Corona Africa

Morocco’s central bank buys back excess hard currency in local forex market

Morocco’s central bank has bought $471 million of excess foreign currency from the local market to absorb excess and ensure the good functioning of the market. The central bank said in a statement that it will maintain hard currency auctions as long as necessary depending on the evolution of the foreign exchange market. In recent […]

Airpower superiority at heart of Morocco’s defense overhaul

In recent years, Morocco has been investing in upgrading its airpower capabilities amid rising threats in an unstable wider region. The country has emerged as a regional deterrent power and an exporter of stability as it reshapes its military doctrine around advanced aerial capabilities. This transformation is driven by strategic necessity and a clear ambition: […]

Morocco’s fishing industry posts mixed results with nearly $900 million in revenue

Morocco’s coastal and artisanal fishing sector generated close to 9 billion dirhams (approximately $900 million) through October 2025, marking a 3% decline from the same period last year, according to data from the National Office of Fisheries (ONP). The sector’s overall catch volume dropped more significantly, falling 14% year-over-year to reach 948,177 tons. This disparity […]