violence-polisario

Morocco’s Managem to raise capital to finance expansion plans

Morocco’s biggest mining company Managem plans to raise 3 billion dirhams (300 million dollars) to finance its expansion plans in Morocco and Africa. The company said the capital increase will take place between March 14 and April 2 as it braces to start production at a gold project in West Africa known as Tri-K, with […]

Guinea: Morocco‘s Autonomy Plan, the “ONLY Credible and Realistic” Solution to Sahara Issue

Guinea has reaffirmed its unwavering support for Morocco’s autonomy plan offered for the Sahara under its sovereignty, saying the plan is the “only credible and realistic solution” to the Sahara regional conflict. In a joint statement issued Monday following the 7th meeting of the Moroccan-Guinean Cooperation Commission convened in Dakhla, Guinea’s Foreign minister Morissanda Kouyaté […]

Fitch gives Morocco ‘BB+’ rating with stable outlook

Fitch agency has awarded Morocco ‘BB+’ rating consolidated with a stable outlook thanks to the country’s sound macroeconomic policies that has supported resilience to shocks, a favorable debt composition and a comfortable external liquidity buffer. Economic growth slowed in 2022 to 1.2% from 7.9% in 2021, as agricultural output contracted by 15% due to a […]