Experts urge African nations to shift to local currencies for trade and transactions

Experts at a recent 57th Conference of African Ministers of Finance emphasized the need for African governments to prioritize local currencies for trade and transactions. Hanan Morsy, chief economist of the UN Economic Commission for Africa, highlighted that reducing reliance on the U.S. dollar would protect Africa’s economies from external financial shocks. Africa’s use of […]

Nador West Med to drive growth in eastern region

Nador West Med port, to be operational by the fourth quarter this year, is positioned as a sequel to the Tanger Med success on the country’s Mediterranean coast that is poised to boost growth, jobs and attract investment. King Mohammed VI chaired a meeting on January 28 on the port and urged efforts to make […]

New commercial maritime route to connect Agadir, Dakar

A new commercial maritime route, operated by Atlas Marine Group, will connect Morocco’s Agadir to Senegal’s Dakar. The new maritime link is meant to optimize freight transport and meet the logistical challenges related to overland routes. The new route will facilitate the flow of trade between Morocco and West African countries by reducing transport costs […]