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S&P Expects Morocco’s Economy to Grow By 4.1% in 2020-2021

The international ratings agency Standards & Poor’s expects Moroccan economy to grow by 4.1 pc in 2020-2021, after decelerating to about 3.2 pc in 2019. The expanding automotive and tourism sectors, coupled with increased demand for phosphates and derivatives, will stimulate the long-term performance and somewhat reduce the reliance on cyclical sectors, notably agriculture, says […]

China’s Citic Dicastal expands automotive investments in Morocco

China’s car parts maker Citic Dicastal opened its third factory in Morocco in Kenitra worth 180 million euros to manufacture aluminum chassis parts. The new factory spans over 20,000 square meters and employs 1000 people. It has an annual production capacity of 5 million units, of which 90% will be exported to Europe. This plant […]

Pope Francis urges South Sudan to end “blind fury of violence”

Pope Francis has ended his peace mission to South Sudan with an impassioned plea urging the people to resist the “venom of hatred” to achieve the peace, forgiveness and prosperity that have eluded them through years of bloody ethnic conflicts. Reconciliation and mutual forgiveness for past wrongs — these were the main themes woven in […]