Algeria rescue operation

Morocco’s Central Bank raises rates to 2% to fight inflation

Bank Al-Maghrib, Morocco’s central bank, decided Tuesday to increase its key interest rate by 50 basis points to 2 percent and to continue to monitor closely the economic developments, both nationally and internationally, and in particular, the evolution of inflationary pressures. The decision was made by the Bank’s Board after having analyzed the international economic […]

OCP & American BCG join forces to offer AI solutions to industrial groups in Africa

  OCP Maintenance Solutions, a subsidiary of the state-owned Moroccan phosphate group, has teamed with American Boston Consulting Group (BCG) to provide innovative solutions, integrating industrial expertise, digital and artificial intelligence (AI) to industrial groups in Africa and beyond. The two sides have sealed a partnership to combine their respective expertise in AI and data […]

Experts urge African nations to shift to local currencies for trade and transactions

Experts at a recent 57th Conference of African Ministers of Finance emphasized the need for African governments to prioritize local currencies for trade and transactions. Hanan Morsy, chief economist of the UN Economic Commission for Africa, highlighted that reducing reliance on the U.S. dollar would protect Africa’s economies from external financial shocks. Africa’s use of […]