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Morocco, Algeria Take Arms Race to Manufacturing Level
Morocco is preparing to launch a factory to manufacture various defense equipment in an attempt to reduce its dependency on foreign arms suppliers and bridge the gap with Algeria, which is planning to establish a factory for military helicopters. This military project, dubbed MCR Technologies, will be carried out at a total cost of 300 […]
U.S donates Cameroon 11,000 tons of food to address food insecurity
The US aid agency, USAID, donated Thursday to Cameroon 11,000 tons of food to help address food insecurity affecting 4.7 million people. Philippe Accilien, the USAID/Country Representative for USAID/Cameroon, took delivery of the shipment from Douala Port and handed it to the World Food Program (WFP) and Cameroonian authorities. “We thank the United States Government […]
Morocco’s Central Bank raises key interest rate to 3% to mitigate inflation
Morocco’s Central bank decided on Tuesday to lift its rates by 50 basis points to 3 percent to counter inflationary pressures exerted both at the domestic and international levels. During its first meeting of 2023 held in Rabat, the Board of Bank Al Maghrib discussed the evolution of the national economic situation and the Bank’s […]



