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King Mohammed VI Launches 3rd Phase of National Initiative for Human Development

King Mohammed VI has launched 3rd phase of the revamped National Initiative for Human Development (INDH), an ambitious socioeconomic plan destined to close the social gap, combat poverty and reduce social inequalities. The 3rd phase of the plan, to be carried out over a four-year period (2019-2023), will cost $1.9 billion. It seeks to support […]

Morocco to cut fiscal deficit to 3% in 2026, thanks to higher tax revenue

Morocco expects to further cut its fiscal deficit from 4% in 2024 to 3.5% in 2025 and 3% in 2026, despite an increase in spending on social protection, Fouzi Lekjaa said. The deficit was at 7.1% when the government took office in 2021, at a context marked by a recovery from the economic impact of […]

DRC accuses Apple of using illegal minerals from war-hit regions

The Democratic Republic of the Congo has accused Apple of sourcing precious metals used in its Iphones and Mac laptops from warlords in its conflict-stricken east. DRC lawyers called the minerals allegedly illegally acquired by Apple- such as tin, tantalum, tungsten, and gold- as “tainted with blood” of the Congolese people. The lawyers sent Apple […]