The biggest listed North African companies enjoyed strong gains compared to 2020. The top three are based in Morocco and listed on the dynamic Casablanca Stock Exchange, where the MASI Free Float Index climbed 22% and the Dirham currency gained 11% against the dollar. Tackling high unemployment, especially for young people, remains a challenge. Covid-19 had a severe impact on Egypt but the country managed to keep economic growth at 3.6% in 2020 and the momentum will continue with forecast 3% growth in 2021 and 4.9% in 2022. SOURCE: AFRICAN BUSINESS MAGAZINE

Source: The North Africa Journal May 13, 2021 08:48 UTC