Spanish ambassador to Rabat

Kenyan, Nigerian currencies tumble to new record lows against US dollar

Kenyan and Nigerian currencies have both hit all-time lows in the past few days, worsening the economic situation in the two heavily indebted African countries plagued by high inflation and ongoing dollar shortages. Kenyan currency hit all-time low of 150 shillings to the US dollar on Monday (23 October), while the Nigerian naira has faced […]

Morocco’s Managem targets 50% gold portfolio, CEO Says

Managem plans to expand the share of gold in its portfolio from 20% to 50% as it expects an increase in production from the mine it operates in Sudan, CEO Imad Toumi said. Managem also plans to start production in its Tri-K gold mine in Guinea in the second half of this year, Toumi told […]

US Congress members reaffirm support for Morocco’s Sahara stance

A delegation of US Congressmen highlighted the longstanding partnership between their country and Morocco and reiterated Washington’s support for Morocco’s position on the Sahara conflict. Speaking following talks with Moroccan foreign minister Nasser Bourita, New York representative Adriano Espaillat of the Democratic party underscored Morocco’s leadership in the region, noting that the US will continue […]