Late rainfall is auguring ill for this year’s crop year in Morocco amid a depletion of water dam filling rate to worrying levels. Last year Morocco had an exceptional cereals harvest of 13.5 million tons and exports of agri-food products rose 9.2% to 69 billion dirhams. This year however farmers are ringing the alarm bell […]
Barrick Gold’s CEO Mark Bristow has said operations at its shuttered Loulo-Gounkoto mine in Mali will restart once the country’s junta authorities allow it to resume gold shipments. Operations at the site were halted in January 2024 after the Malian government blocked gold shipments and seized approximately $245 million worth of gold. Bristow emphasized that […]
Islamic banking products in Morocco could expand their deposit bases by 5 to 10 pc, says Fitch Ratings, noting that the ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding. “We expect growth of participation banks in Morocco will be high initially, as […]
