China’s PLA navy increases African port calls in bid to cement Beijing’s diplomatic ties

China’s 45th naval fleet has in recent weeks visited Tanzania, Mozambique and Madagascar in what experts say is Beijing’s show of force designed to help cement the Asian powerhouse’s diplomatic ties in Africa. After the People’s Liberation Army’s (PLA) Navy stopped many of its African port visits during the Covid-19 pandemic, it has now begun […]

World Bank expects Morocco’s economy to grow by 3.1% in 2023

Morocco’s economic growth is expected to grow 3.1% in 2023 thanks to a rebound of the primary sector, says the World Bank’s in its latest report “Responding to Supply Shocks”. After a strong post-COVID-19 rebound last year, Morocco’s economy came under mounting pressure from overlapping supply shocks: a severe drought and a surge in commodity […]

Morocco’s Central Bank distinguished for anti-corruption measures

Morocco’s central bank, known as Bank Al-Maghrib, received ISO 37001 certification in recognition for its Anti-Corruption Management System. The bank has received this certification on its 60th anniversary following the audit conducted by Euro-Compliance in October 2019, Bank Al-Maghrib said in a press release. This certification will further strengthen Bank Al-Maghrib’s actions, in terms of […]