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Morocco plans to draw on IMF liquidity line – media

Morocco is about to tap into a $3 billion precautionary liquidity line, offered by the IMF in 2018 to help the country face external shocks, Moroccan media reported. The Moroccan government removed the limit on foreign debt on Monday in order to meet its financing needs amid a rise in expenditures and a drop in […]

Concerns grow over Russia’s deployment of ex-convicts as mercenaries in hotspots across Africa

As the war in Ukraine winds down, African leaders are increasingly alarmed by reports that Russia may be sending ex-convicts disguised as mercenary forces to the continent. These individuals, initially recruited to fight on the Ukrainian front, are now feared to be relocated to Africa, raising concerns over escalating violence and instability. Reports suggest that […]

AfDB loans Morocco €100 million in support of infrastructure projects

The African Development Bank (AfDB) approved a €100 million loan for the Municipal Equipment Fund (FEC) to finance new investment and public infrastructure projects in Morocco. These projects will help improve the quality of public services, especially in rural areas as well as spur revenue generating activities, according to an AfDB press release. “We are […]