Morocco eyes West Africa to boost exports.

Position:Compass: News and Views from around the World - Brief article

Moroccan exports to West African countries have grown eight fold over the last decade, as rapid development in the region drives demand for primary exports, according to a report by Arabia Monitor. Trade in 2012 was valued at $864m, up from $106m in 2002. As West Africa booms, minerals and fertilisers have been the region's largest imports. Primary products account for a sizeable chunk of Morocco's exports. Moroccan banks are also looking to benefit from the region's underdeveloped financial infrastructure, according to the report. Bank accounts per capita are among the lowest in the world, while only 3% of adults in sub-Saharan Africa have...

To continue reading