First Independent Mena Newspaper
The UN Conference on Trade and Development has praised the progress made by the automotive industry in Morocco, which is now positioned as a production platform with the entry of several groups, including German Motor Distributors, Renault, Snop (parts and components supplier), Stellantis, Sumitomo Electric Wiring Systems and Yazaki. In its “Economic Development in Africa” […]
Morocco seeks to transform itself into a regional business hub by leveraging its geographically strategic location, political stability, and world-class infrastructure to expand as a regional manufacturing and export base for international companies, says U.S. latest report on global investment climate. The North African Kingdom actively encourages and facilitates foreign investment, particularly in export sectors […]
COMESA, or the Common Market for Eastern and Southern Africa, has recorded a significant increase in trade both globally and within the region above the pre-Covid-19 pandemic levels, according to the latest detailed report on key developments and achievements recorded in the past year in the COMESA region under the market integration and physical integration […]
The European Union’s landmark Carbon Border Adjustment mechanism (CBAM) will push producers to decarbonize, yet make it harder to do so, because it is a poorly designed policy that can end up doing more harm than good, according to a latest study published by ‘African Arguments’ that also suggests that the CBAM policy could cut […]
African exports to other continents surpass the continent’s intercontinental trade, the United Nations Conference on Trade and Development (UNCTAD) has found, with Africans preferring import tariffs provided by the United States, European Union, Canada, and Japan (the “Quad nations”). Despite growing calls for increased intraregional trade, companies in Africa are taking advantage of preferential trade […]
The weak growth trajectory of Africa’s three largest economies, Egypt, Nigeria and South Africa, which together account for about 60% of Africa’s GDP, could exacerbate social unrest in the region, a report by UNCTAD, the United Nations trade body, has warned. Growth prospects in South Africa and across the continent have deteriorated, which threatens to […]
Nearly 60% of African countries remain dependent on exports of commodities despite decades-long efforts to diversify. Therefore, a shift especially to technology and financial services, among other sectors, could help them withstand economic shocks, a study recently published by the United Nations Conference on Trade and Development (UNCTAD) argues. UNCTAD’s Economic Development in Africa Report […]
Hundreds of million of people all across Africa are facing the greatest cost of living crisis in a generation due to rising food and energy prices amid rapid inflation and increasing debt, leaving the most vulnerable consumers in a dire situation, the UN trade and development body, UNCTAD, has warned. „The ripple effects of the […]
A United Nations report, issued this week, said that illicit financial flows out of Morocco amounted to about 16.6 billion dollars during the years 2013-2014. This came in a report by the United Nations Conference on Trade and Development (UNCTAD), which revealed that the African continent loses about 88.6 billion dollars annually due to […]
Secretary-general of the United Nations Conference on Trade and Development (UNCTAD), Mukhisa Kituyi, has commended Morocco’s contribution to the development of the African continent and the key role it plays in giving substance to South-South cooperation. During a virtual meeting held Wednesday in Geneva with the Group of the Non-Aligned Movement members, Kituyi praised the […]