virgin-olive

Morocco: Government expects growth to improve to 4.5% in 2023

The Moroccan government is elaborating a budget bill forecasting growth at 4.5% in 2023 after 1.5% in 2021, assuming an average agricultural output. Growth has decelerated in 2021 as the country faces the worst drought in decades, coupled with imported inflation pressures affecting the trade balance due to higher energy imports. The 2023 growth forecast […]

Will Algeria abandon its investment unfriendly legislation?

Algeria has earned a notoriety for being one of the worst countries for doing business in the world, due in part to unfriendly regulations that thwart foreign investors. But that law is likely to change as an economic crisis bites with dwindling oil reserves and rising unemployment, fueling unrest and dissent across the country. Industry […]

Algerian cyberattack hits Morocco’s social security database

A group of Algerian hackers leaked data from social security fund CNSS concerning 500,000 companies and 2 million wage-earners, in the worst cyberattack against a Moroccan institution so far. CNSS has belatedly acknowledged the cyberattack while warning against disinformation and legal risks involved in sharing personal information that have been hacked. The attack evidences the […]