Morocco

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Covid-19 and the resulting fall in oil prices and demand has helped to accelerate a global shift towards renewable energy. While a number of sub-Saharan African countries continue to rely heavily on fossil fuels, the region is expected to benefit from the growing market for minerals central to this shift.

The Maghreb – which principally comprises Algeria, Libya, Mauritania, Morocco and Tunisia – has been hard hit by the coronavirus, but the pandemic has also sparked innovation and driven changes in the region that many hope will outlast Covid-19.

Morocco received praise from the EU at the end of April for its quick, effective and coordinated response to the coronavirus pandemic.

A l’heure où le bilan monte à son tour au Maroc, comptant au mercredi 8 avril 1275 cas confirmés, pour 97 patients guéris contre 93 décès, le secteur industriel se mobilise pour répondre au besoin croissant en produits sanitaires.

 

In recent years Morocco's foreign policy objectives have focused on spearheading intra-African cooperation, combating extremism and positioning itself at the centre of Europe-Africa relations. On these three and other fronts, the kingdom made notable progress in 2019.

 

What is the potential for growth across the African continent for Moroccan banks?

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