Algerian activist Karim-Tabbou

Morocco central bank cuts key interest rate as inflation drops

Morocco’s central bank cut its borrowing rate to 2.75% from 3% as inflation drops thanks to lowering food prices and easing external inflationary pressures, the bank said following its board meeting. “On the basis of all these considerations, the Board considered that the calibrated tightening of monetary policy, the regular monitoring of the transmission of […]

Morocco’s Tourism Resilient despite Regional Turmoil, Minister  

Morocco’s tourism shows resilience with expectations to grow by 2% this year, despite unwarranted fears created by confusions over the turmoil that is plaguing several countries in the region, said the Moroccan tourism Minister, Lahcen Haddad. The Minister, who was speaking to Jeune Afrique Magazine, noted that instability in the region has slightly taken a […]

Spain grants Morocco a €32.2 million aid to control irregular immigration

The Spanish Ministers’ Council Friday approved a grant of €32.2 million to help Morocco in its efforts to control illegal immigration from the North African kingdom to Spanish southern shores.   This aid, which aims to support international police cooperation, comes from the budget of the Spanish Home Affairs Ministry. It will support Moroccan authorities’ […]