Abderrahmane Youssoufi

EAC trade hampered by NTBs, lack of credit and dollar scarcity — EABC report

Difficulties in securing foreign currencies and lack of affordable credit in the wake of rising interest rates are major challenges facing traders in the East African Community, according to a new report on the Ease of Doing Business in the EAC 2023, that also highlights traders still facing challenges at borders and markets despite harmonized […]

Germany backs Morocco’s reforms – Joint Statement

Germany supports the reforms undertaken by Morocco over the past two decades, which have led to significant political, economic and social progress under the leadership of King Mohammed VI, underlined a Joint statement issued on Thursday following video talks between Foreign Minister Nasser Bourita and German Minister for Economic Cooperation and Development, Svenja Schulze. The […]

New study estimates Morocco earthquake damage at $300mln

A new assessment by the Policy Center for The New South put the material damage of Sept 8 earthquake at 3 billion dirhams ($300 million), accounting for nearly 0.2% of Morocco’s GDP. The quake which hit vast swathes in the High Atlas mountains killed 3000 people and damaged 59,674 buildings, of which 32% were destroyed […]