Morocco’s trade deficit shrunk 23.1% as the pandemic lowered both imports and exports with tourism being the worst hit sector. Tourism revenues dropped 53.8% to 36.3 billion dirhams from 70.7 billion dirhams in 2019 when Morocco received 13 million people. Imports bill dropped 14% thanks in particular to lower energy imports and fewer equipment imports […]
President Mohamed Ould Cheikh El Ghazouani of Mauritania flew from capital Nouakchott to Rabat on Wednesday evening, reported the Mauritanian News Agency AMI. The Mauritanian President’s trip to the Moroccan capital, falls within the framework of a “private visit,” said the agency, without disclosing additional details about the nature or agenda of the trip. It […]
Ghana and the IMF reached a staff level agreement for a loan worth $3 billion, an inroad in the West African country’s efforts to improve its public finances. Ghana is on a debt-restructuring program after it defaulted on most of its $30 billion international debt in 2022. “Performance under the IMF-supported program has been generally […]
