dakhla

Fitch: Moroccan Banks show resilience despite Macro-economic challenges

Moroccan banks continue to show resilience despite challenging global and domestic macro-economic conditions, Fitch Ratings says in a new report focusing on the country’s seven largest banks. Banks have built up healthy provisions buffers since 2020 and are well-placed for a continued recovery in profitability in 2024 amid rising interest rates, says the rating agency. […]

African Union reaffirms neutrality on Sahara issue despite Algerian gas money

The standing decision-making organ of the African Union, the Peace and Security Council, issued its annual report without mentioning the Algeria-fueled conflict over southern Morocco, the Sahara. The decision confirms once more the neutrality of the African Union, in line with its resolution 639 of July 2019, which considers the Sahara as an issue to […]

South Africa: 15% Eskom tariff hike could cut 150,000 mining jobs

The Minerals Council of South Africa on Thursday warned that the country could lose up to 150,000 jobs, if state-owned electricity supplier Eskom is granted permission to increase electricity tariff by 15%. Eskom has asked government for a 15% tariff increase over three years. The mining lobby group said the move would also hasten the […]