mauritania

Algeria already failing to honor gas supply deals with Spain

Algeria has reduced by 25% gas supplies to Spain, after the latter changed its stance to support Morocco’s Sahara autonomy plan, Spanish media said. The gas transiting through the Medgaz pipeline was down by a quarter since Spain edged closer to Morocco, confirming once more forecasts by analysts who had warned Spain of Algeria’s unreliability […]

World Bank brings to $300 million funding to Morocco’s risk management system

The World Bank has added $100 million to an existing $200 million loan to help Morocco manage natural risks and hazards. “Protecting the people and economy against natural hazard can save Morocco over US$800 million a year,” said Jesko Hentschel, World Bank Maghreb Country Director. “Developing more resilience to the risk of natural disaster is […]

AfDB expects Morocco’s growth to reach 3.5% in 2024 & 3.8% in 2025

Morocco’s economic growth is expected to reach 3.5 pc in 2024 and 3.8% in 2025, driven by higher investment, according to latest projections released by the African Development Bank. In its African Economic Outlook 2024 report, the Bank said inflation is projected to fall slightly to 4.1% in 2024 and 3.8% in 2025, as world […]