Moroccan Women Mules at Bab Sebta

Corruption costs Moroccan economy up to 7% of GDP annually – Finance Minister

It is hard to exactly calculate the impact of corruption on the Moroccan economy which Finance Minister Mohamed Benchaaboun said it rips the country of 2 to 7% of GDP annually. Briefing MPs on a law on the national body for integrity and the fight against corruption, the Minister said that a law will be […]

British CDC invests $200 mln in BMCE Bank

CDC Group, the British government’s overseas-investment arm, said it has invested $200 million in Morocco’s BMCE bank, which seeks to develop its activities on the African continent. The British group acquired nearly 5% in the bank’s capital after the investment, part of CDC’s plan to invest $4.5 billion in the African continent, the two institutions […]

Sudan faces imminent famine as war rages

Nearly 750,000 people are on the brink of starvation in war-torn Sudan, where the conflict between rival army factions aggravates the humanitarian situation, the global authority on famine said. The war left nearly half Sudan’s 48 million population suffering from hunger in areas including the capital Khartum, according to the latest figures from the Integrated […]