Nigeria caps weekly cash withdrawals, Moody’s warns of ‘very high’ foreign currency risks

Nigeria’s central bank has imposed restrictions on weekly cash withdrawals to limit the use of cash as credit agency Moody’s warned that the country’s banks face tough challenges over a dollar shortage. Foreign currency risk is “very high” for Nigeria’s banking system, according to a report by Moody’s. Nigeria is one of seven countries worldwide […]

Green March Speech, a History Lesson to Algeria

The speech delivered by King Mohammed VI Monday as Morocco was celebrating the 42nd anniversary of the Green march is a masterly history lesson addressed to Algeria and to all those who believe in Algeria’s whims and propaganda. King Mohammed VI did not create facts nor did he refer to legends. He mentioned established historical […]

Morocco: Cosumar’s new sugar refinery in Saudi Arabia to start production before end of 2019

Morocco’s first sugar refinery Cosumar confirmed that production in its new refinery in Yanbu, Saudi Arabia, will start by the end of 2019, as planned. The confirmation was made by the firm’s CEO Mohammed Fikrat in a statement to the media Tuesday, in Casablanca. The establishment of the new white sugar refinery, named Durrah sugar […]