Two mudslides in southern Ethiopia left at least 230 people dead, following heavy rain as chances thin to find survivors. Most deaths were caused by the first landslide, followed by a second that killed people who were trying to rescue survivors, local media reported. Landslides are common during Ethiopia’s rainy season, which started in July […]
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 […]
The Polish LUG group, one of the leading European manufacturers of professional lighting solutions, inaugurated this Monday in Laayoune, its Moroccan branch dubbed “LUG Maroc”. “The opening of this branch in Laayoune reflects our firm belief that Morocco is among the strategic priorities of our group,” said the president of the Polish lighting giant, Ryszard […]
