Morocco facts of the day, Morocco is not hopeless

For decades, South Africa was the great success story of African industrialization. Last year, Morocco took the lead, emerging as the African Development Bank’s top-ranked industrial economy in Africa. In the Bank’s analysis, published in the latest edition of its industrialization index, Morocco’s growth has been “driven by sustained industrial upgrading, export diversification, and strong industrial policy.” Since the mid-2000s, it has leveraged its location and dominant phosphate reserves to get free trade agreements with the US, the EU, and fifty other countries: the Kingdom would like Morocco to be to France what Eastern Europe is to Germany, or what Mexico is to the US: an export-base “workbench.”

Having positioned itself to profit from the shift to clean energy supply, Morocco is nimbly pivoting its auto manufacturing sector to build EVs, working with incumbents like Renault and Stellantis, and is host to Africa’s first battery gigafactory. That single 70 gigawatt-hour battery factory in Casablanca is expected to supply a third of Europe’s current market. Last year, the government approved construction for a new green hydrogen industrial park, aiming to produce ammonia, steel, and industrial fuel worth a total of $32.5 billion. It has also been strategic in focusing its industrial strategy on aerospace manufacturing, with Airbus becoming a strategic partner, along with investments from Boeing, Thales, and Safran. Its aerospace exports more than tripled in the decade to 2024, to reach almost $3 billion.

Here is the full piece by Kate Mackenzie and Tim Sahay.