TICAD VII Family Photo

Central Bank cuts interest rate to boost economic activity amid drought, coronavirus fears

The Central Bank cut its benchmark interest rate to 2% to boost economic activity, which, like elsewhere in the world, is expected to reel under the impact of the coronavirus outbreak. Drought has complicated the outlook for Morocco, which expected a contraction of agricultural output plunging growth to 2.3%, according to the central bank. The […]

Morocco: 28 people electrocuted to death in a clandestine factory in Tangier

At least 28 people have lost their lives in a clandestine factory in Tangiers (northern Morocco) after they were reportedly electrocuted in a short circuit caused by the torrential rains that are lashing the area. The industrial unit was hosted in an underground garage, located under a residential villa, in western Tangier. The incident occurred […]

EU appoints Czech diplomat as new head of Border Assistance Mission in Libya

The European Union Border Assistance Mission in Libya (EUBAM) has appointed Czech diplomat Jan Vycital as the new head of the mission. The Political and Security Committee of the EU Council decided to appoint Vycital in replacement of Natalina Cea, reports say. The Czech diplomat will assume office on January 1, 2024 and run the […]