The fall of Thomas Cook will cause a drop of 100,000 tourists pushing Morocco’s tourism promotion office to seek alternatives in France through opening new air routes operated by low-cost airlines. Fourteen additional routes were opened linking Moroccan and French cities. British low-cost airline EasyJet will operate two flights a week from Nantes to Agadir […]
Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis caused a 6.3 pc Moroccan GDP contraction in 2020, the worst contraction in 25 years. “The banks’ asset quality and profitability weakened noticeably in 2020. Nonetheless, their credit profiles were […]
Mauritania will enter the limited list of uranium producing countries in 2020 following the promising findings of the Australian mining company Aura Energy in the Tiris Zemmour mine. “The production of yellowcake is a true milestone for Aura Energy’s push to achieve producer status. To achieve yellowcake production from our site in the Sahara Desert […]
