First Independent Mena Newspaper
Morocco’s economic growth is expected to increase to 3.3% in 2023 and strengthen further to 3.6% in 2024 and 3.8% in 2025, according to the projections of the Organization for Economic Cooperation & Development. In its latest report on the North African Kingdom, OECD says a rebound in agricultural production and the services sector, particularly […]
EU’s top diplomat has rejected a claim that migration in Africa is being caused by the war against Ukraine, saying that “the root causes of migration in Africa are lack of development, economic growth and bad governance. “We are living in a circle of instability from Gibraltar to the Caucasus and this happened before the […]
Tunisia will witness a 2.3 per cent economic growth rate in 2023 and 2024, the African Development Bank (AfDB) announced Wednesday, as it presented its economic outlook for 2023. The Abidjan-based institution also projects inflation to stand at 8.8 per cent over the same period. The inflation figure is slightly higher than that of the […]
African leaders will hold a summit on Saturday and Sunday at the headquarters of the African Union (AU) in Addis Ababa with the aim of accelerating the implementation of the continental free trade area (AfCFTA). The summit, the 36th of the organization, will bring together 35 Presidents and 4 Prime Ministers. The officials will ponder […]
African countries should accelerate inclusive recovery efforts to boost economic growth to eliminate the impact of the shocks caused by Covid-19, the war in Ukraine and climate change, all of which have pushed more people into extreme poverty and have increased inequality worldwide, according to Antonio Pedro, the Executive Secretary of the United Nations Economic […]
The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]
South Africa’s economic growth will accelerate to 1.3 percent in 2019 from an estimated 0.9 pct in 2018, the World Bank said on Tuesday citing the implementation of structural reforms announced last year. The World Bank projects South Africa’s economic growth at 1.7% in 2020, and 1.8% in 2021. Economic growth would be supported by […]
Moroccan economy grew by 4.6% in 2017 compared to 1.2% in 2016 on the backdrop of an improvement of the indicators of the agricultural sector. Abundant rainfall boosted the agricultural value added to 15.4% in the first three quarters of 2017 compared to -12.5% the same period in 2016, Economy and Finance Minister Mohamed Boussaid […]
Morocco’s economic growth has picked up in 2017 and is expected to reach 4.4 percent mostly driven by a significant rebound in agricultural activity, said the International Monetary Fund (IMF). “Inflation has declined further and credit growth is recovering”, while the current account deficit is projected to improve in 2017 to 3.9 percent of GDP, […]
On the backdrop of abundant rainfall, auguring a good agricultural season, Morocco’s economic growth stood at 3.8% in the first quarter of 2017, compared to 1.6% the same period last year. Statistics released by the state’s High Planning Commission (HCP) show that the agricultural sector improved to 14.2% by the end of March 2017, compared […]