The World Bank expects Morocco’s economic growth to increase to 3.5 percent in 2023 and 3.7 percent the following year as the country’s agriculture sector recovers gradually from last year’s drought. The spending of the North African Govt. is expected to partially offset weakness in private consumption stemming from high inflation, underlined the WB in […]
India’s Samta Metals & Alloys, a subsidiary of the Indian Samta Group, is building an aluminum & copper recycling plant in the Atlantic Free Zone, located in the city of Kenitra, Morocco. An investment of $70 million will be injected in this eco-friendly factory to be built over a 36,600-sq-m area. It is expected to […]
Morocco’s growth is expected to reach 5.3% in 2021, and to consolidate to 3.3% in 2022, according to the Kingdom’s Central Bank (BAM). “Growth would reach 5.3 percent this year, driven by a 3.6 percent increase in the value added of non-agricultural activities and a 17.6 percent rebound in the agricultural sector”, the bank […]
