Fitch Solutions expect Morocco’s central bank to cut benchmark rate to 2.25% in H2

Morocco’s central bank is expected to take more monetary easing steps in the second half of this year by cutting the benchmark rate to 2.25% from 2.75% currently, Fitch Solutions said. “We forecast that BAM will cut its policy rate in another two steps of 25bps in September and December 2024, to 2.25% by end-year […]

Libya: GNU opposes suspension of foreign minister by Presidential Council

The Government of National Unity (GNU), the interim Libyan government, has opposed the decision by the Presidential Council (PC) to suspend the country’s top diplomat Najla Mangoush and refer her for investigation, arguing that the PC has attacked outside its mandate per Libyan Political Dialogue Forum (LPDF). The PC Saturday banned Mangoush from traveling outside […]

Parliament Clears the Way for Morocco’s Return to AU

The Moroccan House of representatives unanimously adopted the constitutive act of the African Union clearing the way for the Kingdom’s return to the African Union. The adoption of the constitutive act by the Moroccan parliament paves the institutional way for Morocco’s return to the pan-African organization in line with the King’s vision in favor of […]