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Category: Emerging Markets
Morocco’s Central Bank expects meagre cereals harvest due to drought
Drought has shattered prospects for a good harvest this year with only 2.5 million tons expected, down from 5.51 million tons last year, Morocco’s central ... Read More
Spain set to have better ties with Morocco- FM
Spain is committed to further improving ties with Morocco, said the Spanish Foreign Minister, describing Morocco as a “key partner.” “Spain should have the best ... Read More
US ramps up efforts to access Africa’s critical minerals to counter China’s dominance
Africa will play a "huge role" in America’s critical mineral strategy, says US Deputy Treasury Secretary Wally Adeyemo who used his five-day trip to South ... Read More
Société Générale informs Central Bank of its decision to leave Morocco
French bank, Société Générale, has informed Morocco’s Central Bank of its intention to leave the country, as part of a plan to withdraw from the ... Read More
Morocco’s Central Bank keeps key rate unchanged at 3 % & expects 2.1 % Growth in 2024
Morocco’s central bank has decided to maintain the current key rate at 3 percent and expects the country’s economic growth to be limited to 2.1 ... Read More
East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis
East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to ... Read More
Côte d’Ivoire seeks OPEC membership after major oil finds
Côte d’Ivoire is in the process of meeting the criteria to join the OPEC, the country’s oil and mining minister amadou Sangafowa Coulibaly announced. This ... Read More
Rabat to host Africa Investment Forum in December
The Africa investment forum, which mobilized so far investments totaling 180 billion dollars, will hold its flagship event in Rabat on December 4-6, the African ... Read More
US looks to Africa to secure energy transition metals
Amid growing global competition for strategic minerals, the US is relying on Africa to reduce the dominance of China over resources used for electric batteries, ... Read More
Morocco’s BCP Bank posts 10.6% net banking income increase
Morocco’s second biggest lender, BCP, said its net banking income rose 10.6% to 22.8 billion dirhams in 2023. This performance is attributed to the strengthening ... Read More