automotive industry in Morocco

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 […]

EAC to provide 7,480 megawatts of electricity by 2022

The East African Community (EAC) has secure $2.5 billion loan from the African Development Bank (AfDB) to provide an additional 7,480 megawatts (MW) of electricity by 2022. The regional bloc comprises six member states in the African Great Lakes region in eastern Africa, namely: Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda. The funds – […]

Ryanair to connect Agadir to seven European countries starting Nov 2021

Ryanair plans to link Morocco’s Atlantic resort of Agadir with destinations in Ireland, France, Spain, Portugal, Italy, Germany and Poland. The company, which announced the setting up of its third African base in Agadir last month, will operate 25 new routes from Agadir to key tourist emitting destinations. The flights will start in November 2021 […]