Half World’s 10 least performing currencies are African

Half of the ten least performing currencies in the World are African, said a Bloomberg report, highlighting the risk facing some of the continent’s devalued currencies due to lack of dollar liquidity. Zambian kwacha, the Angolan kwanza, and the Nigerian naira are in the top 3 most fragile African currencies, according to the report. Zambia’s […]

Moroccan economy shakes off Covid impact, IMF says

Morocco’s economic activity has recovered most of the ground lost during the severe global recession of 2020 with a growth rate of 6.3% last year and medium-term growth prospects of 3.5%, as the country continues its fiscal and monetary stimulus, the IMF said. Morocco has posted the highest growth rate in the MENA region in […]

US delegation visits Agadir, guest of honor of 2023 ‘Morocco Day’ in Washington DC

A senior US delegation led by Ron Busby, President/CEO of the U.S. Black Chambers, visited Agadir, as part of a working trip to Morocco. The two-day visit to the Souss-Massa region (Thursday & Friday) was part of preparations for the celebration of Agadir as guest of honor of the 2023 “Morocco Day” in Washington DC. […]