hilale-onu

Central Bank cuts interest rate to boost economic activity amid drought, coronavirus fears

The Central Bank cut its benchmark interest rate to 2% to boost economic activity, which, like elsewhere in the world, is expected to reel under the impact of the coronavirus outbreak. Drought has complicated the outlook for Morocco, which expected a contraction of agricultural output plunging growth to 2.3%, according to the central bank. The […]

Omicron dominates Morocco’s new Covid-19 infections

Within a few days after Morocco reported the first Omicron case, the new variant now represents over 70% of new cases in the country with the peak of the new wave expected to be reached within two weeks, according to health ministry officials. Morocco is now recording some 6000 cases daily compared with some 100 […]

Morocco’s Managem completes Sudan gold mine partnership with China’s Wanbao

Morocco’s mining company Managem completed its partnership with China’s Wanbao to acquire 65% of Gabgaba gold mine in Sudan.   The deal is in line with Managem strategy to develop its investments in Africa and develop its activities in Sudan, Managem said in a statement.   Managem together with Wanbao will expand the Gabgaba mine […]