SALAME

Morocco moves to next step in dirham flexibility reform

Morocco moves on Monday March 9 to the next step in its currency reform broadening the fluctuation band for the dirham to 5% from 2.5% amid positive macro-economic conditions and enough international reserves, the finance ministry said. The North African country launched a gradual floating of its currency in January 2018, raising the official band […]

UN, AfDB reports carefully optimistic about Africa’s 2025 economic outlook, despite headwinds

This year, Africa is poised for modest economic growth, with recovery driven by the continent’s major economies, says a new UN report, with the AfDB projecting an annual growth rate of 4.3%, up from 3.7% last year. Nigeria, Egypt, and South Africa are expected to spur economic growth on the continent in 2025, according to […]

Morocco’s Contest over Price and Size of Bread

Morocco’s bakers have decided to halt the planned increase in bread prices following the pending talks with government. The Moroccan Federation of Bakers and Patissiers (FBPM) agreed that for now the prices of 10-30 centimeter loaves of bread are going to stay the same. The envisaged price increase should have concerned about 15,000 bakeries. According […]