First Independent Mena Newspaper
Morocco’s economy is expected to end 2026 on a stronger note, with GDP growth accelerating to 4.7% in the fourth quarter, according to the High Commission for Planning (HCP). This follows estimated growth of 4.1% in the third quarter and 4% in the second, HCP said. The pickup would be driven by a recovery in […]
Morocco’s economy expanded at a faster pace in 2025, recording growth of 4.9 percent against 4.4 percent in the previous year, according to national accounts published by the Haut-Commissariat au Plan. The improvement was underpinned by resilient domestic demand and a marked deceleration in inflation, though the data also point to an increase in the […]
Morocco’s National Agency for the Strategic Management of State Shareholdings (ANGSPE) is preparing to launch a major technology project to automate the production of consolidated financial statements for approximately 350 state-owned enterprises and establishments under International Financial Reporting Standards. The project, budgeted at 19.3 million dirhams, will deploy an Enterprise Performance Management (EPM) platform capable […]
Economic leadership that was long concentrated in the West has decisively shifted towards emerging economies, whereby this historic global shift in trade and power is redefining Africa’s role in the world economy, says a new book ‘West to East: A New Global Economy in the Making’. Its author, economist Arno van Niekerk, described in a […]
On September 23, Mohammed Al-Huwaij, the Minister of Economy in the Government of National Unity, assured the public that Libya maintains a strategic reserve of essential food supplies sufficient for at least three months. He also announced that letters of credit would be opened within the week to facilitate the import of these goods. Al-Huwaij […]
African economy is expected to grow by 3.4% this year and 3.8 in 2025, said the World Bank, noting that the rate was not enough to curb poverty. The continent needs higher growth rates to help at least 462 million people in sub-Sahara who were still living in extreme poverty by 2023, the World Bank […]
Morocco’s economic growth stood at 2.9% in the first three months this year, despite drought that undermined agricultural production. Led by domestic demand, non-agricultural growth was at 4% the same period thanks to the industrial sector and services, the high commissioner for planning said in a report. Rainfall was 42% lower compared to last year […]
The Moroccan economy has been opening up, leading to the development of new sectors such as aerospace and automotive industry, says the 2024 Bertelsmann Transformation Index report (BTI), which analyzes transformation processes towards democracy and a market economy worldwide. Morocco has made good progress in carrying out reforms to improve market competitiveness, adds the report […]
The mining sector has helped the South African economy avoid recession with a growth of 0.1% in the fourth quarter. The rate is not enough to create jobs for the millions of the unemployed in the country which braces for elections in May. The key mining industry recorded a 2.4 percent increase in output helped […]
The Moroccan-Russian relations and the 2023 Russia-Africa Summit due in St. Petersburg July 27-29 were at the center of talks held Wednesday in Moscow between Moroccan ambassador to Russia Lotfi Bouchaara and deputy foreign minister Mikhail Bogdanov. The two parties also discussed bilateral political dialogue on regional issues of common concern, said the Russian foreign […]