wildfires in kabylie

Fitch Gives Morocco ‘BBB’ Rating

Global rating agency Fitch has affirmed Morocco’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB-‘, Long-term local currency IDR at ‘BBB’, and Short-term foreign currency IDR at ‘F3’. The agency has also given the North African Kingdom a “stable outlook” and affirmed the country ceiling at ‘BBB’. Morocco’s ‘BBB-‘ rating is supported by a […]

China’s PLA navy increases African port calls in bid to cement Beijing’s diplomatic ties

China’s 45th naval fleet has in recent weeks visited Tanzania, Mozambique and Madagascar in what experts say is Beijing’s show of force designed to help cement the Asian powerhouse’s diplomatic ties in Africa. After the People’s Liberation Army’s (PLA) Navy stopped many of its African port visits during the Covid-19 pandemic, it has now begun […]

AfDB offers Morocco €75 mln loan to develop Rabat airport

The African Development Bank granted Morocco a €75 million loan to help expand and develop Rabat airport into a regional hub. The loan will help expand the airport and acquire new equipment that will enable it to meet international standards as it seeks a larger chunk in regional air traffic, AfDB said in a statement. […]