pecheur

Fitch Solutions expect Morocco’s central bank to cut benchmark rate to 2.25% in H2

Morocco’s central bank is expected to take more monetary easing steps in the second half of this year by cutting the benchmark rate to 2.25% from 2.75% currently, Fitch Solutions said. “We forecast that BAM will cut its policy rate in another two steps of 25bps in September and December 2024, to 2.25% by end-year […]

Tunisia: Army foils intrusion attempt by armed group from Libya

The Tunisian army has thwarted an attempt by an armed group from Libya to sneak onto Tunisia. A security source from Ben Guerdane, southern Tunisia, near the Libyan border told local radio Mosaïque FM that the army repelled the attempt. The source did not identify the armed group but said the two sides traded gun […]

US agency offers Sierra Loan $430 mln grant to boost electricity access

The Millennium Challenge Corporation, a U.S. state development fund, offered a grant of $430 million to help Sierra Leone generalize electricity access. The grant would back efforts to give electricity access to some 4.6 million people in the country where 30% of the population lacks electricity. Electricity access is a major issue in Sub-Saharan Africa, […]