Morocco lifts cap on foreign debt due to coronavirus

The Moroccan government lifted the threshold on foreign debt as it braces for dwindling foreign exchange reserves due to the impact of coronavirus on the flow of hard currency to the country. The move aims at addressing the needs in terms of foreign exchange reserves as the coronavirus repercussions are expected to hit tourism revenues, […]

Rwanda Receives 164 Refugees from Libya in Overnight UNHCR Evacuation

The United Nations High Commissioner for Refugees (UNHCR) in Rwanda announced early on Thursday that 164 refugees and asylum seekers were transferred overnight from Libya to Rwanda under an emergency evacuation arrangement. According to the agency, the latest relocation brings the total number of evacuees moved from Libya to Rwanda since 2019 to 2,924. Of […]

Morocco launches tender for $1.6 bln terminal in Casablanca airport

Morocco has officially issued an expression of interest to build a new terminal worth 1.6 billion dollars that would increase capacity at the Casablanca airport from 15 million currently to 35 million by 2029, Moroccan airports agency ONDA said. ONDA seeks bidders to build the terminal and related infrastructure as part of its 2030 expansion […]