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Morocco: Construction works of a new 1,000-bed capacity hospital launched by King Mohammed VI

King Mohammed VI on Thursday launched, in Rabat, the construction works of the new Ibn Sina University Hospital Center, a futuristic project that will strengthen the Kingdom’s health offer with an over 1,000-bed capacity. This socially impacting project, requiring an investment of more than 6 billion dirhams, is part of a global vision to strengthen […]

Africa: A 4% growth rate in 2023, outpacing IMF’s global forecast — AfDB report

The African Development Bank predicts the continent’s growth will be stronger-than-expected at 4% this year. Its cautiously optimistic economic outlook is partly based on the expectation that China will continue to re-open after three years of strict Covid-19 policies “Despite the confluence of multiple shocks, growth across all five African regions was positive in 2022- […]

Morocco receives $275 million in Solidarity Fund against catastrophic events

A parametric insurance pool, facilitated by reinsurance broker Gallagher Re, paid out $275 million to Morocco’s Solidarity Fund against Catastrophic Events (FSEC), responding to the 7-magnitude earthquake that rattled Al-Haouz region on September 8, 2023, Middle East Insurance Review reported earlier this month. The insurance broker confirmed last year that it was in touch with […]