Morocco, second largest industrial powerhouse in Africa- AfDB

Image from Northafricapost

The African Development Bank AfDB ranked Morocco the second largest industrial country in the African continent with a narrow margin behind South Africa.

Moroccan industrial exports accounted for 21% of Africa’s manufactured exports, widening the gaps with North African peers such as Egypt and Tunisia.

Morocco has developed in the previous decade the industrial acceleration plan which consisted in encouraging investors and local suppliers.

The automotive sector, in particular, had topped Morocco’s industrial exports over the past few years totaling 111 billion dirhams last year, up 33%.

Algeria made it to the 11th place underscoring the country’s dependence on hydrocarbons exports and its failure to diversify the economy.

Laws & Regulations
• Egypt’s tax-free car import initiative generates $... 03-20
• Resource curse: more Africa countries could benefi... 01-16
• Morocco Announces Cigarette Price Hike for 2024 as... 12-27
• Nigeria wins appeal in landmark ruling against Pro... 11-16
• Togo, Benin slash telecommunication charges 10-24
• Egypt adopts new strategy to increase industry’s c... 10-05

Trade Shows
• African Energy Week (AEW) 2024: Date Set 10-12
• Cityscape Egypt 2023 expo kicks off on Tuesday wit... 09-19
• Cotonou to host first Auto Moto Show on October 12... 06-27
• Ministerial Forum a top feature at Big 5 Construct... 05-17
• THE BUILD&DECOR EXPO 05-06
• SIAM: Moroccan, International Companies Showcase I... 05-03