Following a slowdown in 2016, Morocco's real GDP growth rate bounced back and reached 4% year-on-year in 2017. Over the medium term, Morocco’s economic outlook should improve provided the government remains committed to implementing deep and comprehensive reforms. The Moroccan government's commitment to expanding international trade and striking further free trade agreements has seen a reduction in tariff and non-tariff barriers. More
South Africa, well known for its precious metals and agricultural products like fruit and wines, has transformed from an agriculture- and mining-dominated economy into a sophisticated manufacturing- and services-based economy. To pave way for long-term economic growth, the government has launched the National Development Plan 2030 with state-led infrastructure and industrial investment as the main policy tools to drive employment and economic growth. More
Hong Kong public infrastructure expertise is set to play a pivotal role in Central Africa following the signing of a memorandum of understanding between the government of the Republic of Chad and Hong Kong’s Hsin Chong Group.