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Fitch rates Morocco “BB+” with stable outlook
Fitch Ratings agency has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook due to favorable debt composition, reasonably comfortable external liquidity buffers and a record of macroeconomic stability. In 2021, Morocco’s GDP growth rebounded to 7.4%, after contracting by 6.4% in 2020. “We forecast growth to decelerate to 1.1% […]
Morocco to launch Takaful insurance soon
Morocco is putting the final touches on the Takaful insurance key to a growing participatory finance triggered by real estate mainly. Speaking at a national insurance seminar, Central Bank Governor Abdellatif Jouahri said Takaful will be launched soon as the main stakeholders are working together to finalize it. A law on Takaful was approved by […]
African diplomat to be named as special envoy of the UN Secretary General in Libya – Nova reveals
The UN Security Council will reportedly appoint an African as the next special envoy of the UN Secretary General in Libya and head of the country’s U.N. political mission, UNSMIL, Italian news agency Nova has revealed citing unnamed western diplomatic sources. No names have emerged, but the news surfaced as Egypt and Russia press for […]


