AMDH

Morocco braces for another dry year

The specter of drought is still haunting Morocco for the fourth consecutive year amid delayed rainfall and emptying reservoirs. The alarm bell was rang by water minister Nizar Baraka who warned that some cities should prepare for a rationing of water as part of measures to reduce demand. “The country is heading to a fourth […]

Fitch Expects Morocco’s Growth to Reach 3% in 2024 & 3.5% over 2025-2026 Period

Fitch agency has maintained Morocco ‘BB+’ rating with a stable outlook thanks to the country’s sound macroeconomic policies, strong official creditor support, favorable debt profile and comfortable liquidity buffers. In 2023, Morocco’s economy grew by 3.4%, driven by strong non-agricultural sector performance and a rebound in agricultural output following a sharp contraction in 2022, said […]

Somaliland’s newly-sworn president to face complex internal, external challenges

Somaliland, Somalia’s self-declared independent region, has inaugurated its new president after last month’s election, which strengthened its push for international recognition. Somaliland sworn in its sixth president, Abdirahman Mohamed Abdullahi, on Thursday (12 December), only a day after Somalia and Ethiopia agreed in Turkey to hold “technical talks” over a dispute sparked by Addis Ababa’s […]