US expert Ilan BERMAN

Morocco’s Central Bank expects economy to shrink -5.2%, cuts rates to release liquidity

Morocco’s central bank cut the key interest rate from 2% to 1.5% to shore up the economy and reduced the reserve requirement for banks to 0% to release more liquidity. The Bank revised downwards its forecasts for 2020 to -5.2%, the lowest rate since 1996, compared with 2.5% in 2019, as the coronavirus impact and […]

Huge China-Africa expo opens in Changsha

The first China-Africa economic and trade expo kicks-off this Thursday in the central Chinese city of Changsha with the participation of over 1,400 guests and traders from 52 African countries. Launched under the framework of the Forum on China-Africa Cooperation, the expo will establish a new mechanism for economic and trade cooperation between China and […]

Australian Ambassador hails Morocco’s leadership, solidarity in Africa

Australian ambassador to Morocco Berenice Owen-Jones has hailed Morocco’s role and leadership in Africa amid the health crisis due to the COVID-19 pandemic, commending the Kingdom for the medical aid it sent to fifteen African countries to help them in the fight against the coronavirus. “Morocco has shown leadership and solidarity through providing massive medical […]