Mauritania: Investigations ordered against ex-leader Abdelaziz over corruption, mismanagement allegations

Mauritania’s top prosecution Thursday said it ordered an investigation against former President Mohamed Ould Abdelaziz and his entourage after it received a report by a nine-member commission tasked with shedding light on corruption allegations and the country’s management during the 11-year rule of the former strongman. Abdelaziz who left power in August last year, has […]

Morocco Upgrades F16 Fleet with Electronic Warfare Systems

The Royal Moroccan Air Force will upgrade its fleet of F16 fighter jets with electronic warfare systems supplied by Harris Corporation under a contract worth $91 million. The company said in a statement that it will equip the F16 fighters of the Royal Moroccan Air Force with the Advanced Integrated Defensive Electronic Warfare Suite (AIDEWS), […]

Morocco’s Central Bank Maintains Key Rate at 2.25 % & Expects 4.3 % Growth in 2017

Morocco’s Central Bank, Bank Al-Maghrib, decided Tuesday to maintain its key interest rate unchanged at 2.25 % during the third quarterly meeting of its Board of Directors which expects a 4.3% growth in 2017. After analyzing recent economic developments and reviewing the macroeconomic forecasts, the Board deemed as “appropriate” the decision to uphold the key […]