UN report: Africa, still too reliant on commodities exports, needs to diversify

Nearly 60% of African countries remain dependent on exports of commodities despite decades-long efforts to diversify. Therefore, a shift especially to technology and financial services, among other sectors, could help them withstand economic shocks, a study recently published by the United Nations Conference on Trade and Development (UNCTAD) argues. UNCTAD’s Economic Development in Africa Report […]

EBRD Prepares €350 Million in Loans for Morocco’s ONEE and ONDA

The European Bank for Reconstruction and Development is preparing two structurally significant financing operations for Moroccan public enterprises, totaling up to €350 million. The first, a €250 million loan to the National Electricity and Water Office (ONEE), is designed to support a performance improvement program for the country’s drinking water distribution network. The second, a […]

Morocco’s Central Bank Governor Receives 2 Prizes at IMF- WB Event

Abdellatif Jouahri, Governor of Morocco’s Central Bank, Bank Al Maghrib, was distinguished for the second year in a row as one of the best performing heads of central banks in the world by the IMF and the Word Bank Group. Jouahri received an A grade award in Global Finance, awarded at a ceremony on the […]