Economic Prospects for North Africa:Managing Risks and Expanding Opportunities

Three years down the road from the wave of Arab Spring revolutions that affected the Middle East and North Africa region, MENA economies remain depressed. Egypt’s gross domestic product contracted by about 3 percent in the second quarter of 2013 while the growth rate amounted to only 2 percent last year, when compared to 2.3 […]

Moroccan Railways’ Net Profits hit 223 Million DH in 2016

Morocco’s state-owned railway operating company (ONCF) posted a net profit of 223 million Dirhams in 2016, up 31% compared to 2015. The company said in a statement that its turnover over the same period reached 3.7 billion DH with an added value of 2.5 billion DH and a self-sustainability of 273 million DH, 5.8% higher […]

EBRD launches ‘Star Venture’ Program to support Moroccan startups

The European Bank for Reconstruction and Development (EBRD) announced on Wednesday it has launched the second phase of its “Star Venture” program to support the growth of 8 Moroccan startups. The program, financially supported by Korea, aims to identify high-potential startups and mobilize global expertise to help them develop rapidly, the EBRD said in a […]