Credit rating agency Moody’s maintained Morocco’s BA1 positive ranking, and noted that the country’s credit strengths reflect a structural shift towards higher value-added export industries and fiscal improvements, which could lead to stronger non-agricultural growth and a stabilization and gradual reduction in public sector debt. “Morocco is strategically positioned within global value chains in the […]
Morocco is reportedly seeking a re-negotiation of its free trade agreement with Turkey as it seeks more Turkish investments to compensate for an expanding trade deficit, minister delegate in charge of foreign trade Omar Hjira said. The trade deficit with Turkey soared to 3 billion dollars, driven by fabric imports by Morocco’s textile sector. The […]
Morocco’s leading company in wiring systems and electrical equipment, Nexans Morocco, will invest around €12 million to set up a wire producing plant near Abidjan, Côte d’Ivoire. The plant to cover 30,000 square meters will be operational by 2018. The factory will produce electric wires to be used in residential constructions and office buildings, as […]
