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Tunisia: 17 migrants rescued from stranded boat, two bodies recovered

Seventeen Tunisian would-be migrants have been rescued from a stranded vessel in the Northern Region’s maritime waters and two bodies were recovered, the National Guard announced. The boat, which broke down at sea, had been carrying 19 individuals attempting an illegal crossing of the Mediterranean. Tragically, the body of one adult and a 5-year-old child […]

Port operator Marsa Maroc expands to Africa

Morocco’s top port operator, Marsa Maroc, said it will operate terminal 1 and 5 in Cotonou’s port after winning an international tender issued by the company in charge of cargo handling, Société Béninoise des Manutentions Portuaires (SOBEMAP). Marsa Maroc saw its shares in the Casablanca stock exchange surge following the announcement which marks the first […]

Who are Morocco’s main external creditors?

By 2022, Morocco’s external debt stood at 423.6 billion dirhams ($41.2 bln) representing 31.8% of GDP, half of which was owed to multilateral development banks, according to finance ministry data. The International Bank for Reconstruction and Development, an offshoot of the World Bank, holds the lion’s share in Morocco’s external debt with 93.1 billion dirhams, […]