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Morocco’s wholesale sector projects stable Q2 performance

Morocco’s wholesale trade sector anticipates steady performance in the second quarter of 2025, with 68% of wholesalers expecting stable sales volumes and 26% forecasting increases, according to the High Commission for Planning’s (HCP) latest quarterly survey. The projected stability stems from anticipated sales growth in specialized wholesale trades and industrial equipment sectors, offset by expected […]

Kenyan, Nigerian currencies tumble to new record lows against US dollar

Kenyan and Nigerian currencies have both hit all-time lows in the past few days, worsening the economic situation in the two heavily indebted African countries plagued by high inflation and ongoing dollar shortages. Kenyan currency hit all-time low of 150 shillings to the US dollar on Monday (23 October), while the Nigerian naira has faced […]

Nigeria’s state-owned oil giant launches its first drilling site in country’s north

Drilling for oil and gas began in Nigeria’s northeast this week, a first for the African oil giant, NNPC, which has exploited large deposits in the south for decades and whose production is declining. During a visit in the Kolmani field, located in Gombe and Bauchi states, to inaugurate the drilling site, Nigeria’s President Muhammadu […]