With European businesses bent on reducing expenses in cost-sensitive sectors, Morocco is becoming a leading provider of offshoring services, especially for the French- and Spanish-speaking markets. The kingdom has now begun emphasising nearshoring – the relocation of customer-oriented services to neighbouring countries – to spur growth and job...
The Arab Spring that began in 2011 was a wake-up call to the ruling elites across the region of their failure to deliver upon social contracts with their people. While Morocco was spared the unrest seen in neighbouring countries, the government took heed of citizen’s call for better opportunities, and implemented a series of stop-gap measures and...
Against a backdrop of global economic uncertainty, the Moroccan government is making every effort to attract investors to the country. The government’s domestic investment spending increased 2.5% in 2012 to Dh48.5bn (€4.3bn), according to the Ministry of Economy and Finance, despite a deepening budgetary deficit. However, a great emphasis is being...
Among many industry players, private equity (PE) has rapidly developed as an alternate source of funding for corporations throughout Africa, especially in the Maghreb region – and Morocco is no exception. Initially dominated by development finance institutions (DFIs), the sector is attracting an increasing number of private funds, both foreign and...
Largely spared from the wave of political unrest that swept parts of the rest of the Middle East and North Africa region in 2011, Morocco did see protests by the February 20 Movement, named after the date of its first major demonstration. However, these were small in comparison to those seen in neighbouring countries such as Tunisia and Egypt....
Over the course of 2012, growth in the Moroccan economy slowed, set back by a combination of unfavourable global economic trends, a volatile exchange rate, a hit to its primary sector, agriculture, and limited fiscal reform. Recession in the eurozone, Morocco’s primary trade partner, has made for weaker demand of the kingdom’s exports, and...
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