On the same day the competition council issued a scathing report criticizing the government’s plan to set caps on fuel prices, governance minister responded by discarding the report as political. The council said capping fuel prices would not be beneficial to the Moroccan economy and citizen’s purchasing power. The council also called for more structural […]
Morocco and the IMF are in the early stages of negotiating a flexible liquidity line as a precaution against external shocks, including imported inflation. The news was unveiled by central bank governor Abdellatif Jouahri earlier this week and confirmed later by IMF representative to Morocco Roberto Cardarelli, who said Morocco was seeking a flexible credit […]
Former President Joseph Kabila is facing the death penalty in a dramatic trial unfolding in absentia, as Congo’s military prosecutor accuses him of treason, war crimes, and backing the Rwanda-aligned M23 rebel group that has overrun eastern regions of the country. Kabila, who ruled the Democratic Republic of Congo (DRC) from 2001 to 2019, is […]
