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Morocco plans to develop long-range passenger ferries

Morocco is ready to support the private sector in order to develop national long-range passenger ships linking Moroccan ports to European peers, transport minister Abdelkader Amara said. Morocco already has a fleet that links Moroccan cities to southern Spanish ports but passenger traffic between the two countries has been cancelled this year due to Covid-19, […]

Ghana to join regional bloc’s new currency

The government of Ghana has announced it plans to join the West African currency that will replace the CFA franc in 2020 in eight regional countries. The adoption of the new currency, which is called the Eco, would make Ghana the bloc’s largest economy, ahead of neighboring Côte d’Ivoire, but it urged members of the […]

Lack of job opportunities push many Moroccans to informal economy- Central Bank

Fewer job opportunities meant that many people had to seek jobs at Morocco’s large informal economy leaving many young people in vulnerable conditions, the central bank said in its annual report. The coronavirus pandemic has revealed the scale of the underground economy, which showed that 5 million households, representing more than half the Moroccan population, […]