Moroccan sahara city of boujdour

Morocco: World Bank anticipates growth of 1.1% in 2022 & 4.3% in 2023

Moroccan economic growth is expected to reach 1.1 pc this year before rebounding to 3.4 pc in 2023, says the World Bank in its latest updated forecast. The WB says growth in Morocco is projected to slow to 1.1% in 2022 as agricultural output declines by 17.3% due to the drought. The economy is projected […]

Green Transition: Morocco signs MoU with Belgian Solvay group

Belgian group Solvay, specializing in chemicals, will increase its investments in Morocco to support the green transition of various sectors, in particular automotive and aeronautics and renewable energies under a Memorandum of Understanding it signed with the Moroccan Ministry of Industry and Trade. The Belgian group will increase its investments in Morocco to support the […]

Tech start-up Andela raises $100m in USA for Africa operations

African-focused start-up Andela has raised $100m in a tour in United States, led by Al Gore’s Generation Investment Management. Andela, founded in 2013 to train African software developers and help them get hired by global companies, said it would use the most recent cash injection to expand the business and improve its internal data tools […]