Moroccan economy shakes off Covid impact, IMF says

Morocco’s economic activity has recovered most of the ground lost during the severe global recession of 2020 with a growth rate of 6.3% last year and medium-term growth prospects of 3.5%, as the country continues its fiscal and monetary stimulus, the IMF said. Morocco has posted the highest growth rate in the MENA region in […]

U.S. suspends aid to Gabon in wake of August 30 coup, commits to support transition to democratic civilian governance

The U.S. State Department announced the suspension of foreign assistance to Gabon in reaction to the military takeover which took place on August 30 with the removal of longtime leader Ali Bongo Ondimba, but reaffirmed commitment to support the central African country in conducting a timely and durable transition to democratic civilian governance. “The United […]

Vivendi selling Maroc Telecom stakes

Stakes owned by Vivendi SA in Maroc Telecom are being sold as part of debt reduction plan by the former. The sale is estimated to generate more than $5billion. Two potential investment banks have already been contacted by Vivendi but political policies might make a deal hard to come by, the source added. Vivendi accounts […]