Ptrole Algerie

Morocco’s central bank keeps key borrowing rate unchanged at 3%, sees growth at 3.2% in 2024

Morocco’s central bank kept its key rate unchanged at 3% in a context of easing inflation and improved growth rate. Inflation is seen dropping to 6.1% this year and 2.4% next year. In 2022, drought and imported inflation propelled inflation to 6.6%. Morocco’s central bank has decided to keep its key interest rate unchanged at […]

Russia shifts its Africa strategy amid military pivot and economic setbacks

Russia is intensifying efforts to boost its presence in Africa through expanded military and economic partnerships, even as its actual investments on the continent continue to lag behind lofty geopolitical ambitions. Kremlin spokesman Dmitry Peskov confirmed this week that Russia’s presence in Africa is “growing,” with new emphasis on “sensitive areas such as defense and […]

FOPREL lauds Royal Atlantic Initiative, promotion of Sahel Countries’ access to Atlantic Ocean

The Forum of Presidents of Legislative Powers of Central America, the Caribbean and Mexico (FOPREL) lauded on Wednesday in Rabat the Royal Atlantic Initiative launched by King Mohammed VI and his move to promote access of Sahel countries to the Atlantic Ocean. Under the terms of a decision adopted unanimously following its 30th extraordinary session, […]