Category: Business

Nigeria’s oil authorities expect FID on Morocco gas pipeline by year’s end

March 21, 2024

A final investment decision (FID) to build the Nigeria-Morocco gas pipeline is expected to be reached by the end of 2024, chief of state-owned Nigerian ... Read More

Morocco’s Central Bank expects meagre cereals harvest due to drought

March 21, 2024

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

March 21, 2024

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

March 21, 2024

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

Air France loses €65 million after being chased from Sahel

March 21, 2024

Air France has lost up to 65 million euros after its business in the Sahel was disrupted by a ban by coup countries: Burkina Faso, ... Read More

Société Générale informs Central Bank of its decision to leave Morocco

March 21, 2024

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

U.S. approves $260 Mln Javelin Anti-Tank Missile sale to Morocco

March 20, 2024

The State Department has approved the sale to Morocco of Javelin missiles, an advanced portable anti-tank weapon system expected to strengthen further the Kingdom’s military ... Read More

Morocco’s Central Bank keeps key rate unchanged at 3 % & expects 2.1 % Growth in 2024

March 20, 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

March 20, 2024

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

Moroccan carrier to launch new direct routes to Manchester, Naples, Abuja by June

March 19, 2024

Morocco’s flag carrier Royal Air Maroc (RAM) announced that it will launch, as part of its plan to strengthen its network and in preparation for ... Read More