News Stream April 28, 2020

Currency Reform, Morocco’s Path to Become North Africa’s Financial Hub

Currency liberalization is the centerpiece of Morocco’s efforts to transform itself into North Africa’s main financial hub. The gradual Dirham float, which was announced early in January, will help Morocco attract more investments, IMF officials say. Morocco’s Central Bank launched a cautious and smooth liberalization of the Dirham starting with an anchor of 2.5% instead […]

Tunisia: Phosphate companies begin operating again, protests suspended

Sit-in protests at several phosphate mining and production sites have temporarily ended after protesters agree to negotiate with authorities on their demands. The protesters are mainly local youths demanding to be employed. Their sit-ins have affected the sector because production has been blocked in four towns in the country’s main phosphate-producing region and in some […]

Morocco, Cameroon sign military cooperation pact

Morocco and Cameroon signed a military cooperation agreement, aiming to bolster defense ties through training, joint exercises, military health services, and technical assistance. The deal was signed in Rabat on Tuesday during a meeting between Morocco’s Minister in charge of National Defense Administration, Abdeltif Loudyi, and Minister Delegate to Cameroon’s Presidency, in charge of Defense, […]