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ECOWAS eyes $2.6bn for standby force to combat terrorism across West Africa

The Economic Community of West African States (ECOWAS) is seeking $2.61 billion annually to launch a 5,000-strong regional Standby Force aimed at combating terrorism, political instability, and transnational crime across the region. At a high-level meeting in Abuja, ECOWAS Ministers of Defense and Finance convened to finalize funding strategies for the ambitious counterterrorism initiative. A […]

IMF sees Morocco’s economic growth at 3.1% in 2024, 3.3% in 2025

The IMF said Morocco’s economic growth would pick up slightly to 3.1% this year and 3.3% next year, forecasting a return of inflation to pre-pandemic levels. Inflation would stand at 2.2% this year and 2.5% next year, in line with central bank forecasts, the IMF said in its April global economic outlook. Algeria’s growth would […]

Morocco reforms traffic accident compensation system with 54% payment increase

Morocco’s government has introduced comprehensive reforms to its traffic accident compensation system, addressing longstanding criticism regarding complexity and processing delays. Justice Minister Abdellatif Ouahbi’s proposed legislation modernizes protection mechanisms for accident victims through expanded beneficiary categories and improved calculation methods. Current statistics highlight reform urgency: 2024 recorded approximately 655,360 declared accidents with insurance companies, including […]