Heavy rainfall boosts Morocco’s dam filling rate to 54%

Morocco’s national dam filling rate rose to 54% on Jan. 27 as sustained rainfall pushed total water reserves to 9.049 billion cubic meters, nearly doubling year-on-year, according to official data published Tuesday. The current stock compares with 4.667 billion m³ a year earlier, when the filling rate stood at 27.7%, marking a 93.8% increase in […]

Morocco lifts cap on foreign debt due to coronavirus

The Moroccan government lifted the threshold on foreign debt as it braces for dwindling foreign exchange reserves due to the impact of coronavirus on the flow of hard currency to the country. The move aims at addressing the needs in terms of foreign exchange reserves as the coronavirus repercussions are expected to hit tourism revenues, […]

Moroccan King’s roadmap for genuine African investment industry

King Mohammed VI has laid out his vision to spur a genuine African investment industry that can guarantee massive, sustainable mobilization of capital and ensure effective integration into financial markets. In a message addressed Monday to the conference of Africa Sovereign Investors Forum “ASIF” convened in Rabat, the Monarch said sovereign wealth and strategic investment […]