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Category: Finance
Morocco turns to taxes to cut deficit
Morocco plans to increase the budget for health, education and social safety nets next year but expects the budget deficit to be reduced thanks to ... Read More
UN ‘urgently’ needs $13 million for Palestinian refugees in Lebanon
The United Nations agency for Palestinian refugees (UNRWA) appealed Friday for $13 million in funding to support Palestinians in Lebanon, as the country reels from ... Read More
Morocco Donates 25K Tons of Fertilizer for Senegalese Small Farmers
Morocco’s OCP has donated Senegal 25,000 tons of phosphate products for the benefit of Senegalese small farmers. The products were handed over, Thursday in Diamniadio, ... Read More
Rabat & Berlin agree on €242 Mln cooperation program for 2023
Morocco and Germany have agreed on a €242 million cooperation program to be carried out in 2023, focusing on green energy, sustainable economy, employment and ... Read More
EIB provides Morocco’s exporting SMEs financial backstop to step up competitiveness
The European Investment Bank (EIB) has pledged to guarantee loans extended to Moroccan exporting SMEs operating in the automotive, textile, agro-industry and agricultural sectors. An ... Read More
Kenya demands renegotiation of $5bn borrowed from China
Kenya wants to renegotiate a multibillion-dollar loan from China that was used to build a major railway because though the country is up to date ... Read More
US pledges additional $44m to Niger to address food insecurity
The United States has pledged to disburse additional $44 million to Niger to help the West African country address food insecurity. The announcement was made ... Read More
Morocco: King appoints Mohamed Benchaaboun as head of the Mohammed VI Fund for Investment
King Mohammed VI has appointed Mohamed Benchaaboun as head of the Mohammed VI Investment Fund, at a time Morocco assigns particular importance to spurring private ... Read More
World’s worst-performing currencies: Ghana’s cedi, as Nigeria’s naira, SA’s rand also struggle
Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the ... Read More
Morocco’s 2023 budget to foster well-fare state
The ministerial council chaired by King Mohammed VI has approved a draft budget that aims at fostering the pillars of the welfare state by focusing ... Read More