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Algeria’s economy, a crisis in the making

Long ruling Bouteflika has stepped down after popular protests leaving behind him an embattled economy vulnerable to international oil prices. After years of unsustainable spending, Algeria’s foreign exchange reserve shrunk to cover only four years of imports making it difficult to sustain a generous subsidy system that has bought peace at the expense of financial […]

China’s car part maker Citic Dicastal opens third plant in Morocco

China’s car part maker Citic Dicastal opened in Morocco its third factory worth 190 million dollars to manufacture aluminum chassis parts. The new factory in Kenitra will be ready in six months with a production capacity of 10 million units. It will offer up to 766 direct jobs, the industry ministry said in a statement. […]

Covid-19 : Companies convert production to save lives

Several Moroccan companies have converted their production chains to make personal protective gears (facemasks/shields, gloves…) and even ventilators to help combat the shortage due to the coronavirus pandemic. Sensing the urgent needs, some companies worked night shifts to scale up the country’s daily production of face-masks to over 3.3 million, while other firms such as […]