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Fitch Expects Morocco’s Growth to Reach 3% in 2024 & 3.5% over 2025-2026 Period
Fitch agency has maintained Morocco ‘BB+’ rating with a stable outlook thanks to the country’s sound macroeconomic policies, strong official creditor support, favorable debt profile and comfortable liquidity buffers. In 2023, Morocco’s economy grew by 3.4%, driven by strong non-agricultural sector performance and a rebound in agricultural output following a sharp contraction in 2022, said […]
EAC operations jeopardized as member states fail to remit contributions
The East African Community (EAC) is grappling with a severe financial crisis, with member states failing to remit over $62 million in contributions for the 2024/25 financial year. The bloc, which comprises Burundi, the Democratic Republic of Congo, Rwanda, South Sudan, Somalia, Tanzania, Uganda, and Kenya, has seen its programs delayed, while salaries for staff […]
Algeria Secures Italian Supply Deal as Foreign Exchange Reserves Dwindle
Algeria which has suffered a sharp decrease in oil revenues is seeking desperately to fill in its coffers with an Italian supply deal. The country’s state-owned Sonatrach and Italy’s energy company, Eni, inked a deal to supply Italy with 10 billion cubic meters of natural gas annually. The gas will be channeled through the Transmed […]



