maroc chine

Senegal: Russia denies accusation of support for opposition candidate

The Russian embassy in Dakar has denied and lambasted accusations by President Macky Sall’s entourage alleging that Moscow is planning to channel funds to Ousmane Sonko, one of the serious challengers to the outgoing president in the Feb.24 elections. The Russian mission in a press statement said the allegations circulated by Head of Senegalese expatriates […]

Fitch Ratings: Morocco has Buffers against Pressure on its Finances due to Covid-19

Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]

Successful completion of perforation of Al Massira Dam, a première in Africa

Morocco has successfully completed the perforation of the Al Massira dam, with the aim of improving the drinking water supply for the residents of Marrakech. The African Development Bank (AfDB), which contrinuted to the undertaking, and Morocco’s National Office for Electricity and Drinking Water (ONEE) described the feat as a breakthrough and the first of […]