Morocco announces $12.8 bln to help economy recover from Coronavirus impact

King Mohammed VI said Morocco will inject 120 billion dirhams (12.8 billion dollars) as a post-coronavirus crisis stimulus package to offer incentives and come up with solidarity measures to support businesses, especially small and medium-sized enterprises. The package represents 11% of Morocco’s GDP, “a proportion that will place Morocco at the forefront of the most […]

Sahara: Lesotho Supports UN-Led Process & Adopts “Positive Neutrality”

Lesotho has pledged to “actively support the UN-led political process” for the resolution of the Sahara issue and observe “positive neutrality” in all sub-regional, regional and international meetings. In a statement issued Friday by the Lesotho ministry of Foreign Affairs, the authorities of this English speaking African country announced their decision to “suspend all declarations […]

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 […]