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Living on the edge in sub-Saharan Africa — IMF report

Sub-Saharan Africa’s economic activity is expected to slow significantly in 2022 and remain relatively modest in 2023 and looking ahead, the outlook remains highly uncertain, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook for Sub-Saharan Africa. A downturn in advanced economies and emerging markets, tighter financial conditions, and volatile commodity prices, […]

Moroccan energy company to build refinery in north with Russian help

Morocco’s MYA Energy, Russian Development Bank and Russia’s export center agreed to build a 2 billion euro refiner with an initial 100,000 barrel per day capacity in northern Morocco. The refinery is designed to reach a target of 200,000 barrels per day and will offer thousands of jobs to locals, MAP news agency said. Citing […]

French Development Agency Committed to Implementing Development Projects in Morocco’s Southern Provinces

The French Development Agency (AFD) is committed to implementing the commitments made during the visit of French President Emmanuel Macron to Morocco in October 2024, notably development projects in the Kingdom’s Southern Provinces, the Agency’s Chief Executive Officer, Rémy Rioux, said on Thursday in Rabat. Speaking at a press briefing following talks with the Minister […]