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WB supports Morocco’s efforts to improve public sector with $600 Mln funding

The World Bank has approved $600 million funding to Morocco to enable the North African Kingdom finance two projects destined to improve public service and performance. The first project, which gets a $350 million support, aims to improve the governance, restructuring, competitive neutrality, and performance monitoring of state-owned enterprises (SOEs). The 2nd project, entitled “Public […]

IMF revises upwards Morocco’s growth forecast to 1.25% in 2022 and 3% in 2023

The IMF revised upwards its growth projections for the Moroccan economy to 1.25% in 2022 and 3% in 2023, saying Morocco’s resilient exports, robust remittances and tourism recovery had helped offset some of the fallout of external shocks. The Moroccan government however expects growth to stand at 1.5% this year before increasing to 4% next […]

Africa confronts cybercrime wave following major Interpol operation

Interpol’s Operation Serengeti 2.0 has exposed Africa’s vulnerability to cybercrime, resulting in 1,209 arrests across 18 African nations and the United Kingdom, recovering $97.4 million from schemes affecting nearly 88,000 victims. The August 22 announcement highlights escalating digital threats including inheritance scams, ransomware, and business email compromise across the continent. The operation’s success underscores cybercrime’s […]