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Morocco expects to leave FATF grey list in 2023
Morocco is poised to leave the grey list of the Financial Action Task Force (FATF), a move that will facilitate Morocco’s access to international debt market and improve its sovereign rating, central bank governor said. The bank hiked its benchmark interest rate by 50 basis points to 2.5% as it expects inflation to surge to […]
Totalenergies divests from South Africa’s offshore gas
French energy giant Totalenergies divested from its offshore gas operations in South Africa due to the lack of a gas market in the country. There was no South African market to be able to monetize any gas found, said CEO Patrick Pouyanne after the French company reported its third quarter results. The move by Totalenergies […]
Royal Guard distributes 5,000 Ftour meals daily to needy families across Morocco
Morocco’s Royal Guard is organizing, at the instructions of King Mohammed VI, during the current holy month of Ramadan the distribution of Ftour meals to needy families in several Moroccan cities. A statement by the Royal Guard said under the operation, 5.000 Ftour meals are distributed daily in Rabat, Salé Tangiers, Tetouan, Marrakech and N’Khilat […]



