hydropower plant

South Africa’s unemployment rate surges to 33.5% in H1 2024

South Africa’s official unemployment rate rose to 33.5% in the first half this year as the economic outlook worsens. The country, once Africa’s largest economy, has failed to curb inequalities amid widespread criminality and infrastructure bottlenecks. Unemployment in South Africa is now one of the highest globally and has exceeded Covid-19 levels, when a lockdown […]

Casablanca stock exchange launches charm offensive to encourage listing

The Casablanca stock exchange has launched a campaign to encourage SMEs to issue initial public offerings to enable them to access equity funding in an economy dominated by bank financing. Head of the Casablanca stock exchange highlighted to the media the attractiveness of the bourse where he said there is a high demand from investors. […]

Morocco’s Omar Hilale appointed co-facilitator of Process of Strengthening UN Human Rights Treaty Body System

Morocco’s permanent ambassador to the UN in New York, Omar Hilale, was selected to co-chair the process of strengthening UN bodies that oversee human rights treaties.   President of the UN General Assembly, Tijjani Muhammad-Bande, appointed, on Wednesday, Morocco’s permanent representative in New York, ambassador Omar Hilale, as co-facilitator, along with the ambassador of Switzerland […]