Morocco, only country in Africa having FTA with USA, State Department Report

Morocco is the only country on the African continent with a Free Trade Agreement (FTA) with the United States, eliminating tariffs on more than 95 percent of qualifying consumer and industrial goods, says the 2022 U.S. Investment Climate Statements issued by the State Department. The North African Kingdom is planning to phase out tariffs for […]

Morocco’s central bank kicks off instant inter-bank payments

Clients of Moroccan banks can now enjoy instant transfers in real time and for free over the next three months, Morocco’s central bank said in a statement. The time-span for transfers between clients of Moroccan banks would now take no more than 20 seconds provided it is capped at 20,000 dirhams, it said. The initiative […]

Predator Oil & Gas finds gas in eastern Morocco

redator Oil & Gas Holdings said it made a significant gas discovery in the Guercif permit in eastern Morocco. The discovery was described by the British company as “another very positive step” with a best estimate recoverable prospective resources of 474 billion cubic feet. The company plans to sell the gas from the permit to […]