Nile-River & Grand Renaissance Dam

US reaffirms support for Morocco’s Sahara plan ahead of Pompeo’s visit

The US reiterated its support for Morocco’s Sahara autonomy initiative one week ahead of a planned visit to Morocco by Secretary of State Mike Pompeo. “The Sahara issue is a priority for Moroccans and we are engaged together with the UN to advance a political solution,” a senior US official said. “Our position remains steady,” […]

Central bank sees automotive sector exports at $20 bln by 2026

Morocco’s central bank gave a promising outlook for Morocco’s current account balance putting emphasis on the growing exports of the automotive sector, seen at a record 20 billion dollars by 2026. Likewise, the bank expects Morocco’s phosphates and derivatives exports would settle at 10 billion dollars, while remittances from Moroccans abroad and tourism receipts would […]

BNP Paribas divests its South Africa corporate banks

After Shell, BNP Paribas has ditched its corporate banking business in South Africa, amid a spate of divestments by major multinationals. BNP Paribas, the largest bank in the EU, withdrew from South Africa after 12 years, as it seeks to consolidate its European and Asian business. BNP Paribas is also part of a series of […]