gold miners

Ethiopia bans 15 media outlets operating in Somali regional state

The Ethiopian federal government has suspended 15 foreign media outlets operating in the country’s eastern Somali regional state, reports say. The country’s media authority, EMA, ordered the suspension because the media in questions have been allegedly operating without license. EMA has instructed Somali Region Communications Bureau to take action. The Media include BBC Somali and […]

Drought shrinks Morocco’s cereals harvest by 67%

Lack of rainfall has weighed on Morocco’s cereals harvest which dropped to 34 million quintals this year, down 67% from last year, the agriculture ministry said. Soft wheat yield stood at 18.9 million quintals, hard wheat at 8.1 million quintals and barley at 7 million quintals as the country registered a drop of 34% in […]

Fitch Rating expects Moroccan banks profitability to improve in 2023

Fitch Rating highlighted the positive outlook for the seven largest Moroccan banks in 2023 whose profitability is set to improve on the back of a better risk management. “We expect profitability will improve at a faster pace in 2023 as lower impairment charges (LICs) should continue to decline while higher rates will start to feed […]