CAR MINUSCA

Rabat to Host ‘Afrique en Capitale’ Festival

The Moroccan capital city Rabat is readying to welcome a multitude of African artists and culture-lovers to celebrate African multi-faceted culture and also Morocco’s return to the African Union (AU) enacted on January 30. The “Afrique en Capital” festival, to go on from March 28 to April 28, will bring together movie directors, street art […]

S&P maintains Morocco’s rating at BB+/B with a stable outlook

Credit rating agency Standard & Poor’s Global Ratings has maintained Morocco’s sovereign credit rating at BB+/B with a “stable outlook”, attributed to the country’s ongoing structural reforms that will support robust economic growth. “The stable outlook on Morocco reflects our expectation that ongoing structural reforms will support robust economic growth and help counterbalance external and […]

Morocco’s spending on subsidies more than halved in first quarter this year

Spending as part of the compensation fund subsidizing the prices of fuel, wheat, sugar, and butane gas more than halved to 4.5 billion dirhams in the first quarter this year, auguring well for state finances, according to the finance ministry. Subsidies including cash handouts to transport professionals stood at 44 billion dirhams last year due […]