First Independent Mena Newspaper
State fund CDG said that the losses due to coronavirus could amount to $5.4 billion (54 billion dirhams) with Morocco expecting a recession in 2020. The study was based on the hypothesis of a four-month-long crisis and a gradual resumption of activity by July 2020. It expects agricultural production to contract by 6% with only […]
Radio France Internationale (RFI) has hailed Morocco for having adopted multiple initiatives that are sometimes “very innovative” to help underprivileged populations during the COVID-19 health crisis. “Since the onset of the coronavirus crisis, billions of euros have been mobilized by states and international institutions to try to cushion the country from the economic shock. However, […]
Morocco will invest $1 million in scientific research in areas related to the management of pandemic crises, with focus in the short term on the Coronavirus pandemic. The Ministry of Higher Education and Scientific Research announced the adoption of a support program for multidisciplinary scientific research in areas related to pandemic crises, for which a […]
Doctors, nurses and other medical staff who treat coronavirus patients will be paid for the risk they are exposed to, a health ministry source told Moroccan media. The ministry has confirmed to different health system unions that they will pay the family of the doctor who lost her life due to a coronavirus infection as […]
The EBRD, together with the European Union (EU), is stepping up efforts to support small and medium-sized enterprises managed and owned by businesswomen in Morocco, amidst the coronavirus pandemic, considering that women entrepreneurs are expected to be disproportionately affected by the crisis as their firms tend to be concentrated in certain sectors. The EBRD is […]
The African Development Bank Group has announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution’s primary channel for its efforts to address the crisis. It provides up […]
Egypt Railway Authority is in the process of buying 50 new locomotives from German multinational conglomerate company as the most populated Arab country embarks modernizing its rail way sector. The deal which is in the pipeline according to Arab Finance Brokerage includes maintenance works for 50 of Siemens Henschel, a model that has been efficiently […]
Moroccan Employers’ Association (CGEM) and the International Finance Corporation (IFC), a World Bank Group institution dedicated to the private sector, are pooling efforts to support innovative Moroccan startups selected as part of the #SolidariTECH initiative. This partnership aims to deploy the solutions proposed by these startups in neighboring countries such as Algeria and Tunisia and […]
The World Bank has warned that the rapidlyspreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years. The International lender’s Africa’s Pulse report released on Tuesday said the region’s economy will contract 2.1% to 5.1% from growth of 2.4% last year, and that the coronavirus […]
Morocco’s gross domestic product is set to recede in the second quarter by 1.8% as the coronavirus and the measures relating to it halted most of services and hit sectors that are vital to foreign currency revenues, the high commission for planning HCP said. The economy is expected to grow only by 1.1% in the […]