President Bola Tinubu has declared a state of emergency in Nigeria’s oil-producing Rivers State, suspending the governor, deputy governor, and all state lawmakers amid escalating security concerns and political upheaval. The dramatic intervention follows reports of militant attacks on critical oil infrastructure in the strategically vital region. In a televised national address, Tinubu cited “disturbing […]
Fitch Ratings agency has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook due to favorable debt composition, reasonably comfortable external liquidity buffers and a record of macroeconomic stability. In 2021, Morocco’s GDP growth rebounded to 7.4%, after contracting by 6.4% in 2020. “We forecast growth to decelerate to 1.1% […]
Several African and Arab countries have sounded the alarm over the dire food situation and risk of famine in Sudan. Morocco’s Permanent Mission to the UN in Geneva said that Morocco, the United Arab Emirates, Jordan, Mauritania, Chad, Comoros Islands, Guinea Bissau, Seychelles, Senegal, Benin, Kenya, Sierra Leone, Uganda, Mozambique, and Nigeria had expressed, in […]
