AfDB headquarters

Morocco Seizes 7 Tons of Cannabis Near Guelmim

Moroccan police seized 7 tons of cannabis resin, known locally as chira, and arrested 8 members involved in an international trafficking network during the same operation. This came in an operation in the commune of Taghjijt where the banned substance was found hidden within a four-wheel-drive vehicle in an area located 60 km south-east of […]

African Cup of Nations to generate $1.2 billion dirhams in Morocco

The Africa Cup of Nations 2025 is proving to be more than a sporting spectacle for Morocco, with projected economic benefits reaching 12 billion dirhams (about $1.2 billion), the tournament is acting as a powerful engine for growth, Moroccan media said. Between 600,000 and one million visitors have joined the host cities, driving unprecedented demand […]

Sub-Saharan Africa faces ‘lost decade’, its growth weighed down by continent’s heavyweights — World Bank

Economic growth in Sub-Saharan Africa is expected to decelerate this year by slumps in economic powerhouses South Africa, Nigeria and Angola, the World Bank has announced, expressing fears of a lost decade for the continent, faced with growing instability. For the current year, growth should reach 2.5%, compared with 3.6% last year, due in particular […]