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Morocco’s Economy to Post 4.2% Growth in 2017- Central Bank

Morocco’s Central Bank, Bank Al Maghrib, forcasted a 4.2% growth rate for Moroccan economy in 2017, up from 1.2% in 2016. The positive growth rate was put forward on the backdgrop of a promising crop year following abundant rainfall, the Bank said. The bank has kept its benchmark interest rate unchanged at 2.25 percent as […]

Rwanda & Uganda Heading Towards Peace

Uganda’s President Yoweri Museveni and his Rwandan counterpart Paul Kagame have agreed on Monday to improve relations after tensions led to the closure of the main border between the two nations.   In a summit in Luanda, the Angolan capital, the two leaders also agreed to “take subsequent steps towards peace, stability, neighborliness and restoration […]

Egypt Intensifying Gas Exploration Efforts

Cairo is hoping to raise the share of its gas during a new wave of exploration in the Mediterranean following some major Israeli oil discoveries in the region. Israel confirmed on November 26 that it had discovered some visible signs of natural gas in the Mediterranean, which are in fact very close to drilling sites […]