Morocco has contributed $5 million to the African Development Fund (ADF), which provides concessional funding for projects, technical assistance for studies and capacity-building activities in Africa. The Moroccan contribution was made during the Fund’s 16th replenishment meeting convened in Tangier Dec.5-6 to raise money for low-income African countries to enable them counter social and economic […]
Morocco’s navy will be bolstered with the acquisition of two Spanish patrol boats made by Navantia, state-owned shipbuilding company, which offers its services to both military and civil sector. The deal, worth €260 million, was reported by Far-Maroc, a website specializing in Moroccan defense news. “Morocco is in a pressing need of patrol boats of […]
Morocco’s foreign exchange reserves rose 16.1% compared to the same period last year, the Central bank, Bank Al Maghreb said. By October 14, Morocco’s foreign exchange reserves stood at 250.1 billion dirhams up from 248.9 billion dirhams registered in the first week of September, the central bank said in its weekly statistics. This improvement of […]
