrate Eid Al-Fitr — the Feast of Breaking the Ramadan Fast — starting from Wednesday (11 April), people in many parts of Africa are bracing for low-key festivities due to the tough economic and security challenges that their countries are going through. […]