Moroccan flag – Sahara

Cameroon, Nigeria to join Ivory-Ghana-led Cocoa cartel, boosting growers’ leverage

Cameroon and Nigeria have requested to join the Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI), a joint body spearheading the interests of the two countries in the Cocoa trade — if both countries are admitted, the initiative will represent about two-thirds of global Cocoa production. The initiative was set up after a 2018 declaration by Ivory Coast […]

Egypt: reserve recession rate could decline soon

Governor Hisham Ramez of the central bank has said that the foreign cash reserve recession rate may decline by next month. The central earlier on this month announced that the reserves had reached US$13.6 billion, which would amount to a 16-year low, compared to $36 billion on the eve of the 2011 uprising that ousted […]

King Mohammed VI congratulates President Biden on United States Independence Day

King Mohammed VI has sent a message of congratulations to President Joe Biden on the celebration of the United States’ Independence Day, calling for strengthening bilateral ties through ambitious partnerships in all fields.   In his message, the King expressed his warm congratulations and sincere wishes for “health, happiness, and peace of mind to President […]