Diaspora remittances

Resilience through tough times: East Africa’s economic recovery hindered by debt and deficits

The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]

Football: Morocco Head Coach Regragui Leaves His Post, Wahbi Takes Over

After several weeks of swirling rumours about his departure as Head coach of Morocco national football team, Walid Regragui has finally stepped down from his position and has been replaced by Mohamed Ouahbi. The announcement was made Thursday evening during a press conference held at the HQ of the Royal Moroccan Football Federation (FRMF) in […]

Lack of job opportunities push many Moroccans to informal economy- Central Bank

Fewer job opportunities meant that many people had to seek jobs at Morocco’s large informal economy leaving many young people in vulnerable conditions, the central bank said in its annual report. The coronavirus pandemic has revealed the scale of the underground economy, which showed that 5 million households, representing more than half the Moroccan population, […]