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Category: Emerging Markets
Morocco’s Central Bank keeps key rate unchanged at 3 % & expects 2.1 % Growth in 2024
Morocco’s central bank has decided to maintain the current key rate at 3 percent and expects the country’s economic growth to be limited to 2.1 ... Read More
East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis
East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to ... Read More
Côte d’Ivoire seeks OPEC membership after major oil finds
Côte d’Ivoire is in the process of meeting the criteria to join the OPEC, the country’s oil and mining minister amadou Sangafowa Coulibaly announced. This ... Read More
Rabat to host Africa Investment Forum in December
The Africa investment forum, which mobilized so far investments totaling 180 billion dollars, will hold its flagship event in Rabat on December 4-6, the African ... Read More
US looks to Africa to secure energy transition metals
Amid growing global competition for strategic minerals, the US is relying on Africa to reduce the dominance of China over resources used for electric batteries, ... Read More
Morocco’s BCP Bank posts 10.6% net banking income increase
Morocco’s second biggest lender, BCP, said its net banking income rose 10.6% to 22.8 billion dirhams in 2023. This performance is attributed to the strengthening ... Read More
Spain to hire 26,000 Moroccan truck drivers
Amid a shortage of truck and bus drivers across Europe, Spain is looking to Morocco to hire 26,000 drivers who will be allowed to use ... Read More
Ethiopia, India edge closer to defense pact
India and Ethiopia are in the final stages of finalizing a defense cooperation pact, Ethiopia’s ambassador to New Delhi said. Under the agreement, to be ... Read More
Morocco-China trade poised to further grow
Trade between Morocco and China grew by 50% from 2021 to 2022 as China becomes Morocco’s first trading partner in Asia. Mehdi Laraki, head of ... Read More
Western firms losing out to China in ‘white-gold’ rush for Africa’s lithium
European and other Western companies face losing out on sub-Saharan African lithium supply to Chinese companies whose grip on the critical mineral got even tighter ... Read More