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BADEA loans Côte d’Ivoire $75m for construction of 7,500 social houses

The Arab Bank for Economic Development in Africa (BADEA) and Cote d’Ivoire signed Monday a loan agreement worth $75 million to be used for the construction of 7,500 social and economic houses to address the housing crisis dogging the West African country. Sidi Ould Tah, Director General of the bank and Adama Coulibaly, Finance Minister […]

International drug trafficking operation thwarted at Tangier-Med port in joint DGSN-DEA operation

Morocco’s police in Tangier-Med port, in collaboration with the American Drug Enforcement Administration (DEA) thwarted on Thursday an international trafficking operation of psychotropic drugs. The police operating in the port seized 490,000 psychotropic tablets bearing “Tafradol” tags, said the General Directorate of National Security (DSGN) in a statement. The operation was conducted in the frame […]

Morocco’s Gold Potential: What Lies Beneath the Surface?

As gold prices shatter historic records on global markets — now trading durably above $5,000 per ounce — the surge is reigniting an old ambition in Morocco: unlocking the kingdom’s long-dormant auriferous potential. But how much gold does Morocco actually have, and what can it realistically produce? The current gold rally is no fleeting phenomenon. […]