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Morocco rejects Fitch Rating report on banking sector

Morocco’s central bank has efficient and effective regulatory control of the banking sector contrary to what Fitch rating claimed in a recent report, said head of the bank Abdellatif Jouahri. The central bank governor, who was speaking to reporters, said Fitch was wrong in its conclusions that run contrary to what other international rating agencies […]

Morocco, only African country, to benefit from $304 million indefinite-delivery F-16 jet support deal

Morocco has been selected as the only African country included in a new $303.6 million U.S. Foreign Military Sales (FMS) contract for F-16 radar repair and support services, Business Insider Africa reported. The contract was awarded to Northrop Grumman Systems Corp., one of the United States’ leading defense manufacturers. This cooperation underscores Morocco’s strategic partnership […]

Morocco Set to Join AU’s Peace & Security Council

Morocco is set to be a major player within the African Union by integrating its supreme decision making body on peace and security issues: the Peace and Security Council (PSC). Morocco’s ambition to be member of the most important body within the African Union was expressed by Foreign Minister Nasser Bourita during talks recently in […]