central bank governor BAM Abdellatif Jouahri

Africa’s debt crisis: interest payments on debt soar amid govt’s growing financial strain

As many African countries are struggling to service their debts, a new World Bank report warns that interest payments on long-term debt in sub-Saharan Africa surged nearly seven-fold to $26 billion between 2010 and 2023. The sharp increase came as the region’s foreign borrowing doubled to $864 billion within the same period. Africa’s worsening debt […]

Morocco edges closer to unlocking its gas potential- Globaldata says

Morocco is on course to launching investments in the gas sector that would serve its goal of diversifying its energy mix and reducing its reliance on coal and costly imports, London-based Globaldata said. In a recent report, the international consultancy said Morocco is poised to add 70mmcfd natural gas to its energy mix in the […]

UN Congratulates Tunisia, Lebanon, Jordan for Rape Law Reform

The UN High Commissioner for Human Rights Zeid Ra’ad Al Hussein warmly welcomed the repeal of laws in Lebanon, Tunisia and Jordan that allowed rapists to avoid criminal prosecution by marrying their victims. A statement of the office of the High Commissioner quoted him saying that “to punish a rape victim by making her marry […]