photo by Malian Malick Sidibé -exhibition in Rabat

UNCTAD: Illicit financial flows costs Morocco, Africa billions of dollars

A United Nations report, issued this week, said that illicit financial flows out of Morocco amounted to about 16.6 billion dollars during the years 2013-2014.   This came in a report by the United Nations Conference on Trade and Development (UNCTAD), which revealed that the African continent loses about 88.6 billion dollars annually due to […]

COVID-19: UAFA to slash Mohammed VI Champion Cup prize money

The Union of Arab Football Associations, UAFA, organizer of the Mohammed VI Champions Cup, will scale down the prize money for the championship as result of the covid-19 pandemic economic impact. The competition, suspended in March due to travel restrictions because of the pandemic, will soon resume, Abdulaziz bin Turki Al Faisal reportedly said last […]

Morocco Expects Growth to Shrink to 2.8% in 2018

Morocco forsees growth to slow to 2.8% in 2018, down from 4% in 2017 as rainfall uncertainties haunt the agricultural output. The figures released by Morocco’s statistics office (HCP) show that Morocco’s growth remains vulnerable to the performances of the agricultural sector. According to the same agency, non-agricultural activities would increase slightly from 2.8% in […]