Moroccan Ministers of Industry & Finance Lalami & Benchaaboune with French Economy Minister Bruno Le Maire

Rising borrowing costs threaten growth in Africa’s three largest economies

Governments and businesses in Nigeria, Kenya, and South Africa are grappling with sharply rising borrowing costs, a trend that poses serious risks to economic growth across Sub-Saharan Africa, according to a new report by Moody’s Ratings. Over the past five years, debt servicing costs have surged in all three economies due to weak policy frameworks, […]

Adoul Profession Opens to Women, another Victory for Gender Equality in Morocco

Women in Morocco can now exercise the profession of Adoul or religious notary, a profession previously reserved for men. The move was announced at the Ministers’ Council meeting held Monday (January 22) at the Royal Palace of Casablanca, when King Mohammed VI instructed the Minister of Justice, Mohamed Aujjar, to open to women the profession […]

Egypt’s Central Bank:The Country’s Economy’s “Sluggish”

Egypt’s gross domestic product (GDP) growth rate continued to slow down in the first quarter of the 2013/2014 fiscal year to reach slightly more than 1 percent compared to 2.1 percent in 2012/2013, according to the Egypt’s Central Bank. Deputy CBE governor Ranaia al-Mashat said in his statement that economic activity remained sluggish in the […]