NARCO ANALYSIS: Morocco Open for Business...but...

Wednesday, September 15, 2021

By Geoff D. Porter

On 10 September, Morocco’s King Mohamed VI appointed businessman and former Minister of Agriculture Aziz Akhannouch to form a government after the 8 September legislative election.

Akhannouch is still forming a government, but given his profile (and his wife’s own business interests,) there is no doubt that he wants to introduce policies that will generate strong industrial activity as well as robust consumer spending.

But Akhannouch’s appointment as prime minister poses some problems for due diligence (especially PEP issues,) the potential for a more uneven commercial playing field, and the decreased likelihood of subsidy reform.

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