Al Hurra reporter Abdellah Imassi

New WB $300 million loan to support Moroccan municipalities’ performance, service delivery

The World Bank’s Board of Executive Directors has approved a $300 million loan (€271.8 million) to support the strengthening of Morocco’s municipalities, an objective that is part of the Kingdom’s broader efforts to upgrade urban services and turn urban conglomerations into engines of growth and job creation. The Municipal Performance Project aims to build capacity […]

Morocco’s open skies success offers model for African aviation

Morocco’s experience with aviation liberalization demonstrates how strategic reforms can transform air travel across Africa, according to a new analysis by Marie-Noelle Nwokolo of The Brenthurst Foundation. As the first African country to sign an Open Skies agreement with the European Union in 2006, Morocco’s bold move yielded impressive results despite initial skepticism. Passenger volumes […]

Egypt’s Central Bank Cuts Key Interest Rates by One Percentage Point

The Central Bank of Egypt (CBE), on Thursday, 25 December, announced a 100-basis-point reduction in its key interest rates, marking its fifth rate cut this year as policymakers respond to easing inflationary pressures. In a statement, the CBE said its Monetary Policy Committee lowered the deposit rate to 20 percent, the lending rate to 21 […]