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Morocco’s budget deficit drops to $6.4 bln in 2024

Morocco’s budget deficit shrunk to 64.4 billion dirhams ($6.4 bln) in 2024, from 74.9 billion dirhams, as a rise in government revenue continued to offset higher spending, the Moroccan treasury said. The deficit eased to 3.9% last year from 4.4% a year earlier, as the government increases its ordinary revenue and tax receipts, it said. […]

DRC military court passes death sentence to 25 soldiers for ‘fleeing enemy’

A military court in the Democratic Republic of Congo (DRC) has sentenced 25 soldiers to death in a one-day trial on Wednesday (3 July) after finding them guilty of fleeing the enemy, violating orders, dissipation of war munitions and theft, among other charges. The Congolese army has been fighting the Rwanda-backed M23 insurgency in the […]

Morocco’s trade deficit eases by 18.2% in July

Morocco’s trade deficit in the first seven months this year eased by 18.2% as foreign demand on Moroccan industrial exports curbs imports, the foreign exchange office said. The office also cited a significant drop in energy imports triggered by lower prices in international markets. By July, Morocco’s energy imports slid 31, while equipment purchases dropped […]