Abdulhamid Dbeibeh

Morocco seeks more Turkish investments to compensate trade deficit

Morocco is reportedly seeking a re-negotiation of its free trade agreement with Turkey as it seeks more Turkish investments to compensate for an expanding trade deficit, minister delegate in charge of foreign trade Omar Hjira said. The trade deficit with Turkey soared to 3 billion dollars, driven by fabric imports by Morocco’s textile sector. The […]

Burkina Faso: Moroccan Addoha Group Launches Construction of New Cement Plant

Morocco’s Addoha group has launched, through its subsidiary CIMAF, the construction of a new cement plant with an output capacity of 700,000 tons per year. The plant, located in Bobo-Dioulasso, the second the city of the West African country, will cost about €25 million and will be completed in 18 months. The new plant will […]

African Caucus wraps up meeting with adoption of Marrakesh Declaration

The 2022 meeting of the African Consultative Group of Finance Ministers & Central Bank Governors of the 54 African Member States of the World Bank and the IMF wrapped up works Wednesday in Marrakech with the adoption of the “Marrakech Declaration”. The document urged the WB and the International Monetary Fund to provide “rapid, comprehensive […]