Morocco's economic growth is projected to rise from 3% in 2024 to 3.6% in 2025 and 3.4% in 2026, driven by positive outcomes from structural reforms, the European Bank for Reconstruction and Development (EBRD) reported on Friday. Despite a drought impacting agriculture, expansion in manufacturing and construction bolstered the economy in 2024. Core inflation held steady at 2.5% in late 2024. Bank Al-Maghrib, North Africa’s pioneer, reduced the policy rate to 2.75% in mid-2024.
Morocco has approved the creation of a new state-backed company aimed at developing industrial zones dedicated to domestic defense production,
Algeria has canceled a major port construction deal with China and is now turning to France to modernize its maritime
Escalating hostilities between Israel and Iran over the weekend have rattled Egypt’s economy and dealt a blow to its
Morocco is ramping up investment in desalination, dams, and water transfer projects to counter prolonged drought and protect its agricultural
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