Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while affirming the three banks’ Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. This comes after Fitch’s revision of the outlook on Morocco’s sovereign rating to Negative from Stable on […]
Equatorial Guinea’s Vice-President Teodoro Nguema Obiang Mangue, who is also the son of the president, has accused the country’s former colonial power Spain of „interference” after the country’s judiciary opened an investigation into the “kidnapping” and “torture” of two Spanish nationals in the West African state’s capital Malabo. The two Spanish nationals, Feliciano Efa Mangue […]
King Mohammed VI of Morocco has vowed to strengthen dialogue, consultation and coordination with the United States cooperation and to contribute to preserving peace, security and stability in the world. In a message of congratulations to President Joe Biden on the occasion of the United States’ Independence Day, the King reiterated Morocco’s unshakable resolve to […]
