Asia Columns Emerging Markets Headlines International Morocco

Israel to recognize Morocco’s sovereignty over the Sahara – media reports

Israel is on the way to announce a formal recognition of Morocco’s territorial integrity and sovereignty over the Sahara, according to Israeli media. The issue is at the heart of a visit to Morocco by Israel’s National Security Adviser Tzachi Hanegbi who met on Wednesday Morocco’s foreign minister Nasser Bourita. Israel’s transport minister Miri Regev, […]

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OECD forecasts 3.5% growth rate for Morocco in 2023

The Organization for Economic Co-operation and Development (OECD) projected the Moroccan economy to grow by 3.5% this year and 3.7% next year, in an optimistic forecast that is closer to the government’s expectations of 4%. In its recent projections, Morocco’s central bank sees the economy growing by 2.6% this year from 1.2% last year. The […]

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Morocco’s FM meets in Rabat Israeli National Security Adviser Tzachi Hanegbi

Morocco’s Foreign minister Nasser Bourita conferred on Wednesday in Rabat with Israeli National Security Advisor Tzachi Hanegbi on bilateral and regional issues of common interest. They hailed cooperation ties that are gaining momentum between the two countries in all sectors, especially in matters of security, according to local press reports. Though no reference has been […]

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WTO & AFWE chiefs urge African govt’s to boost AfCFTA, agric investment, infrastructure

The WTO chief has called on African countries to create trading opportunities and increase investment in agriculture to address food security in Africa, as the head of the African Federation of Women Entrepreneurs (AFWE) stressed the need for improved infrastructure and the removal of tariffs to facilitate intra-African commerce. In a speech read on her […]

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WB expects Morocco’s growth to reach 2.5% in 2023 & 3.3% in 2024

Morocco’s economic growth is expected to reach 2.5 pc in 2023 before rebounding to 3.3 pc in 2024, according to the World Bank’s latest Global Economic Prospects report. The persistent drought and high inflation are weakening growth in Morocco, with unemployment rising to above its pandemic peak in March 2023, said the WB. However, growth […]

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UN allocates Congo around $1 million to fund agriculture projects

The United Nations has provided Congo around $1 million for agriculture projects under the supervision of the World Food Program (WFP) bureau in the central African country. The financing, over two years, was announced by Dima Al-Khatib, Director of the United Nations Office for South-South Cooperation (UNOSSC). “This is a project for which we’re going […]

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Israeli army takes part for 1st time in African Lion Drills in Morocco

An Israeli elite unit is taking part for the first time in the African Lion military games on Moroccan soil, Israeli defense forces spokesman Avichai Adraee said. Israel will send a delegation of 12 soldiers and a commander of the Israel Defense Forces to the African Lion, which brings together 8000 soldiers from 18 countries. […]

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Morocco offers $0.5 bln in aid to help farmers access animal feed

Morocco will spend 0.5 billion dollars to help farmers access animal feed at a subsidized price as the country’s grains agency tenders for 500,000 feed barley. The aid is part of a $1 billion package announced last month in aid to farmers to help mitigate drought impact on crops and cattle. Recurrent droughts slashed Morocco’s […]

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Sahel and West Africa committed to invest in fertilizers for agri transformation

West African leaders have affirmed their commitment to accelerate investments and reforms to make fertilizers more accessible and affordable during the recent high-level roundtable jointly organized by the World Bank, and the Economic Community of West African States (ECOWAS) and the Togolese government. During the event (31 May), held in Togo’s capital, Lome, industry leaders […]

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OCP mulls phosphates investment in Togo

Morocco’s phosphates and fertilizers producer OCP said it plans to launch a feasibility study for the setting up of a phosphate-based fertilizers plant in Togo. A deal was signed by Togolese agriculture minister Antoine Kepka Gbebgeni and head of OCP Africa Mohamed Anouar Jamali. The plant is expected to be achieved in the medium term […]