Mohammed VI cup

Remittances from Moroccans abroad to hit record level in 2022

Remittances from Moroccans abroad are expected to hit 11 billion dollars, a record level compared to 9.3 billion last year, the World Bank said in a recent report. Remittances are key to feeding Morocco’s foreign exchange reserves, which cover around 6 months of import needs, according to the central bank. Morocco, whose diaspora is mainly […]

Morocco Contributes $5 Mln to African Development Fund

Morocco has contributed $5 million to the African Development Fund (ADF), which provides concessional funding for projects, technical assistance for studies and capacity-building activities in Africa. The Moroccan contribution was made during the Fund’s 16th replenishment meeting convened in Tangier Dec.5-6 to raise money for low-income African countries to enable them counter social and economic […]

Morocco to foster African leadership in post-coronavirus- French media says

Morocco has stood out in Africa as a leader that developed an efficient anti-coronavirus approach while preparing the ground for tapping into the opportunities offered by the pandemic for economic and geo-strategic leadership in the continent, French paper Le Point reported. In an article dubbed “Morocco, a future African champion”, the paper highlights Morocco’s position […]