automotive-industry-morocco

Fitch Ratings: Morocco has Buffers against Pressure on its Finances due to Covid-19

Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]

Morocco to administer Jansen vaccine in areas with higher Covid-19 infections

Morocco will soon receive 300,000 doses of the Johnson and Johnson vaccine (Jansen) which will be administered in areas where infections are rifer. These areas include the business and tourist hubs of Casablanca, Marrakech and Agadir, Medias24 reported. Unlike Sinopharm and AstraZeneca, currently in use in Morocco, the new shipment will enable the inoculation of […]

AfCFTA offers ‘significant’ opportunities for Morocco’s automotive industry – Report

The African Continental Free Trade Area (AfCFTA) agreement offers four significant opportunities to the Moroccan automotive sector, which is among the best developed on the continent, especially for its affordable inputs, finished exports, advantageous labor, and reduced customs tariffs, the 9th edition of the CFC Africa Insights report outlined. The report, titled “AfCFTA: unlocking the […]