Bank Al-Maghrib

Morocco, 25 years of industrial development under King Mohammed VI

Twenty-five years ago, no one would have imagined that Morocco’s top exports would be cars. Morocco’s GDP, thanks to the King’s far-sighted approach, has more than doubled in a tough environment reaching some $130 billion, thanks to different economic policies spurred by the King. Industry has helped Morocco reduce dependence on the climate-vulnerable farming sector. […]

Cameroon: Security forces block opposition rally as election tensions mount

Political tensions escalated in Douala Sunday as security forces clashed with supporters of opposition leader Maurice Kamto, preventing access to the headquarters his party, the Movement for the Renaissance of Cameroon (MRC), ahead of October’s presidential elections. Authorities had restricted movement in parts of the city and around the airport since Saturday, anticipating Kamto’s arrival […]

Algeria’s African Mirage

As it heads straight towards a spiral of economic and social turmoil reminiscent of the situation that it experienced in the late 1980s and the 1990s, Algeria tries desperately to catch up with its western neighbor Morocco. As Rabat increasingly outmanoeuvres Algiers on the continent thanks to a decades-long coherent African strategy underpinned by south-south […]