Emerging and frontier markets in Africa now have a reason for cautious optimism in 2024 following a recent announcement by The Federal Reserve (Fed) signaling possible cuts of up to 75 basis points in the coming year. New forecasts from central bank officials showed a turn from the hawkish rate environment Fed Chairman Jerome Powell […]
Abderrahman El Youssoufi, the former leader of the Socialist Union of Popular Forces (USFP), who served as Prime Minister from 1998 to 2002, died this Friday morning at the age of 96 following a long illness, according to local media. El Youssoufi, an emblematic figure of the Moroccan left, passed away at a Casablanca Hospital […]
Moroccan expatriates’ remittances reached 108.67 billion dirhams through November 2024, showing a 2.8% annual increase, according to the latest foreign exchange statistics. The Office des Changes reports that remittances growth maintains its upward trajectory, marking a substantial 77% increase compared to November 2020 levels of 61.25 billion dirhams. The previous year closed at 115 billion […]
