Africa Headlines

Sudan: Nearly 2,000 Civilians Displaced from Heglig Following RSF Takeover in West Kordofan

Nearly 2,000 civilians were displaced from Sudan’s western city of Heglig in West Kordofan after a nine-day journey following the city’s seizure by the paramilitary Rapid Support Forces (RSF), local media reported on Tuesday, December 16. Qamar El-Din Mohamed, governor of White Nile State, said that 1,850 displaced individuals arrived in the city of Kosti, […]

Africa Finance Headlines

Alliance of Sahel States launches investment bank with $820 million capital

The Alliance of Sahel States (AES), comprising Mali, Burkina Faso and Niger, has created a regional investment bank with an initial capital of 500 billion CFA francs (about $820 million), aimed at financing infrastructure and development projects across the three countries. The institution, named the Confederation Bank for Investment and Development (BCID-AES), is designed to […]

Headlines Morocco

Morocco steps up emergency response as cold wave grips 28 provinces

Morocco has launched a large-scale emergency operation to assist thousands of families affected by severe winter conditions, following the high instructions of King Mohammed VI, the Mohammed V Foundation for Solidarity said Tuesday. The “Grand Froid” operation aims to deliver urgent humanitarian aid to vulnerable communities hit by freezing temperatures, heavy rain and snow across […]

Headlines Morocco Technology

Morocco’s INWI lands MEDUSA submarine cable in Nador

Moroccan telecom operator INWI said on Dec 16 it has landed the MEDUSA submarine cable in Nador, a move aimed at strengthening the country’s international connectivity and its position as a regional digital hub. The cable, developed by AFR-IX telecom, spans more than 8,700 km and is set to become the Mediterranean’s largest connectivity system, […]

Africa Culture Headlines Morocco

Rabat Confirmed as Seat of African Capitals of Culture Committee

Rabat will host the headquarters of the African Capitals of Culture Committee after African Union ministers unanimously endorsed the move at a meeting in Burundi last week, cementing Morocco’s role as a driver of cultural diplomacy on the continent. The decision, adopted during the fifth session of the AU’s specialized technical committee on youth, culture […]

Finance Headlines Morocco

Morocco’s Central Bank Holds Interest Rate at 2.25%, Sees Growth at 5% in 2025

Morocco’s central bank kept its benchmark interest rate unchanged at 2.25% on Tuesday, citing contained inflation and steady economic recovery, while projecting growth to reach 5% in 2025 before easing to an average of 4.5% in 2026 and 2027. Bank Al-Maghrib’s board, meeting for its fourth quarterly session of the year, said agricultural output is […]

Headlines Mauritania Morocco

Morocco & Mauritania to Step up Military Training Cooperation

A delegation from the Royal Military Academy of Meknes paid lately a visit to Mauritania’s Joint Arms Military Academy to explore cooperation prospects in military training. The Moroccan delegation, led by Commander Mamdouh Al-Mehdi, was composed of third-year officer cadets. They were received by Col. Mohamed El Amine Abdel Moulah, Commander of the Mauritanian Military […]

Business Europe Headlines Morocco

Marsa Maroc Acquires 45 Percent Stake in Spanish Port Operator Boluda

Morocco’s leading port operator Marsa Maroc has acquired 45 percent capital and voting rights in Spain’s Boluda Corporacion Maritima (BMT) for €80 million, establishing strategic presence across the Strait of Gibraltar. BMT operates nine ports spanning the Iberian Peninsula and Canary Islands. This strategic partnership “opens pathways to synergies” between both groups, “pooling complementary expertise […]

Europe Finance Headlines Morocco

EBRD Morocco Contracts Reach Historic $1 Billion Milestone in 2025

The European Bank for Reconstruction and Development (EBRD) celebrated record contract signings with Morocco totaling approximately $1 billion in 2025, marking unprecedented collaboration between the development institution and the North African kingdom. The bank’s First Vice President Greg Guyett, who is on a visit to the Kingdom this week, attributed this positive momentum to close […]

Emerging Markets Finance Headlines Morocco

Morocco Shifts Public Investment Strategy Toward Performance, Regional Equity

Morocco’s government has prioritized public investment performance and its tangible impact on economic growth, job creation, and territorial equity, according to Budget Minister Fouzi Lekjaa. This orientation aligns with royal directives calling for transition from quantitative to qualitative approaches in public investment management. Speaking at the parliament question time, Lekjaa emphasized that sectoral studies demonstrate […]