King-Mohammed-VI-Chakib Benmoussa

Algeria busy supporting Polisario separatists while leaders are myopic to country’s structural problems

Battered by falling oil prices and lack of pro-activeness in addressing the coronavirus and its social and economic repercussions, Algeria’s President Abdelmejid Teboune has attention geared primarily to undermining Morocco’s territorial integrity through generous handouts to the Polisario separatists. When asked by reporters whether Algeria will seek foreign debt to deal with the crisis, Teboune […]

Morocco’s GDP to grow 2.9% in 2022, planning agency says

Morocco’s economic growth will stand at 2.9% in 2022 after 5.8% expected this year, the planning agency said, noting that next year’s forecast is based on an average cereals yield. This year’s forecast is based on indicators of an improvement in domestic and foreign demand amid positive prospects for the mining, industrial and construction sectors, […]

AfDB contributes to sustainability, security of drinking water supply in Morocco with €18 Mln financing

Morocco’s National Office of Electricity and Drinking Water (ONEE) and the African Development Bank (AfDB) signed an additional €18 million financing agreement to ensure the sustainability and security of drinking water supply in several regions of the Kingdom. This additional financial assistance will contribute, with the €115 million loan already mobilized in 2018, to finance […]