hotels

Morocco’s Banks Invested over $1.8 Bln in African Countries

Moroccan banks have invested more than $1.8 billion in 25 African countries between 2007-2017, says a report released by the Moroccan ministry of economy & finance. These investments represent 52.2 pc of total Moroccan funds injected in Africa. Over 16.4 pc of the Moroccan investments were made in the telecom sector, 12.3 pc in industry […]

Libya: Obama promises support to future unity government

US President Barack Obama Monday admitted the western coalition made a mistake intervening in Libya as the aftermath left the country with no leadership. Obama indicated that no one could predict the removal the former tyrant ruler Gaddafi could pit the country into chaos and the leave it at the mercy of terrorist organisations. “Even […]

S&P revises Morocco’s outlook to positive

Credit rating agency Standard & Poor’s revised Morocco’s outlook to positive BB+/B thanks to social, economic, and budgetary reforms. With the new rating, Morocco edges closer to retrieve its investment grade, lost during the Covid-19 pandemic. “Morocco’s economy has proven resilient in the face of multiple shocks over the past five years, and maintained access […]