Africa Economy

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Gabon is located on the Gulf of Guinea, surrounded by low- and lower-middle income countries, but the country’s sizable oil resources and limited population have positioned it as one of six upper-middle income countries in sub-Saharan Africa.

Established in 1994 through a treaty signed by Gabon and five neighbouring states – Cameroon, Central African Republic, Chad, Equatorial Guinea and the Republic of Congo (Congo-Brazzaville) – the Economic Community of Central African States (Communauté Économique et Monétaire de l'Afrique Centrale, CEMAC) regional economic bloc was created as a successor to the Central...

 

Part of the western-most region of North Africa, Morocco is known as Al Maghreb, “the West”, in Arabic. The only monarchy in North Africa, Morocco contains a blend of Arab, African, indigenous Berber and European cultures. The kingdom has long maintained close diplomatic, economic and cultural ties to Europe that it continues to deepen...

 

The past few years have seen Morocco undergo some significant changes, yet the kingdom has maintained its tradition of social and political stability even amidst broader turmoil. The 10-year anniversary of King Mohammed VI’s ascension to the throne in 2009 offered Morocco the chance to take stock of its political evolution over the past decade...

 

For many countries in North Africa, 2013 was not an easy year, with continuing volatility at home and underwhelming growth in Europe, its primary trade partner. Morocco, however, was very much an exception. The country rebounded from a more modest performance in 2012 to deliver 4.4% GDP growth, with the economy bolstered by a return to form in...

Historically referred to as the land behind the beyond, or the land at the end of the world, Morocco has long capitalised on its location between Europe, the Middle East and Africa. The kingdom has in recent years begun to try to position itself as a gateway to West Africa, strengthening bilateral ties with countries such as Gabon and Côte d’Ivoire, but there is a more...

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