The Moroccan government has decided to tighten or re-impose a number of restrictive measures, starting Friday, July 23, following the surge of COVID-19 cases recorded these past days. Under the measures, taken in accordance with the recommendations of the Technical and Scientific Committee in view of the increasing number of contaminations and deaths recorded in […]
Morocco’s trade deficit shrank 6.5% as the country’s energy imports dropped 20%, Morocco’s foreign exchange office said. Energy imports stood at 69 billion dirhams, offsetting a drop in phosphates and fertilizers exports by 40% to 40.8 billion dirhams, due to lower prices. State-owned phosphates and fertilizers producer said a few days ago its sales were […]
As many African countries are struggling to service their debts, a new World Bank report warns that interest payments on long-term debt in sub-Saharan Africa surged nearly seven-fold to $26 billion between 2010 and 2023. The sharp increase came as the region’s foreign borrowing doubled to $864 billion within the same period. Africa’s worsening debt […]
