Morocco’s economic growth is expected to reach 2.4% in Q1-2024, marking a decline from the +3.5% growth recorded during the same period the previous year, according to the economic growth projection of the statistics office, le Haut-Commissariat au Plan ((HCP) for the first quarter of 2024. According to the HCP’s economic outlook for the fourth […]
Emerging Markets
2024 Korea-Africa Summit: Another setback for Algerian regime as Seoul refuses Polisario’s participation
The government of South Korea has excluded the Algeria-backed Polisario separatist group from the list of invitees to the 2024 Korea-Africa summit, dealing another hard blow to the Algerian regime. According to diplomatic sources, Morocco has been invited to take part in the event by Seoul which has affirmed that ONLY sovereign African states recognized […]
Morocco’s Central Bank Governor, best central banker in Africa
Governor of Bank Al-Maghrib (BAM), Abdellatif Jouahri, was named “Best Central Banker in Africa for 2024” by the London-based financial and international affairs magazine “The Banker”, affiliated to the “Financial Times” group. The Banker’s Central Banker of the Year 2024 awards celebrate the officials who have best managed to stimulate growth and stabilize their economy. […]
Dakhla, poised to serve as gateway to west Africa, Sahel
Morocco is matching words with actions as far as making the Sahara territory a bridge to the rest of Africa through win-win partnerships. The Atlantic initiative, spurred by King Mohammed VI, aims to benefit landlocked Sahel countries from the future 1bln Dakhla port and other logistics and infrastructure to help them access global trade and […]
Marrakech, top trending destination in 2024- Airbnb says
Marrakech was ranked among the World’s top trending destinations in 2024 for vacation, rental platform Airbnb said. The Red city, known for its well-preserved centuries-old monuments and vibrant nightlife, was ranked 6th among 24 most attractive cities to visit this year, Airbnb said in a recent report. The ranking evidences the city’s resilience a few […]
Morocco steps up extensive social reform program, introduces direct financial assistance for needy families
Morocco has stepped up its extensive social reform program by introducing direct financial assistance for needy families. As of this December 28, nearly one million families, or 3.5 million Moroccans, started receiving direct financial assistance for the first time. This long-awaited measure ensures a minimum amount of 500 dirhams (about 45 euros) per month, regardless […]
AI integration into public services, Morocco ranks 5th in Africa
Morocco ranked fifth in the list of African countries ready to effectively integrate AI into public services, according to the Oxford Institute AI readiness index. With an overall score of 43.34 out of 100, the Kingdom is becoming increasingly ready to embrace and implement the technology, according to the “Government AI Readiness Index 2023” report, […]
Seychelles: Central Bank Chief steps down in March 2024
The governor of the Central Bank of Seychelles (CBS) Caroline Abel, will leave her position in March 2024 when her contract ends. C. Abel made the announcement during the CBS press conference on the monetary policy for the upcoming three months, State-run news agency reports. “Today is my last press conference as governor of the […]
Retrospective 2023: Morocco’s Football World Cup Dream Becomes Reality!
Morocco’s football fairytale continues to inspire and impress the world which has recognized the major strides accomplished by the country in the field of sports under the leadership of King Mohammed VI. In early October 2023, the success-story of the North African Kingdom was crowned with the announcement made by the Monarch to the Moroccan […]
Russia re-opens embassy in Burkina Faso after nearly 32-year absence
Russia has re-opened its Embassy in Burkina Faso’s capital Ouagadougou, nearly 32 years after shutting down the mission. This comes amid growing ties between the two countries. Russia’s Ambassador to Côte d’Ivoire and Burkina Faso, Alexei Saltykov witnessed the ceremony alongside his host, Burkina Faso’s top diplomat, Karamoko Jean Marie Traore. The Russian diplomat underscored […]









