Hamid Chabar

Africa’s twin drain: climate disasters and illicit fund transfers erode infrastructure and growth

Africa is losing billions each year to twin economic threats: climate-induced natural disasters and illicit financial flows, a new series of reports reveal. According to a new report by the Coalition for Disaster Resilient Infrastructure (CDRI), natural disasters inflict $12.7 billion in annual damage to infrastructure across the continent. Floods alone account for nearly 69% […]

AfDB approves $70 Million risk-sharing agreement with Morocco’s BCP to develop foreign trade

The African Development Bank (AfDB) has approved a $70 million risk-sharing agreement with Morocco’s Banque Centrale Populaire (BCP) to develop foreign trade. This agreement is the second with BCP and is part of a program entitled “50/50 risk-sharing agreement for Morocco’s Banque Centrale Populaire”. It takes place in a context of tightening capital adequacy and […]

EU carbon tax, a chance for Moroccan industry to boost competitiveness- Minister

The EU’s carbon tax, agreed recently, is a chance for Moroccan industry operators to enhance their competitiveness. “We should not look at this measure as a burden on our industries. It is rather an advantage to overcome competition,” Minister of Industry and trade Ryad Mezzour told local media le360. EU governments reached a deal over […]