Fitch Affirms Morocco at BBB- Rating & Revises Outlook to Negative

Fitch Ratings has affirmed Morocco at ‘BBB-‘ rating and revised the Outlook on country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to negative. The global rating agency explained the negative outlook by the impact of the coronavirus pandemic on the Moroccan economy which will experience the sharpest GDP contraction in 25 years, besides a marked increase […]

Kenya suffers partial grid collapse

Most of Kenya was cut off from electricity on Friday following major grid failures, grid operator and the energy ministry said. The outage was blamed on two trips at a transmission line and on the Ethiopia-Kenya high voltage transmission line, Energy Minister Opiyo Wandayi said in a statement. “The loss of 488MW, accounting for 27.3% […]

Gabon Celebrates 62nd Independence Anniversary in Laayoune

For the second consecutive year, the Embassy of Gabon in Rabat has chosen to celebrate the country’s 62nd independence anniversary in the Moroccan southern city of Laayoune, which is hosting a Gabonese Consulate General since January 2020. The celebration of the national event in Laayoune reflects once more Gabon’s unwavering support for the Moroccan Sahara […]