Tony Elumelu Foundation

Morocco’s economic growth to improve to 3.2% in 2024 despite drought

Morocco’s economic growth would pick up to 3.2% in 2024 from 2.9% expected in 2023, amid persisting drought but improving exports, planning agency HCP said. The forecast is closer to that of the World Bank which sees the economy growing by 3.1% this year after 2.8% last year. The agency expects Morocco to reap a […]

Samsung gets golden license to set mobile phone factory in Egypt

Egypt Wednesday August 30 accorded South Korean tech giant Samsung a golden license to set up a mobile phone plant to produce, after the North African provided the firm another permit to manufacture tablets for educational use. The future factory, 6,000 square meters, is expected to generate 768 direct and indirect jobs and located in […]

Inter-Libyan dialogue: President of Libyan High Council of State grateful to Morocco for successful outcome

President of the Libyan High Council of State, Khaled Al Mechri, expressed, on Tuesday, gratitude for Morocco’s efforts that ensured the success of the Inter-Libyan dialogue held last week in Bouznika, a coastal city to the south of Rabat. “We can only express our sincere gratitude and recognition to the Kingdom of Morocco, the King, […]