Azoulay Essaouira

Africa’s total exports surge by 17% in 2023, yet its global share is still less than 3% — report

Africa’s exports increased by 16.8% in 2023 compared with a year earlier, reaching US$665.4 billion, whereby this significant growth was primarily driven by minerals and IT services, according to a recently published Africa Export Competitiveness Report 2023. According to the report, the world economy recovered considerably from the Covid-19 pandemic in 2023, as the total […]

Morocco’s King outlines roadmap for comprehensive, sustainable development in Africa

King Mohammed VI has outlined a roadmap for achieving a comprehensive and sustainable development in Africa, based on four key pillars, namely changing the model used for development financing; creating an institutional, economic, and social environment conducive to development; increasing and stimulating intra-African trade; and increasing the value of the continent’s abundant natural resources. These […]

Tanger Med brings Morocco’s ports capacity to 260 million tons

The extension of Morocco’s Tanger Med port increased the total capacity of Morocco’s 13 ports combined to 260 million tons. The launch of Tanger Med 2 increased the northern port’s capacity to 9 million container from 3.5 million in 2018. The extension was achieved at a total cost of 88 billion dirhams in state funding […]