Ghana signed a memorandum of understanding with bilateral creditors, including France and China, to restructure $5.4 billion worth of debt. The deal was seen as a prerequisite for unlocking $360 million from the IMF under a $3 billion bailout program next month. Ghana was the second African country to default on its debt following Zambia […]
Morocco is modernizing and expanding its airports to accommodate a growing air traffic and travelers as the North African country received in 2018 a record 12 million tourists, an 8 percent jump in one year. To meet mounting demands in this field and offer air passengers enjoyable travel experience, King Mohammed VI inaugurated on Tuesday […]
Morocco’s planning agency HCP said drought would ditch this year’s growth rate to 3% from an earlier estimate of 3.4%. The rate is almost similar to that of the IMF, which expected the economy to grow 3.1% this year. HCP expects the economy to recover to 3.4% in 2025, on the hypothesis of a close […]
