Sudanese army

Mixed reaction in Africa to OPEC oil production cuts amid concern about rising prices

Delegates at the biggest oil conference in Africa have expressed concern about rising prices after the Organization of Petroleum Exporting Countries (OPEC), plus non-members who also export oil, decided earlier this week to cut production targets. The majority of the oil cartel’s 13 member states are in Africa, but many countries on the continent have […]

Morocco spends 90% of its FDI in Sub-Saharan Africa

Morocco has encouraged its companies to invest in Sub-Saharan Africa to an extent that its geared 90% of its foreign direct investments to the region in the period spanning from 2010 to 2018, the Financial Times reported. Ethiopia, Côte d’Ivoire and Cameroon were top destinations of Moroccan investments, the publication said. Morocco’s exports to West […]

OECD forecasts strong economic outlook for Morocco through 2026

Morocco is heading into 2025 with renewed economic confidence, buoyed by a strong rebound in its agricultural sector, the Organisation for Economic Co-operation and Development (OECD) said. The country is projected to achieve a growth rate of 3.8% in both 2025 and 2026, OECD said in a recent report, noting that this sustained momentum is […]