Child receiving vaccine

Fitch Rates Morocco ‘BB+’ with a Stable Outlook

Fitch Ratings has assigned Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) ‘BB+’ rating with a stable outlook due to the country’s macroeconomic stability, low inflation, a moderate share of foreign-currency debt in total general government debt and comfortable external liquidity buffers. Morocco’s fiscal deficit is expected to narrow to 6.3% of GDP in 2021 from […]

Namibia, first African country to export red meat to US market

Namibia has become the first African country to export red meat to the United States, following nearly two decades of negotiations. “We’re able to finally export meat to the lucrative and big US market,” Namibia’s minister of international relations, Netumbo Nandi-Ndaitwah, said. The state-owned meat firm Meatco sent a shipment of 25 tons of beef […]

Morocco’s Bank of Africa launches major initiative supporting small businesses

Bank of Africa has unveiled a comprehensive campaign to strengthen its position as the primary financial partner for Moroccan entrepreneurs, aligning with national efforts to revitalize the country’s small business sector and entrepreneurial ecosystem. The initiative responds to coordinated government programs led by Bank Al-Maghrib, Regional Investment Centers, and the Employment Ministry, all aimed at […]