border Morocco Algeria

Zimbabwe bans use of foreign currencies

The government of Zimbabwe has banned the use of international currencies. The central bank said that effective immediately, currencies including the US dollar and the South African rand, in use since 2009, will no longer be accepted as legal tender. A local quasi currency known as bond notes, which was introduced in 2016 but can’t […]

Morocco sets up foundation to oversee World Cup preparations

Morocco has formally established Fondation 2030, a national body responsible for coordinating the country’s preparations for the FIFA World Cup 2030, which it will co-host with Spain and Portugal. The foundation was created by a Decree, published in the Official Gazette on July 8, 2025. It is recognized as a public utility foundation and will […]

Chinese Sunrise Group Launches $140 Mln Textile Project in Fez

Chinese Sunrise Group has launched a major textile project in the Moroccan city of Fez which will host the 20-ha factory complex, including yarn spinning, weaving, dyeing, printing, and ready-to-wear garment manufacturing. This facility, spearheaded by Sunrise subsidiary Euwen Textiles, will use renewable energy and water recycling systems. It is expected to create around 3,000 […]