Morocco migrants registration operation

Fitch Solutions Expects Morocco to Hold Interest Rate at 2.25% in 2019

Morocco’s central bank, Bank Al-Maghrib (BAM) will hold its key policy rate at 2.25 pc in 2019 due to subdued inflation and a neutral shift in US Fed policy, says Fitch Solutions in its latest report on the North African Kingdom. In a bid to protect foreign exchange reserves and limit imported inflation, BAM will […]

Algeria accelerates migrant expulsions in retaliation against Sahel states

Algerian authorities have intensified the expulsion of Sub-Saharan African migrants, often abandoning them in harsh conditions on the borders with Niger, against the backdrop of diplomatic tension with its southern Sahel neighbors. Niger officials have often denounced Algeria’s harsh treatment of thousands of migrants, which has worsened after Niger joined the alliance of Sahel states […]

Morocco’s OCP to set up two water and energy subsidiaries

Morocco’s phosphates and fertilizers producer OCP was given go-ahead to set up two subsidiaries to produce water from non-conventional sources as well as renewable energy in the region of Safi. The official gazette published the governmental decree allowing the OCP to operate in these fields as Morocco faces the worst drought in four decades. The […]