Moroccan interior minister abdelouafi-laftit-1

East African economies: conflict, drought and inflation signal tough times ahead

East African economies will decline this year driven due to political instability, unreliable rainfall and reducing agricultural yields, says the latest Macroeconomic Outlook Report for East Africa published by Deloitte, the world’s largest consulting firm. The report that covered Ethiopia, Kenya, Rwanda, Tanzania and Uganda shows that the region’s gross domestic product (GDP) has been […]

Spain Acknowledges Morocco’s Right to Offshore Gas & Oil Exploration

The Polisario and its supporters in Spain have suffered a new setback after the Spanish Foreign Minister acknowledged Morocco’s legitimate right to explore gas and oil in its territorial waters. Far-left party, Podemos, which supports separatism in the Sahara, has tried to instigate the Spanish government against Morocco’s oil and gas explorations offshore Tan Tan, […]

Danone Sales Grow Offsetting Boycott in Morocco

French dairy company Danone announced that sales will grow by 3.3% this year despite a consumer boycott has slashed the company’s profits in Morocco. The company was able to offset setbacks in Morocco and Brazil as sales were mainly driven by Chinese consumers who snapped up more infant formula while dairy sales picked up in […]