Horst Kohler

Morocco calls for securing financial independence of AU

Morocco insisted, Wednesday in Addis Ababa, before the first meeting of the Permanent Representatives Committee of the African Union (PRC) under Comorian chairmanship, on the need to secure the financial independence of the pan-African organization, whose budget currently dependents on foreign partners. Morocco’s Permanent Representative to the AU and UNECA, Mohamed Arrouchi, who was speaking […]

Morocco Deplores AU Commission Chairperson’s Disregard of AU Constitutive Act

Morocco indirectly deplored the desperate anti-Moroccan stands shown by the African Union Commission Chairperson, Nkosazana Dlamini Zuma of South Africa, who fell short of distributing to the AU member states Morocco’s official request to join the Pan-African organization. With this blatant anti-Moroccan attitude, Dlamini Zuma, an ardent defender of separatism, shows disregard for the AU […]

Morocco braces for deepening budget, trade deficits on back of global economic uncertainties

The surge of commodities prices and its impact on subsidized products augurs ill for the Moroccan economy which has to prepare for a deepening budget and trade deficits. The price of oil has increased from an average of $70 per barrel to $120 while wheat prices tripled, smashing a record high of $375/t as the […]