In 2024, Morocco is set to unseat South Africa as the largest car producer base in Africa, thanks to its investment climate which attracted investments from major European and Chinese producers. “Morocco will remain the favored investment destination for autos due to its proximity to the EU, existing trade agreements, and efficient logistics infrastructure,” Fitch […]
Moody’s Ratings has revised Morocco’s “Ba1” rating outlook for its long-term foreign and local currency debt from “stable” to “positive,” according to the Ministry of Economy and Finance. In its assessment report, Moody’s emphasizes that the “positive outlook” reflects the gradual improvement in Morocco’s economic and fiscal strength, which is likely to further reinforce its […]
The plummeting oil prices propelled Algeria in an economic crisis marked by a sharp decrease in exports and a deepening budget deficit threatening to halt several mega projects in the country, chief among which is Algeria’s mega mosque. In 2011, when global oil prices were at their peak, works started to build the mosque overlooking […]
