It is a new Africa. It is an Africa where development happens at the speed of light. To see all the development in action, one has to visit Morocco and witness the power of Moroccan minerals and fossils. Without these, Morocco could have been another poor, third world country mainly because it does not have fertile lands like African countries like Ethiopia, Kenya, Zimbabwe and South Africa. In simple language, mining is the lifeline of the economy. It is the chief export of the country. Proceeds are being used to develop the infrastructure and other sectors of the economy.
Mineral companies have created millions of jobs for the people of Morocco. This country has one of the lowest unemployment rates in Africa. The population of the country cannot fill all the positions. Therefore, there is the need of migrant workers. People are coming from as far as South Africa to work in Morocco. Thus, other Africans are benefiting from Morocco.
If Morocco continues developing at the rate that it is currently developing, poverty will become a thing of the past in this part of the world. It may reach a point that people in this African country may start living as people in highly developed countries like Norway and Sweden. Already, the standard of living of Morocco is pretty high.
The development of mining sector has led to the development of supporting industries. In the national and international economy, no industry exists alone. Therefore, when one industry develops, the others develop as well. When there is failure in one sector, there will be a domino effect all across the board. That is how economics works in the world.
One sector that has been positively affected by the mining sector is the real estate market. In any country, this is the sector that benefits the most from other sectors. That is because for any business activity to take place, there has to be a property that houses all the business operations. Land is a vital factor of production.
The banking and insurance sectors are developing as well. The money that is made by mining companies needs to be banked. Also, there are foreign companies that need to repatriate profits abroad. Mining also relies heavily on financing because it is a capital intensive affair. The leading banks of the world have various branches in this prosperous North African country.
Morocco is not only the land of minerals. It also has a fair share of fossils. Long before people settled in Europe and America, there were humans and animals in Morocco. That is why prehistoric fossils are being unearthed almost on a monthly basis. Morocco and the areas around it are places of great archaeological interest. They are tourist attractions.
Africa is no longer behind. It is becoming a force to reckon with. In the coming years, some African countries like Morocco will become world leaders on many fronts. Already, Morocco is the third largest producer of phosphate, after China and the USA. Other minerals produced include silver, copper and steel. Morocco succeeds not just because of having minerals but also because of a good business and political climate.
Mineral companies have created millions of jobs for the people of Morocco. This country has one of the lowest unemployment rates in Africa. The population of the country cannot fill all the positions. Therefore, there is the need of migrant workers. People are coming from as far as South Africa to work in Morocco. Thus, other Africans are benefiting from Morocco.
If Morocco continues developing at the rate that it is currently developing, poverty will become a thing of the past in this part of the world. It may reach a point that people in this African country may start living as people in highly developed countries like Norway and Sweden. Already, the standard of living of Morocco is pretty high.
The development of mining sector has led to the development of supporting industries. In the national and international economy, no industry exists alone. Therefore, when one industry develops, the others develop as well. When there is failure in one sector, there will be a domino effect all across the board. That is how economics works in the world.
One sector that has been positively affected by the mining sector is the real estate market. In any country, this is the sector that benefits the most from other sectors. That is because for any business activity to take place, there has to be a property that houses all the business operations. Land is a vital factor of production.
The banking and insurance sectors are developing as well. The money that is made by mining companies needs to be banked. Also, there are foreign companies that need to repatriate profits abroad. Mining also relies heavily on financing because it is a capital intensive affair. The leading banks of the world have various branches in this prosperous North African country.
Morocco is not only the land of minerals. It also has a fair share of fossils. Long before people settled in Europe and America, there were humans and animals in Morocco. That is why prehistoric fossils are being unearthed almost on a monthly basis. Morocco and the areas around it are places of great archaeological interest. They are tourist attractions.
Africa is no longer behind. It is becoming a force to reckon with. In the coming years, some African countries like Morocco will become world leaders on many fronts. Already, Morocco is the third largest producer of phosphate, after China and the USA. Other minerals produced include silver, copper and steel. Morocco succeeds not just because of having minerals but also because of a good business and political climate.
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Learn more about Moroccan minerals and fossils, today. You can also get more info about Maja Inc.at http://majainc.com right now.
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