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Germany backs Morocco’s reforms – Joint Statement

Germany supports the reforms undertaken by Morocco over the past two decades, which have led to significant political, economic and social progress under the leadership of King Mohammed VI, underlined a Joint statement issued on Thursday following video talks between Foreign Minister Nasser Bourita and German Minister for Economic Cooperation and Development, Svenja Schulze. The […]

Gabon launches rail modernization project worth $600 mln

Gabonese authorities said the modernization of its sole railway spanning 650 kilometers would amount to 600 million dollars. A deal was signed with rail operator Setrag to upgrade the railway connecting Port of Owendo to Franceville, local media reported. The government shall contribute with 220 million dollars with the remaining sum to be offered by […]

Morocco’s Central Bank calls for more vigilance vis-a-vis public debt

Morocco’s central bank has called for more vigilance concerning public debt to spare future generations the pain of structural reforms. The statement was made by central bank governor Abdellatif Jouahri following a board meeting that kept the key interest rate unchanged at 2.25%. He said the current rate remains appropriate and dismissed calls for a […]