Morocco’s Saharan city of Laayoune and French city of Metz signed, on Monday, a partnership agreement destined to bolster their cooperation ties in the economic, educational, cultural and touristic fields. The three-year renewable deal, part of the decentralized cooperation between Morocco and France, was inked by Head of Laayoune Municipal Council, Mly Hamdi Ould Errachid […]
As Kenyans head to the polls on August 9, East Africa’s largest economy could be headed for tough times. With the country’s currency having depreciated sharply, Kenya’s Treasury will face difficulty paying back its huge dollar-denominated debt. Kenya is among developing countries facing an economic crisis, according to a recent report released by Moody’s Investors […]
Fitch Ratings has assigned Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) ‘BB+’ rating with a stable outlook due to the country’s macroeconomic stability, low inflation, a moderate share of foreign-currency debt in total general government debt and comfortable external liquidity buffers. Morocco’s fiscal deficit is expected to narrow to 6.3% of GDP in 2021 from […]
