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Burkina Faso, Mali, Niger introduce 0.5% import tax to fund AES activities

Burkina Faso, Mali, and Niger have introduced a 0.5% tariff on goods imported from third countries, a move aimed at financing their activities within the Alliance of Sahel States (AES). This new tax, named the “AES confederal levy,” will apply to products entering the three countries but will exclude goods from other AES members, as […]

EBRD provides €50 Mln to two Moroccan banks to support Morocco’s green transition

The European Bank for Reconstruction and Development has approved loans totaling €50 million to two Moroccan banks, namely “Crédit du Maroc” and “Société Générale Maroc” (SGMB), destined to boost Morocco’s green transition. The loan agreements were signed at the EU-Africa Business Forum in Brussels, co-organized by the European Commission, the African Union Commission, and African […]

Morocco, Russia Close to Reaching a Deal on Amur-Class Submarine

Negotiations are underway between Morocco and Russia on the delivery of the Amur-class 1650 super-quite submarine, which will be the Kingdom’s first submarine, Moroccan press reported. The Amur-1650 diesel-electric powered submarine will significantly boost Morocco’s capabilities as it will carry Club cruise missiles in addition to featuring air-independent propulsion (AIP). With a length of 66.8 […]