forest fires in Algeria

Seychelles: Central Bank Chief steps down in March 2024

The governor of the Central Bank of Seychelles (CBS) Caroline Abel, will leave her position in March 2024 when her contract ends. C. Abel made the announcement during the CBS press conference on the monetary policy for the upcoming three months, State-run news agency reports. “Today is my last press conference as governor of the […]

IMF revises upwards Morocco’s growth forecast to 1.25% in 2022 and 3% in 2023

The IMF revised upwards its growth projections for the Moroccan economy to 1.25% in 2022 and 3% in 2023, saying Morocco’s resilient exports, robust remittances and tourism recovery had helped offset some of the fallout of external shocks. The Moroccan government however expects growth to stand at 1.5% this year before increasing to 4% next […]

Morocco reaps benefits of car industry strategy

One dirham in two received out of industrial exports are generated by the car industry sector which topped Morocco’s industrial exports in 2018 taking 44.5%. The sector employs 85,00 people as the automotive sector’s clusters continue to expand pushing car exports above phosphates and tourism revenues. These achievements are all thanks to the industrial acceleration […]