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East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis

East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]

King Mohammed VI, Advocate of Palestinian Cause Within “Board of Peace”

President Donald Trump launched this Thursday the “Board of Peace” with a signing ceremony at the World Economic Forum in Davos, in the presence of representatives of several countries including Moroccan foreign minister Bourita who signed the Board’s Charter with Mr. Trump. The Board of Peace is tasked with rebuilding Gaza and resolving global conflicts. […]

Egyptian Company Edita to Set up Factory in Morocco

Edita Food Industries SAE (EFID) has announced plans to set up snack food factory in Morocco. Edita, which has teamed up with Dislog Group in Morocco, seeks to reinforce its expansion plans and strengthen its position in the snacks market. Last December, Edita’s chairman and CEO Hani Berzi said that commercial operations will begin in […]