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Economy: Fitch affirms Morocco’s ‘BB+, stable outlook

Fitch Ratings has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a stable outlook. Morocco’s ‘BB+’ ratings reflect sound macroeconomic policies, strong official creditor support, favorable debt profile and comfortable international liquidity buffers, explained the agency in a commentary published on its official website. Fitch indicated that Real GDP growth was stable […]

Morocco moves toward decentralized energy production, with new self-production law

Morocco has taken a significant step toward energy autonomy with the adoption of a law regulating electricity self-production. The law, approved by the cabinet on October 23, aims to decentralize power generation and strengthen the kingdom’s energy resilience amid rising demand and slowing renewable output. The move comes as Morocco faces mounting energy pressures. National […]

Chad’s ruling party secures two-thirds majority in legislative vote

Chad’s ruling Patriotic Salvation Movement has claimed a decisive victory in last month’s parliamentary election, winning 124 of 188 seats and bolstering President Mahamat Idriss Deby’s hold on power. Provisional results announced on Sunday reveal that around half the electorate participated in the December 29 vote, which also included municipal and regional contests. This marks […]