Asmaa Lamrabet

Morocco’s economic growth to drop to 0.7% due to drought, war in Ukraine

Morocco’s central bank revised downwards this year’s growth forecast to 0.7% amid rising inflationary pressures due to fallout of the war in Ukraine and as Morocco faces an unprecedented growth. The Bank said Morocco’s cereals harvest will drop to 25 million quintals from 103 million quintals last year, amid a 57% rainfall deficit which meant […]

Burkina Faso: Moroccan Addoha Group Launches Construction of New Cement Plant

Morocco’s Addoha group has launched, through its subsidiary CIMAF, the construction of a new cement plant with an output capacity of 700,000 tons per year. The plant, located in Bobo-Dioulasso, the second the city of the West African country, will cost about €25 million and will be completed in 18 months. The new plant will […]

Foresight Africa: Brookings report outlines top priorities for the continent in 2023

With numerous external and internal headwinds, it is easy to be pessimistic about Africa’s prospects, yet, time and time again Africa has proved resilient and hence also in 2023 many African countries will continue to fare well, despite the odds, says an annual report launched by Brookings Institute launched on Monday (30 January). Since the […]