CAF Ahmad Ahmad

S&P upgrades Morocco’s rating to stable

S&P Global Ratings agency maintained Morocco’s ratings at BBB-/A-3 while upgrading its outlook from negative to stable. The stable outlook reflects expectation that fiscal consolidation will continue over the next few years, which will help stabilize debt. “We could raise the rating if budgetary consolidation prospects materially improve or the ongoing transition toward a more […]

Did the U.S. (almost) change its policy towards Western Sahara?

The United States has for years voiced support to the settlement of the Western Sahara in the context of the United Nations and when in 2007 Morocco proposed a plan providing to grant a large autonomy to the disputed territory, Washington has expressed in unequivocal terms backing to the Plan and subsequently to the Moroccan […]

At least 23 killed in a new road accident in Senegal

At least 23 people were killed Wednesday July 26 in a road accident near the Senegalese city of Louga (north), after a transportation bus carrying 72 crashed into three, reports say. 22 passengers died on the spot while the 23rd was pronounced dead at hospital. Around 50 people were injured in the tragedy. The accident […]