Morocco’s Spending on Cooking Gas, Sugar Subsidies Hits $700 million

Morocco’s spending on cooking gas and sugar subsidies rose sharply to nearly $700 million in the first half of 2017, compared to $481 million in 2016, the subsidy fund, Caisse de Compensation, said. During the first half of 2017, spending on cooking gas increased 70 percent year-on-year from $310 million to $525 million, while spending […]

AfDB expects Morocco’s growth to reach 3.5% in 2024 & 3.8% in 2025

Morocco’s economic growth is expected to reach 3.5 pc in 2024 and 3.8% in 2025, driven by higher investment, according to latest projections released by the African Development Bank. In its African Economic Outlook 2024 report, the Bank said inflation is projected to fall slightly to 4.1% in 2024 and 3.8% in 2025, as world […]

Africa urged to stop selling land, forests on ‘depreciated’ carbon credit market — AFC report

African countries must stop selling land on “depreciated” carbon credit market, and instead the continent should strive to become the global centre for high-value, high-integrity carbon credits, according to a new report from the Africa Finance Corporation (AFC). Released at COP28 by the Nigeria-based AFC, the positioning paper warns that at a critical moment in […]