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AfDB boosts Mauritania support portfolio from $147m to $659m

The African Development Bank (AfDB) has significantly increased its financial commitments to Mauritania, with its investment portfolio rising from $147 million to $659 million over the past three years. The $512 million expansion reflects a more than fourfold increase in support and underscores a deepening partnership between the AfDB and Mauritania. The funding is directed […]

Dakhla International Film Festival: Moroccan ‘Annatto’ Wins Grand Prix

The feature film “Annatto” by Moroccan director and screenwriter Fatima Ali Boubekdi won the Grand Prix of the 10th Dakhla International Film Festival, which wrapped up Sunday. The Jury Prize of this festival was awarded to “Night of the kings” by director Philippe Lacôte from Côte d’Ivoire. The Award for best female performance went to […]

Fitch Solutions expect Morocco’s central bank to cut benchmark rate to 2.25% in H2

Morocco’s central bank is expected to take more monetary easing steps in the second half of this year by cutting the benchmark rate to 2.25% from 2.75% currently, Fitch Solutions said. “We forecast that BAM will cut its policy rate in another two steps of 25bps in September and December 2024, to 2.25% by end-year […]