WalidP

Kenya’s economy powers ahead to overtake Angola, as Ethiopia stretches its lead

The size of Kenya’s economy will overtake that of Angola, Africa’s leading oil producer, this year even as Ethiopia stretches its lead, according to the projection presented in the International Monetary Fund’s (IMF) latest World Economic Outlook. The IMF projects Angola’s gross domestic product (GDP) to shrink during the period, hence catapulting Kenya, whose economy […]

Morocco to offer fuel subsidy to professional transporters to cushion price hikes

Morocco plans to re-introduce aid to help professional transporters mitigate the impact of a surge in fuel prices, in a u-turn in its subsidies policy. The decision was taken following a meeting between transport minister Mohamed Abdeljalil, budget minister Faouzi Lekjaa and transport professionals. Fuel is a driver of inflation and any significant surge in […]

Moody’s Raises Morocco’s Outlook from ‘Stable’ to ‘Positive’

Moody’s Ratings has revised Morocco’s “Ba1” rating outlook for its long-term foreign and local currency debt from “stable” to “positive,” according to the Ministry of Economy and Finance. In its assessment report, Moody’s emphasizes that the “positive outlook” reflects the gradual improvement in Morocco’s economic and fiscal strength, which is likely to further reinforce its […]