Morocco’s central bank keeps key borrowing rate unchanged at 3%, sees growth at 3.2% in 2024

Morocco’s central bank kept its key rate unchanged at 3% in a context of easing inflation and improved growth rate. Inflation is seen dropping to 6.1% this year and 2.4% next year. In 2022, drought and imported inflation propelled inflation to 6.6%. Morocco’s central bank has decided to keep its key interest rate unchanged at […]

Morocco’s Royal Navy foils drug trafficking operation, seizes 2 tons of drugs

Coast Guards of the Moroccan Royal Navy, operating in the Mediterranean, aborted, Friday, a drug trafficking operation east of Al Hoceima, says a military source. This operation led to the seizure of 53 bundles of narcotics abandoned by a go-fast boat which fled at high speed when approached by units of the Royal Navy, the […]

Sudan signs peace agreement with Darfur, Blue Nile and South Kordofan after a 17-year war

Sudan and the Sudan Revolutionary Front (SRF), a coalition of rebel groups from the western region of Darfur and the southern states of South Kordofan and Blue Nile, signed a peace deal on Monday to end 17 years of conflict. The peace agreement was signed Monday in Juba, the capital of South Sudan, which has […]