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Africa’s economic growth in 2016 was driven by East Africa
While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).
Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
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Healthcare Property holds benefits for Africa
As Africa tries to build up a listed real estate industry, healthcare real estate investment trust (REITs) become additional attractive on the continent.
They would formalise an industry with much potential, advises Ortneil Kutama, Africa Property News Media Director.
“REITs are well structured and provide investors with tax benefits and regular gain in theory as long as they make consistent profits,” Kutama said. Nations like South Africa, Kenya, Ghana, Morocco and Nigeria, which have growing populations, improving hospitals and healthcare industries, could gain capital boost. If the hospitals in these nations were listed, investors could bring that major capital boost.
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African real estate market still standing after tough 2016
African real estate has had a tough year navigating diffcult economic conditions. Most investors on the continent remain private equity groups as opposed to long term investors or Real Estate Investment Trust ( Reit) investors.
There have as well been currency problems in the likes of Nigeria and Zimbabwe. But 2017 could be better if commodity prices rise globally.
"The continent gained traction last year, notably in the Hotel, Retail and Residential sectors. One hopes that, in 2017, there will be fewer economic and structural difficulties for African real estate," said Ortneil Kutama, Africa Property News Media Director.
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- Key Facts
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Full name: The Kingdom of Morocco
Population: 32.3 million (UN, 2011)
Area: 710,850 sq km (274,461 sq miles)
Major languages: Arabic (official), Berber, French, Spanish
Major religion: Islam
Life expectancy: 70 years (men), 75 years (women) (UN)
Monetary unit: Dirham = 100 centimes
Main exports: Minerals, seafood products, citrus fruit
GNI per capita: US $2,900 (World Bank, 2010)
Internet domain: .ma
International dialling code: +212
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Top 10 Most Attractive Investment Destinations In Africa
2017/08/20Africa’s feverish increase has decelerated in recent years and a lot of nations have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions.
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Africa's Relationship With China Is Ancient History
2017/07/02In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.
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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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Africa’s 20 most attractive countries for investors – Ernst & Young
2016/05/16Despite its economy slowing down, South Africa remains Africa’s most attractive country for investors, according to the 2016 Ernst & Young Africa Attractiveness Index.
The statement evaluates evolution made in governance, diversification, infrastructures, business enablement, human development inclunding resilience to current macroeconomic challenges.
Morocco is ranked second on the index, followed by Egypt, Kenya, Mauritius, Ghana Botswana, Tunisia and Rwanda. Cote d’Ivoire comes tenth.
Africa’s top economy, Nigeria comes 15th, mainly because of its poor performances in terms of governance and human improvment(See full ranking below).
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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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Morocco offers oasis of calm in north Africa
2014/09/14With a lot of north African nations in political and economic turmoil, Morocco’s stability and strong increase are proving attractive for Gulf-based investors looking to access the north African market.
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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.
African nations plan to issue Islamic bonds
2013/07/11Led by Morocco, a handful of African nations plan to issue Islamic bonds to finance infrastructure, build reserves and diversify their investor base
Next Zambia’s successful maiden eurobond issue last year, 2013 has looked like the year for Africa to join the emerging market deficit rush. But it is not just Western capital markets those nations are looking to. An increasing number of African nations are making provisions to issue sukuk, the Islamic equivalent of bonds, as they seek to finance their vast infrastructure requirements and diversify their investor base.
Morocco to support TPEs
2013/06/11Even though micro-enterprises make up additional 80% of the Moroccan economy, they have had little support from the government.
Morocco last month announced a national strategy to give very small businesses financial incentives and bring them into the economic mainstream. The country's prime international forum on very small businesses (FITPE) any minute at this time followed in Casablanca.
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Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
2017/07/02Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.
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Economic and trade relations between the two nations developed steadily
2015/10/01In 2013, the friendly and cooperative relations between the People's Republic of China and the Kingdom of Morocco continued to deepen.
The two nations enjoyed frequent political exchanges. In May, Vice Minister of Civil Affairs Jiang Li visited Morocco. In September, Vice Governor of Guangdong Province Deng Haiguang and member of the Foreign Policy Advisory Committee of the Chinese Foreign Ministry Ji Peiding visited Morocco respectively. President Li Xiaolin of the Chinese People's Association for Friendship with Foreign Nations and Mayor of Guangzhou Chen Jianhua attended the fourth World Congress of United Cities and Local Governments (UCLG) in Rabat, Morocco.
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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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Moroccan Prime Minister Abdelilah Benkirane
2013/03/31Moroccan Prime Minister Abdelilah Benkirane recently spoke to the press. Benkirane, who is as well chief of the Justice and Development Party, spoke about his party’s relationship with the Muslim Brotherhood and why Moroccans taking to the streets makes him uneasy.
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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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Nizar Baraka Moroccan Minister of Economic and Financial Affairs
2012/12/05A strong economic model
Moroccan Minister of Economic and Financial Affairs, Nizar Baraka, meets with Globus Vision to discuss the country’s economic strategies and its achievements in maintaining financial stability and raising levels of FDIIn the midst of a world economic crisis and political turbulence in the North African region, Morocco has proven to be an alternative for economic increase and political stability.
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Casablanca
2012/12/05Casablanca represents the prime 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, amount in phase with the expected effects of globalization phenomenon.
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Rabat
2012/12/05Rabat , is the capital and third major city of the Kingdom of Morocco with a people of approximately 650,000 (2010). It is as well the capital of the Rabat-Salé-Zemmour-Zaer region.
The city is located on the Atlantic Ocean at the mouth of the river Bou Regreg. On the facing shore of the river lies Salé, the city's major commuter town. -
Rabat
2012/12/05Rabat , is the capital and third major city of the Kingdom of Morocco with a people of approximately 650,000 (2010). It is as well the capital of the Rabat-Salé-Zemmour-Zaer region.
The city is located on the Atlantic Ocean at the mouth of the river Bou Regreg. On the facing shore of the river lies Salé, the city's major commuter town. Together with Temara the cities account for a combined metropolitan people of 1.8 million. Silting problems have diminished the Rabat's role as a port; nevertheless, Rabat and Salé still maintain significant textile, food processing and construction industries. In addition, tourism and the presence of all foreign embassies in Morocco serve to make Rabat one of the majority significant cities in the country.
Rabat is accessible by train through the ONCF system and by plane through the nearby Rabat-Salé Airport.
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HE Mr Jaafar Alj Hakim
2012/12/03Morocco, a Kingdom of more than 12 centuries old, at a crossroad of civilizations, combines its own identity with openness and modernity and with a rich religious and cultural heritage.
Under the impetus of His Majesty King Mohammed VI, the Kingdom has entered a new era of reforms and activity. Today, Morocco is evolving with determination and ambition in the new international context of the 21st century.
- Morocco News
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