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AfDB loans Morocco €100 million in support of infrastructure projects

The African Development Bank (AfDB) approved a €100 million loan for the Municipal Equipment Fund (FEC) to finance new investment and public infrastructure projects in Morocco. These projects will help improve the quality of public services, especially in rural areas as well as spur revenue generating activities, according to an AfDB press release. “We are […]

Morocco’s economy to contract by 1.8% in the second quarter

Morocco’s gross domestic product is set to recede in the second quarter by 1.8% as the coronavirus and the measures relating to it halted most of services and hit sectors that are vital to foreign currency revenues, the high commission for planning HCP said. The economy is expected to grow only by 1.1% in the […]

Rwanda’s Kagame set to extend his 24-year-long presidency in Monday election

As Rwandans go to the polls on Monday July 15 to elect a President, the incumbent Paul Kagame is expected to win a fourth term in office, as he is running virtually unopposed after three decades in power in the eastern African nation. The 66-year-old Kagame led the rebel movement that ended 1994 genocide in […]