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Ethiopia backs Morocco’s efforts to find a political solution to Sahara issue

African economic powerhouse, Ethiopia, expressed support for the efforts led by Morocco to find a lasting political solution to the Sahara conflict within the umbrella of the UN. This came during a videoconference between foreign minister Nasser Bourita and his Ethiopian peer Demeke Mekonnen Hassen, who reiterated his country’s attachment to resolution 693 of the […]

Libya: UN Peace Plan Rejected by MPs, Raising Serious Concerns

The UN-brokered peace plan proposing a unity government has hit another unexpected snag, dashing all hopes to restore peace and stability to this North African country. MPs of the internationally recognized parliament, based in Tobruk, have rejected on Monday the proposed new government, demanding major changes. Last December, UN announced the creation of a unity […]

Morocco’s Foreign Exchange Reserves Cover 7 Months of Imports

Morocco’s foreign exchange reserves rose to cover 7 months and 14 days of imports by August up from 6 months and 11 days the same period last year, the Central bank, Bank Al Maghreb said. By the first week of September, Morocco’s foreign exchange reserves stood at 248.9 billion dirhams, that is a 17.7% increase […]