France Tunisia

Morocco: Arab Monetary Fund forecasts 1% annual economic growth in 2022; 4% in 2023

The Arab Monetary Fund said that the expected economic growth in Morocco by the end of 2022 will not exceed 1%, after last year’s 7.9%, and that 2023 growth will reach 4%. The fund stated in its recently-issued Arab Economic Outlook Report that the yield of the main cereal crops will not exceed 32 million […]

EBRD Lends €16 Mln to Varroc Lighting Systems Morocco

The European Bank for Reconstruction and Development (EBRD) announced Friday a €16 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The loan will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant in Kenitra, as well […]

Morocco’s economic growth to pick up to 4.6% in 2021- HCP says

Morocco’s economic growth is expected to pick up to 4.6% in 2021 after a 7% loss in 2020 due to the coronavirus pandemic which hit both exports and local market, the Moroccan high commission for planning, HCP, said. Citing a severe drought and the coronavirus pandemic impact, the HCP said that the economy is expected […]