Maghreb Edition

Morocco: Inflation exceeds 8%, unions protest economic hardship, defy government’s ban on marchesF

Posted On 20 February 2023

Number of times this article was read : 926
The North Africa Journal's WhatsApp Group

The North Africa Journal’s WhatsApp Group

Moroccan trade union activists protested Sunday in the capital Rabat and other cities to denounce surging costs of food and fuel, defying a government ban against marches. Protesters from the Democratic Labour Confederation (CDT) staged rallies outside their offices in Rabat and Casablanca as well as other cities “following the decision of the authorities to ban marches”, senior CDT member Rajae Kassab said.

Morocco banned marches due to a “health state of emergency” put in place during the Covid-19 pandemic and still in force, according to a letter from the interior ministry to CDT, which was seen by AFP. In Rabat, several dozen demonstrators surrounded by police officers chanted slogans against “the deterioration of purchasing power”. “We came… to alert officials to the tense social situation,” CDT official Rachid Lemhares told AFP.

Morocco has seen months of rising prices and growing calls for caps on energy firms’ profits. Soaring costs of food in recent days have provoked stiff criticism from trade unions, the opposition and the media. Inflation peaked at 8.3 percent at the end of 2022, fuelled by the effects of the war in Ukraine and shifts in global supply chains, according to the World Bank.

Rabat has blamed recent price increases on speculation on basic goods, and government spokesman Mustapha Baitas on Thursday announced the seizure of 192 tonnes of such products. Prime Minister Aziz Akhannouch has promised to “strengthen market control” and lower prices in the coming days, and subsidies have been issued for basic necessities such as petrol, gas and flour.

AFP

Subscribe to Urgent Notifications and Newsletter

Most Recent Stories from the Region

Global Energy Markets Jolt as Iran War Disrupts Gulf Oil FlowsF

Oil prices surged toward $119 per barrel as the conflict involving Iran disrupted tanker traffic through the Persian Gulf, forcing several Gulf producers to reduce output and pushing governments to consider emergency energy measures. Saudi Arabia joined Iraq, Kuwait, Qatar, and the UAE in cutting production as shipments stalled and storage capacity tightened. With hundreds of tankers idling near the Strait of Hormuz and major shipping insurers suspending coverage, the crisis is rapidly evolving from a regional military conflict into a global energy shock.

Energy Markets Are Reacting to Iran, But Not Panicking Yet

Energy markets often react before the rest of the economy when geopolitical crises erupt. Oil has surged toward $90 per barrel as traders price the risk of disruption around the Strait of Hormuz, while European natural gas remains relatively calm but structurally exposed through LNG shipping routes. Together, the charts suggest markets are pricing risk, not yet a supply shock, as the conflict involving Iran enters its early phase.

Trump Sends Controversial Envoy to South Africa at a Diplomatic Low Point$

Leo Brent Bozell III has arrived in Pretoria as the new U.S. ambassador to South Africa, stepping into one of the most strained periods in bilateral relations in recent years. His appointment, amid disputes over Israel, Afrikaner rights allegations, and diplomatic expulsions, reflects a politically charged moment that could redefine the trajectory of U.S.–South Africa ties.

Written by The North Africa Journal

The North Africa Journal is a leading English-language publication focused on North Africa. The Journal covers primarily the Maghreb region and expands its general coverage to the Sahel, Egypt, and beyond, when events in those regions affect the broader North Africa geography. The Journal does not have any affiliation with any institution and has been independent since its founding in 1996. Our position is to always bring our best analysis of events affecting the region, and remain as neutral as humanly possible. Our coverage is not limited to one single topic, but ranges from economic and political affairs, to security, defense, social and environmental issues. We rely on our full staff analysts and editors to bring you best-in-class analysis. We also work with sister company MEA Risk LLC, to leverage the presence on the ground of a solid network of contributors and experts. Information on MEA Risk can be found at www.MEA-Risk.com.