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Fitch Ratings highlights resilience of Moroccan banks
Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis caused a 6.3 pc Moroccan GDP contraction in 2020, the worst contraction in 25 years. “The banks’ asset quality and profitability weakened noticeably in 2020. Nonetheless, their credit profiles were […]
Algeria kills two, injures 9 Sahrawi protesters near Tindouf
Two Sahrawi gold prospectors were killed in the desert near Tindouf and nine others were injured by the Algerian army, triggering protests in the area. The Algerian army imposes a siege on the Tindouf camps where thousands of Sahrawis have been held against their will for decades. Many disenchanted Sahrawi youth have been shot before […]
Dakhla Atlantic mega project to foster Morocco’s role as continental, international economic crossroads – Jeune Afrique
With the Dakhla Atlantic “mega project”, Morocco is pursuing its port construction policy in order to “foster its role as a continental and international economic crossroads”, writes the pan-African magazine “Jeune Afrique” on Saturday. On its Atlantic coast, Morocco, after the ports of Mohammedia, Casablanca, Jorf Lasfar and the new port of Safi, among others, […]



