Agadir first Moroccan commune to issue bond

The city of Agadir has made a successful issuance of Morocco’s first municipal bond of 1 billion dirhams to fund its development plan. The dirham-denominated bond sale targeted national and international institutional investors as the commune braces for a facelift. The European Bank for reconstruction and development (EBRD) has supported Agadir’s bond with an investment […]

Sudan’s infighting triggers worst internally displaced crisis in the world

At least 9.1 million Sudanese civilians have been forced to internal displacement following 14 months of a civil war that shows no end in sight, according to UNHCR figures. “Sudan now has the largest internally displaced population ever reported,” UNHCR said in a recent report. Some 2 million people managed to flee to neighboring countries, […]

Casablanca maintains anti-coronavirus restrictive measures for two more weeks

Authorities have extended the restrictive measures to contain the coronavirus for the second time for two more weeks as the city remains the hardest hit by the virus in the country. Recently, over 40% of total cases registered in Morocco were found in Casablanca, Morocco’s most populous city and its economic powerhouse. On September 7, […]