Morocco to step up public investments in 2021 to help economy recover from COVID-19 impact

The Moroccan government plans an increase in public investments to 230 billion dirhams and an injection of 45 billion dirhams to help the economy recover from the coronavirus pandemic repercussions. The measure was laid down in a draft budget law approved at a ministerial council chaired by King Mohammed VI at the Royal Palace in […]

Morocco’s Attijariwafa Bank buys back $290 million of Gabon’s external debt

Attijariwafa Bank has conducted an early buyback of $290 million of Gabon’s external debt, in a transaction that will ease the debt burden in the country and foster its financial stability. The operation represents 50% of Gabon’s Eurobond. It was made by l’Union Gabonaise de Banque (UGB), the local subsidiary of Attijariwafa Bank. The operation […]

Gabon to grant delayed risk premium to armed forces

Gabon’s military-led government agreed this week to implement a decision by the former regime of President Ali Bongo Ondimba to grant armed and security forces a risk premium for their work in protecting populations, Gabo Review reports. A cabinet meeting announced the plan pending modalities that remain to be defined, the media outlet notes. The […]