Tindouf camps

Death toll rises to 12 after migrant boat sinks near Casablanca

The sea continues to reject the bodies of victims of a tragedy that occurred last Saturday, when a dinghy, carrying more than fifty candidates for illegal emigration, capsized off Mohammedia’s coast, near Casablanca, local authorities said. Moroccan authorities Monday recovered five more bodies of drowned migrants near Casablanca, bringing the total death toll to 12 […]

Public Sector’s Payroll Takes 49% of Morocco’s Revenues

The Payroll in the public sector absorbs 49% of state revenues, a percentage that shows the burden placed on the state budget because of an inefficient employment policy, says a study conducted by L’Economiste daily newspaper. The public sector’s payroll is in dire need of restructuring to mitigate its impact on the state budget after […]

Afreximbank poised to help Senegal raise $500m

The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]