Morocco’s central bank cut the key interest rate from 2% to 1.5% to shore up the economy and reduced the reserve requirement for banks to 0% to release more liquidity. The Bank revised downwards its forecasts for 2020 to -5.2%, the lowest rate since 1996, compared with 2.5% in 2019, as the coronavirus impact and […]
Morocco’s police in Tangier-Med port, in collaboration with the American Drug Enforcement Administration (DEA) thwarted on Thursday an international trafficking operation of psychotropic drugs. The police operating in the port seized 490,000 psychotropic tablets bearing “Tafradol” tags, said the General Directorate of National Security (DSGN) in a statement. The operation was conducted in the frame […]
African venture results have declined in recent quarters, echoing the trends in other startup regions around the world, but with $1.1 billion raised in the first half of 2023, Africa’s startup ecosystem shows resilience in the face of the global venture capital (VC) funding downturn. Despite VC funding slowly retreating from the African market this […]
