African Lion MAP

Inflation-hit Zimbabwe launches new gold-backed currency

Zimbabwe has finally launched a gold-backed currency to bring down inflation, ending a decade of dollarization. The new currency or Zig- standing for Zimbabwe Gold- is the latest attempt to end hyper-inflation in the country which lasted for 25 years. Zig is intended to be a market-determined exchange rate, said Zimbabwe’s central bank governor while […]

Sahara: Peru’s “Fuerza Popular” supports Morocco’s territorial integrity

Peru’s political party “Fuerza Popular” has voiced its strong support for Morocco’s territorial integrity and sovereignty over its entire territory. The supportive stand was expressed by the party’s chief Keiko Fujimori during a meeting she held Monday in Rabat with Speaker of the House of Representatives, Rachid Talbi El Alami. Keiko Fujimori, a former congresswoman […]

World Bank Credits Morocco’s Regulatory Reforms as Growth Driver

Regulatory reforms implemented in Morocco to promote private sector activity—described as “deeper than expected”—could stimulate growth, reduce the informal economy, and create employment, according to the World Bank Group’s updated Global Economic Prospects report released in Washington. The international financial institution notes that favorable weather conditions contributed to agricultural production recovery in the Kingdom. Current […]