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IFC injects $37 Mln in Morocco’s BLS Logistics Company

The International Finance Corporation has announced a $37 million investment in Morocco’s logistics service provider BLS to support the company’s growth strategy and strengthen Morocco’s position as a regional logistics and trade hub. The IFC funding will help BLS finance its expansion plans, which include creating an estimated 500 new jobs by 2030 through the […]

Morocco Re-elected Chair of International Narcotics Control Board

Morocco has been re-elected Head of the International Narcotics Control Board (INCB) during the 140th session of this international body convening in Vienna May 20-31. The re-election of Moroccan Jallal Toufiq President of INCB for one year is an international recognition of the efforts made by the North African Kingdom in the global fight against […]

African development slowed by sovereign debt

Many African governments, including Kenya and Uganda, are facing unrest due to tax hikes and reduced spending on health and education with the aim to make fiscal spaces for external debt payment. The continent’s foreign debt reached more than $1.1 trillion at the end of last year, according to the African Development Bank, which kept […]