Casablanca Finance City

Nigeria looks to Morocco to boost its food security

Nigeria partnered with Morocco to achieve its food security through an increase in use of fertilisers, Nigerian President Muhammadou Buhari said. “We are taking our focus on agriculture to the next level,” said Buhari in a tweet.   Nigeria has Africa’s largest population standing at more than 160 million people with agriculture representing about 40% […]

Morocco receives IMF’s Precautionary Liquidity Line worth $3.47 bln

The Executive Board of the International Monetary Fund (IMF) approved on July 22 a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for 3.47 billion dollars. The new PLL arrangement will provide Morocco with useful insurance against external shocks as the authorities pursue their reform agenda aimed at further strengthening the economy’s […]

Morocco-Spain an example for African-European solidarity

When Spain was struck by an overwhelming power outage, Morocco came to the rescue thanks to an undersea power link, in a show of solidarity that falls in line with the Kingdom’s approach to neighborliness and cross-border cooperation. Morocco mobilized 38% of its national grid production to help Spain after the blackout. Prime Minister Sanchez […]