NewsNorth Africa

Fri,19Jan2018

North Africa

Morocco looks for smooth transition to more flexible exchange-rate system

 A camel vendor walks near the shadows of tourists riding camels, in Merzouga, Morocco along what is called the route of a thousand kasbahs in the Atlas Mountains, March 5, 2017. Photo: Abdeljalil Bounhar/AP/SIPAMorocco's introduction of a more flexible exchange-rate system from Monday could result in only a slight depreciation in the short term, analysts and bankers said, but the dirham could become more vulnerable if commodity prices rise.

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Algeria bans imports of cell phones, veg and other goods to curb trade deficit

Men play chess in the Casbah of Algiers Friday Nov 10, 2017. Photo: Anis Belghoul/AP/SIPAAlgeria has temporarily banned the import of 900 products including cell phones, household appliances and vegetables in a bid to cut a ballooning import bill following a fall in energy earnings, according to an official document seen by Reuters.

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Morocco: Industry, Walking with both legs

The great expanse of solar mirrors at Noor near Ouarzazate harness the sun in the desert - Credits: BENOIT DOPPAGNE/AFP
Morocco’s industrial development shows that with a joined-up state and private sector, developing economies can grow manufacturing jobs

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Morrocco: The joined-up kingdom

Tramway of Rabat-Salé - Credits: Baptiste de Ville d’Avray
While other African nations struggle with the cycle of commodity dependence, Morocco has trod a steady growth path underpinned by strong state structures. Now it must build on this foundation, investing in education and sharing the wealth

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Interview: Tariq Sijilmassi, Chief executive, Crédit Agricole du Maroc

V.Fournier/Jeune AfriqueCapitalising on its strong results, state-owned Moroccan bank Crédit Agricole du Maroc is preparing to go public and expand into Africa

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Egypt's jewel of the Red Sea

David Silverman/Getty ImagesLow-rise and low-key, Dahab, on the southern tip of the Sinai Peninsula, is the perfect base for diving or a mountain trek

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