Fitch Ratings has assigned Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) ‘BB+’ rating with a stable outlook due to the country’s macroeconomic stability, low inflation, a moderate share of foreign-currency debt in total general government debt and comfortable external liquidity buffers. Morocco’s fiscal deficit is expected to narrow to 6.3% of GDP in 2021 from […]
The announcement by Morocco’s phosphates and fertilizers producer OCP to double its soil nutrient exports to Africa was a boon for a continent that bears the brunt of the surge in commodities prices due to the Russia-Ukraine war. OCP said last week it will bolster its fertilizers exports to Africa to 4 million tons in […]
Amnesty International has deplored the absence of the rule of law in Libya wherein armed militias have the upper hands, leaving civilians living in a country descending into chaos and lawlessness. Kidnappings of civilians by militias, often for ransom, have risen sharply since 2014, particularly in the west of the country, where hundreds have gone […]
