hard currency

Morocco’s Central Bank pauses monetary tightening as inflation eases

Morocco’s central bank pauses its monetary tightening as inflation is expected to further drop to 2.6% in 2024 from 6% in 2023 amid preparations for reconstruction in earthquake-hit areas. Speaking to the press Abdellatif Jouahri highlighted the uncertainties of the global economy and the need for vigilance, adding that holding the key interest rate as […]

DRC to expand exploration, mining of metals for green-energy transition

Exploration for nickel and chrome will begin ‘in the next few days’ in DR Congo’s southern, diamond-rich Kasai region, Congo’s president has said, adding that his country wants to position itself as a key source of the two strategically important metals in the green energy transition. Democratic Republic of Congo (DRC) wants to position itself […]

Morocco-Spain: Actions, Not Words Will Help Restore Broken Trust

Spain’s Prime Minister Pedro Sánchez has described Morocco as a “strategic partner with which we must walk together”, without announcing tangible actions to help repair the trust his socialist government broke with Rabat. The Moroccan-Spanish relations are still reeling from the fallout of the diplomatic spat sparked last May by Madrid’s decision to host secretly, […]