Société Maghrébine de Monétique

Morocco’s phosphates sales up 81% by July

Morocco’s trade balance continues to benefit from higher prices of phosphates and derivatives with sales up 81% to 68.7 billion dirhams by July, the foreign exchange office said. Morocco, which has the world’s largest phosphates reserves, has positioned itself as a major fertilizer producer expanding its market share in the wake of the export restrictions […]

AU: 2nd Report of King Mohammed VI on Setting up African Migration Observatory in Morocco

Head of Govt. Saad Eddine El Othmani presented, on Monday at the 33rd African Union Summit hosted by Addis Ababa, the 2nd report elaborated by King Mohammed VI on the setting up of the African Migration Observatory in Morocco. In this report, King Mohammed VI, AU leader on migration issues, views migration as a driver […]

Niamey abandons Algeria-Niger pipeline

Niger has lost interest in the stalling trans-Saharan gas pipeline that was planned to link Nigeria to Algeria. Media reports said Niger stopped studies for the project that took decades with no progress so far. The decision takes place amid deteriorating political ties with Algeria, who is accused by Niger and its other Sahel allies, […]