Seminar-in-Tanzania-on-Sahara

Morocco, Bahrain poised to upgrade cooperation in renewable energy sector

Morocco and Bahrain have signed a Memorandum of Understanding (MoU) aimed at strengthening bilateral cooperation in the sector of renewable energy, through exchange of expertise, technology transfer, capacity building and the consolidation of public and private investment in the sector. Under the deal that will support the implementation of several initiatives related to renewable energy, […]

Morocco’s economic growth to pick up to 4.3% in 2023 after slowing 1.1% in 2022- World Bank

Morocco’s economic growth is expected to slow to 1.1% in 2022 due to a sharp drop in agricultural production but national GDP will increase 4.3% in 2023, the World Bank said. Morocco’s economy grew 7.8% last year as the economy continued to recover from the Covid-19 impact amid an exceptional agricultural output making up for […]

Algeria’s Foreign Reserves Shrink to $112 Bln

In a pessimistic tone that bodes ill for Algeria’s economic prospects, Algerian Prime Minister Abdelmalek Sellal announced yet a new slump in the country’s foreign exchange reserves, which currently stand at $112 billion. As Algeria’s revenues continue to be battered by the slump in oil prices, Sellal, who was speaking in Annaba at a meeting […]