Around 40 pc of Morocco’s Citrus Output Exported to EU

Around 40 pc of Morocco’s citrus production are exported to the EU, Morocco’s major trade partner, with 30-35 pc going to Russia and a further 15-17 pc to North America, while the local market absorbs 70 pc of the output. The Moroccan citrus industry is expected to produce 2.4 million metric tons (MT) during the […]

Uganda drops Chinese firm from $2.2bn railway deal, turns to Turkish rival

Uganda has begun to court Yapi Merkezi, a Turkish firm, that is building the Tanzanian railway for financing and construction of a railroad after it cancelled all contractual work it had earlier signed with China Harbor Engineering Company. The east African nation has canceled the deal it signed with the Chinese company to build a […]

IMF confirms Morocco’s favorable economic prospects, calls for more reforms

The International monetary fund said Morocco could post a growth rate of 4.5% in 2024 from 3% in 2018 if it continues on path of reform and inclusive growth. “Morocco’s medium-term prospects remain favorable, with growth expected to reach 4.5 percent by 2024” the IMF said in a report following Article IV consultations. The North […]