First Independent Mena Newspaper
Foreign investment flows to Africa dropped by 3% in 2023 to $53 billion, despite an increase in investments in green energy projects, the UN Conference on Trade and Development (UNCTAD) said. While Egypt and South Africa drove the overall investment trend in the continent, countries such as Morocco and Mauritania are expected to benefit from […]
The Polish newspaper “innpoland” has praised the business climate in Morocco and the investment opportunities offered by the Kingdom. The paper, which published Friday an article on the Kingdom’s economic assets, stressed that “if the word Morocco evokes beautiful landscapes, excellent cuisine and other things that together make it an ideal destination for tourists (…) […]
Morocco is set to create 12 special economic zones in its 12 regions offering tax incentives and other advantages to attract foreign industrial investors. The special zones are also meant to boost exports and curb imports in order to ease the country’s trade deficit. The decision was made in 2016 in a business charter that […]
From their rear base in Tindouf in South-Western Algeria, the Polisario front is watching with dismay the development momentum in the Moroccan southern provinces. The opening of the first restaurant of the US fast-food giant, McDonal’s, in the largest city in the Southern Provinces, Laayoune, is yet another blow to the Algerian-funded separatist militias in […]
“Disguised imports”. It is thus that critics have described Algeria’s policy to set up car assembly plants. Since 2012, Algeria has been trying to attract foreign investments by automotive giants in order to reduce its imports bill, but the results so far are disappointing. Indeed, the opening of a car assembly plant by Volkswagen in […]