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Fitch Solutions expect Morocco’s central bank to cut benchmark rate to 2.25% in H2

Morocco’s central bank is expected to take more monetary easing steps in the second half of this year by cutting the benchmark rate to 2.25% from 2.75% currently, Fitch Solutions said. “We forecast that BAM will cut its policy rate in another two steps of 25bps in September and December 2024, to 2.25% by end-year […]

Burkina Faso upgrades military equipment with powerful missiles

Ibrahim Traore, Burkina Faso’s transitional leader, has announced that the West African country reeling with terror activities has acquired more powerful missiles and other military equipment to help in the fight against terror groups. “We have acquired much more powerful missiles. This is what has been experienced in Djibo. Some are 2, 3, 5, 10 […]

Kenya: UK invests $66 million in Malindi’s 52 MW solar project

In Kenya, Commonwealth Development Corporation (CDC Group) has pledged to invest about $67 million in the Malindi solar project. The project with an expected capacity of 52 MWp is developed by Malindi Solar Group, an ad hoc company created by an independent power producer [IPP] in the East Africa nation. Earlier this year Jeremy Hunt, […]