African ambassadors in Rabat rejected the violent attack on Moroccan security forces by Sub-Saharan migrants as they attempted to cross into Spanish-ruled Melilla. Early on Friday, nearly 2000 Sub-Saharan migrants armed with sticks, bladed weapons and even acid attacked Moroccan security forces at a border passage with the Spanish occupied city of Melilla. Their violent […]
The launch of the gradual float of the Dirham to reach a flexible exchange rate regime will not lead to currency devaluation reassured Governor of Bank Al Maghrib, Abdellatif Jouahri. Speaking at a press conference in Rabat, Jouahri played down the speculations on risks of Dirham devaluation due to the currency float saying that the […]
The Mozambican power company, EDM, has recorded an annual loss of $100 million, due to illegal connections to the national power grid. According to Mozambican newspaper O Pais, which quoted the company’s new chairman, Ale Sicola, “smart” electricity meters will be introduced on the market to minimize the problem. The company chairman also said that […]
