Africa Economy

The Moroccan executive branch consists of the monarch, who is the head of state, and a government – the head of which is appointed by the king but must be led by the party that gained the most votes in the most recent legislative elections. The government has to command a majority in the lower house of Parliament and currently consists of a...

A number of key developments in Morocco are expected to support economic growth in coming years. A rapidly improving business environment and infrastructural base, the gradual liberalisation of the local currency and increased investment into export-oriented industries are all set to raise living standards and drive the emergence of a large...

Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volume grew by 4.7% in 2017 and is expected to have moderated slightly to 4.4% in 2018 and dip to 4% in 2019. Although this means growth will fall below the 4.8% average seen since...

Looking to diversify trade relations outside its traditional area of focus, Morocco has taken steps to deepen its relationship with the continent in general. Moroccan trade with Africa was worth Dh37.3bn (€3.35bn) in 2017, according to latest full year data from the Office des Changes, equivalent to 5.4% of the value of the kingdom’s total...

A number of factors have helped to push inward investment into Morocco upward. However, officials are interested in continuing the trend by promoting regulatory reform and increasing the country’s position on key global rankings.

Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation, trade volume grew by 4.7% in 2017 and is expected to have moderated slightly to 4.4% in 2018 and dip to 4% in 2019. Although growth will fall below the 4.8% average seen since 1990, it is still...