Morocco-economy

Morocco’s economic growth to pick up to 5.3% in 2021

Morocco’s central bank revised upwards Morocco’s economic growth to 5.3% in 2021 citing the beginning of the end of the health crisis with the roll out of the vaccination campaign and a better crop year. The bank said growth will pick up from a contraction of 7% last year under the combined effect of drought […]

EBRD Contributes €15 Mln to Support SMEs in Morocco, Tunisia & Egypt

The European Bank for Reconstruction & Development (EBRD) is supporting small and medium-sized businesses in Morocco, Tunisia & Egypt with a €15 million equity investment in the first close of Mediterrania Capital III LP (MC III), which could increase up to €35 million in subsequent closings. This is the third fund of Mediterrania Capital Partners, […]

Tunisia summons Turkish ambassador in response to Erdogan’s comments

Tunisia summoned the Turkish ambassador to Tunis over comments by President Recep Tayyip Erdogan criticizing the dissolution of the Tunisian parliament. Erdogan said sacking the parliament was contrary to “the will of the Tunisian people” and a “smear to democracy.” The Tunisian presidency rejected this as “an unacceptable meddling in Tunisia’s domestic affairs.” The Ministry […]