Remittances by Moroccans abroad hit record $10.7 bln

Remittances by Moroccans abroad hit a record 100 billion dirhams ($10.7 bln) in 2021 compared to 70 billion dirhams in 2020, offsetting losses of the tourism sector, minister delegate in charge of investments said. Remittances have contributed to the consolidation of Morocco’s international reserves which rose to 330.4 billion dirhams ($35.7 bln), enough to cover […]

Mali’s new mining code ends tax exemptions for mining companies

The Malian Mines Ministry announced on Wednesday a new mining code, under which mining companies operating in the west African nation will no longer be exempt from VAT during production and will have a shorter period of protection from fiscal changes.   The government said the new code seeks to redress the “shortcomings” of a […]

Algeria’s military suffers from Islamists fatal attack

The Algerians selected Bouteflika as their president a few days ago after he campaigned on promoting security and stability in the country. His promises are being put to the test as 14 soldiers were killed in an ambush by the Islamist militants. No group has claimed responsibility but sources have hinted that the Al-Qaeda in […]