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North Africa Economic Outlook 2018

North Africa Economic Outlook 2018

This North Africa Economic Outlook by the African Development Bank (covering Algeria, Egypt, Libya, Mauritania, Morocco, and Tunisia) examines the macroeconomic performance of the region and the outlook for 2018 and 2019 and explores the relationship between food security and rural poverty. Included in the report are details about finance for small and medium-size enterprises. Excerpts are below.

To improve its business climate, Egypt is reducing red tape in industrial licensing, easing access to finance for small and medium-size enterprises, and improving the climate for foreign investment through its 2017 Investment Law and exchange rate flexibility policy. North Africa region have been designing and implementing strategies that encourage youth employment and entrepreneurship. Countries are undertaking labor-intensive projects and introducing incentives for small and medium-size businesses with the aim of lowering unemployment and creating wealth. 

The outlook also features smallholder farmers in detail. Women small farmers suffer from lack of access to land, credit, and technology, according to the report.