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 […]

Mali prohibits movement of civilians in border area with Mauritania

Malian authorities, dominated by the military, announced on Sunday that they were banning the movement of civilians in the border area with Mauritania, where a number of Mauritanians disappeared in early March. They also announced the opening of an investigation by the military court in Bamako. These disappearances, two months after the death of seven […]

Mauritania Pelagic Sells 23 % of its Shares for € 20 million

Mauritania Pelagic, the largest holding company specializing in production and processing of fish, has sold 23 pc of its shares to international Investments Fund “Hermes-Sojitz” for €20 million. The money derived from the deal will be used for the construction of a modern fishing trawler equipped with 500 tons refrigerated sea water (RSW) tanks. Installing […]