leon-morocoo

Morocco’s Central Bank keeps interest rate unchanged due to Global & Domestic Situation

Bank Al-Maghrib, Morocco’s central bank, has decided to hold interest rates steady, contrary to the forecasts of many analysts who were expecting a hike of rates following the coronavirus pandemic, rainfall shortage and the Russia-Ukraine war. During its first meeting for the year 2022, the Board of Directors of the Bank decided to keep unchanged […]

Morocco’s Al Mada plans expansion in the African food market

Morocco’s private investment fund Al Mada said it has set up an international food industry subsidiary focusing on Africa, dubbed Teralys. As part of its goal to promote food industry in Africa in a way that is conducive to regional integration, Teralys signed an agreement to acquire a majority stake in Senegal’s Patisen, Al Mada […]

Libya: US airstrikes hit again IS fighters near Sirte

US military command for Africa AFRICOM said Thursday it conducted several strikes against the Islamic State (IS) fighters near the city of Sirte following last week Friday sorties. The new airstrikes according to the command took place Tuesday with the coordination of the UN-backed Government of National Accord (GNA). The Tuesday airstrike destroyed IS positions, […]