The King of Morocco Mohammed VI named a new government and presented the new development guidelines for the next 5 years. The 3-axis roadmap was unveiled on the sidelines of the 11th legislature’s parliamentary session.
The first point concerns the country’s sovereignty and is aimed at consolidating its position as a regional engine of growth. While talking about the security of strategic needs and supplies, Mohammed VI recalled that "unlike many other countries that have experienced significant disruption in the supply and distribution of necessities, Morocco was able to meet its needs and ensure a normal and sufficient supply of its markets.” He also announced the creation of a national integrated system for the strategic reserve of necessities including food.
The Moroccan leader secondly wants to focus on turning challenges into growth opportunities during and after the health crisis. Many observers and analysts hailed the way Morocco managed the crisis. The primary sector in the country recorded a 17% growth at a time when many countries around the world have experienced constant disruptions in their agricultural supply chains.
Other sectors such as industry and services have also performed well. Overall, Morocco’s economic growth is forecasted at 5.5% this year, while the global economic activity has been in decline. Moroccan citizens have continued to benefit from a diversified base, with prices remaining unchanged and inflation under control at around 1%.
King Mohammed VI noted that "the State has fulfilled its duty to satisfy citizens in times of health crisis," referring to the free vaccine deployment. He also urged the unvaccinated populations to get vaccinated.
The third axis concerns the new development model (NMD) and social protection. This part is aimed at accelerating economic transformation and developing human capital. The implementation of this model lies on the National Pact for Development, the King said.
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...
In the wake of rising gold prices, several mining companies are accelerating the development of new projects. In Zimbabwe, U.S.-based Namib Minerals...
Benin approves construction contract for Cotonou Cultural and Creative Quarter 12-hectare site to boost arts, cultural industries, and international...
Denmark’s UPF Group opens logistics office in Douala, Cameroon Move expands African footprint, targeting stronger regional service and reach Entry...
Agreement supports marine protection, funding access, and blue economy growth Draft law approved by ministers, now awaits parliamentary vote Togo...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...