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Tripartite Free Trade Area plods along slowly in Africa
Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%.
However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations.
Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.
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Global economic gravity rapidly pulling towards Africa
The second International Conference on the Emergence of Africa (ICEA) was held in Abidjan, Côte d’Ivoire, in March 2017.
Since the initial conference in 2015 — at a time of robust economic increase on the continent — hopes for economic evolution have dimmed because of a crash in the price of commodities, volatile world financial markets and a slowdown in world increase. Before departing New York to attend the second ICEA conference, jointly organised by the World Bank, the African Development Bank and the United Nations Development Programme (UNDP), Assistant Secretary-General of the UN and chief of UNDP’s Regional Bureau for Africa Abdoulaye Mar Dieye sat down for an interview with Africa Renewal’s Kingsley Ighobor to talk about Africa’s economic development opportunities and challenges.
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How to boost private sector investment in Africa’s electricity infrastructure
A new World Bank statement has called for increased private sector investment in Africa’s under-developed electricity transmission infrastructure, a vital ingredient for reaching Africa’s energy goals.
The statement which was made available to the Ghana News Agency on Thursday by the World Bank indicated that Africa lags behind the rest of the world at the same time as it comes to electricity, with just 35 % of the people with access to power and a generation capacity of only 100 GW.
According to the statement those who do have power typically consume relatively little, face frequent outages and pay high prices.
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- Key Facts
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Casablanca is a commune, part of the Region of the Grand Casablanca. The commune is divided into 8 districts or prefectures, which are themselves divided into 16 subdivisions or arrondissements and 1 municipality. The 8 districts and their subdivisions are as follows
Aïn Chock (عين الشق)
Aïn Sebaâ - Hay Mohammadi (عين السبع الحي المحمدي)
Anfa (أنفا) - Anfa (أنفا)
Ben M'Sick (بن مسيك)
Sidi Bernoussi (سيدي برنوصي)
Al Fida - Mers Sultan (الفداء - مرس السلطان)
Hay Hassani (الحي الحسني)
Moulay Rachid (مولاي رشيد)
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Morocco Year In Review 2015
2016/01/16A strong agriculture harvest put Morocco on course to post healthy increase in 2015, while structural reforms, together with strategic diversification plans targeting key sectors and regions, are as well beginning to yield results.
Ratings agency Fitch described 2015 as a year marked by exceptionally strong agricultural output, with Morocco set to post GDP increase of 4.6%, up from 2.7% in 2014 at the same time as a poor harvest and low external request took their toll on the economy.
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Morocco Year in Review 2014
2015/02/14Morocco’s economy is estimated to have expanded by around 3% in 2014 on the back of automotive and electronics exports increasing by additional than a quarter in the initial 11 months of the year and the government reining in public spending. However, poor weather conditions weakened agricultural output, increasing the importance of food imports.
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The EU tightens control over imported Moroccan fruits and vegetables
2014/08/16A new entry price system for imported fruit and vegetables to the EU has sparked concern part Moroccan producers and policymakers in recent months.
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Morocco’s parliament is currently discussing a bill to regulate Islamic finance in the country
2014/07/11Morocco is on the cusp of a legislative breakthrough that will pave the way for a fully fledged Islamic finance system in the country. But with a history of failed Islamic banking experiments, on top of the usual problems associated with establishing a new market in a country, Morocco's Islamic banking sector is unlikely to take an instant hold.
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The Société Nationale d’Investissement
2014/01/03Stemming from the Omnium Nord-Africain created in 1919, the Société Nationale d’Investissement (the National Investment Company, or SNI in its French acronym) is a holding company, which lists the royal Moroccan family part its primary shareholders and holds long-term investments in Morocco’s biggest companies and key projects.
SNI plays a decisive role in the introduction and invigoration of various productive sectors in Morocco, particularly in large-scale distribution, agriculture and food, telecommunications and renewable energies.
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Morocco's finance minister is firm but fair
2013/10/05Morocco’s government has managed to steer the country clear of political and economic turbulence. But, as its minister of finance and the economy explains, tough choices need to be taken to keep the country firmly on the path to increase.
As the Arab Spring spread across the Middle East and north Africa in early 2011, it seemed unlikely that Morocco would be bypassed, given that it suffered from a lot of of the causes of discontent found elsewhere in the region, such as high youth unemployment and frustration at cronyism part the ruling elite. And for a while, the country was rocked by protests.
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Outlook for 2015-17
2015/08/09The country (Morocco) is situated in Northern Africa andbordering the North Atlantic Ocean and the Mediterranean Sea, between Algeria and Mauritania.
Morocco is a country with 3 worlds; the Arab world, the Jewish world and the Berber world. The majority of the population is Muslim. Morocco has an area of 446,550 square kilometers and a coastline of 1,835 kilometers.The country has a population of slightly over 32 million people according to 2013 estimates. Morocco has a sizeable community of about 1.7 million expatriates living abroad, mainly in Spain, France, and Italy.
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Florian Westphal is the chief of the German section of Doctors Without Borders
2015/08/07The 28-country European Union has told member states that expressing regret over the new migrant tragedy was no substitute for action. Some 200 migrants were feared drowned at the same time as their vessel sank off the Libyan coast.
One NGO helping to save shipwrecked migrants in the Mediterranean Sea is the medical charity Doctors Without Borders. DW has been talking to the chief of their German section, Florian Westphal.
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World standards pharma industry, public-private partnerships and the opening of capital for private clinics
2015/04/26The Government of Morocco has created a favorable environment to improve public health and ensure the next of its citizens. But there is still some way to go, particularly in areas where international partnerships and private partners stepping in could be decisive
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Younes Boumehdi
2013/01/14Who has not dreamed of owning his own music radio station, to pass his favourite music, the tunes of his childhood at the same time as amount other public radios only broadcast programmes according to a very institutional grid? Younes Boumehdi has had this dream come authentic next 13 years of waiting, to get FM license for his «Hit Radio».
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The WILAYA
2012/12/01Since 1981, Morocco has seen a new administrative division, through the boosting of large urban spaces (Casablanca, Rabat-Salé, Fès, etc.) that the legislator deemed necessary to split to better control their development, but without influencing their harmony, nor interrupting their in general development: "the Wilaya". This new supraprefectoral structure was created to play a coordination role.
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The economic capital of Morocco
2012/11/30The economic capital of Morocco, Casablanca is a prosperous and lively city. It represents Morocco's modernity and dynamism. Given its economic dimension, it constitutes a place for innovation, exchange and social transformation. It can by itself be considered as a metropolis that combines amount the other cities of Morocco.
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The City
2012/11/30Casablanca represents the first economic pole of the country, a melting pot from various regions of Morocco. Casablanca and its surrounding area have to develop within the framework of the projects traced by His Majesty King Mohammed the VIth, all in phase with the expected effects of globalization phenomenon.
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- Casablanca News
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