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Moroccan think tank says economy could lose 1.6% of GDP due to oil shock

A 20% rise in global oil prices could shave 1.6% off Morocco’s GDP and put more than 5% of its workforce at risk, highlighting the country’s exposure to energy shocks linked to tensions around the Strait of Hormuz, according to a report by the Policy Center for the New South (PCNS). The Moroccan think tank […]

Niger’s President sends message to King Mohammed VI

President of Niger Mohamed Bazoum has sent a message to King Mohammed VI. The message was carried by Niger’s Minister of Energy and Renewable Energies, Ibrahim Yacoubou, who held a meeting in Rabat Friday with Foreign Minister Nasser Bourita. “I am carrying a message from the President of the Republic of Niger to the Very […]

Morocco joins Pan-African payment and settlement system

Morocco’s Central Bank has joined the Pan-African Payment and Settlement System (PAPSS), a centralized financial market infrastructure that enables the efficient flow of money securely across African borders, minimizing risk and contributing to financial integration across the Continent. Morocco becomes the 17th country adhering to PAPSS developed by the African Export-Import Bank (Afreximbank) in partnership […]