The Royal Armed Forces conducted an operation that foiled an Algerian plan to establish a polisario separatist military presence in the southernmost tip of the Sahara, Guergarat, capturing 6 Algerian military officers and several polisario fighters. The news is relayed by Assabah daily which says that the Moroccan Armed Forces (known by the French acronym […]
The International Monetary Fund’s executive board has rubber-stamped a $271 million Extended Credit Facility meant to address the country’s protracted balance of payments needs, rebuild external buffers and support the government’s reform agenda. The Washington-based financial bilateral lender will disburse $62.6 million immediately. The loan is Burundi’s first Upper Credit Tranche-quality arrangement with the IMF […]
The next step in the expansion of Morocco’s automotive sector is the setting up of an electric vehicle battery plant to build on existing raw material and meet a rising demand in the domestic and international market, industry minister Ryad Mezzour said. The ministry is negotiating with several manufacturers the setting up of such a […]
