Africa Emerging Markets Finance Headlines International Morocco

AfDB supports Morocco’s healthcare in rural areas with €120 Mln funding

The African Development Bank has announced a €120-million funding to support Morocco’s efforts to improve women-children’s healthcare in rural areas, especially in the regions of Beni Mellal-Khenifra, Draa-Tafilalet and Guelmim-Oued Noun. The bank’s financial support is destined to improve access to healthcare centers, modernize health services through innovative solutions that improve connectivity and streamline their […]

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Morocco reiterates unwavering commitment to international efforts to combat terrorism

Morocco has reaffirmed its unwavering commitment to international efforts to combat the terrorist threat, pursuant to the guidelines of King Mohammed VI, establishing a multidimensional approach that combines the achievement of security and peace with the goals of sustainable development and progress. The remarks were made by a senior official of the Moroccan Foreign Ministry […]

Africa Headlines International Morocco

African Lion 2023: Exercise in Agadir to test FAR rescue & salvage unit’s responsiveness to WMD attack

As part of Moroccan-US cooperation in disaster management, a synthetic exercise on the fight against weapons of mass destruction (WMD) took place on Thursday in Agadir to assess the responsiveness of the Royal Armed Forces’ Rescue and Salvage Unit (USS-FAR) to deal with a crisis situation involving nuclear, radiological, biological and chemical (NRBC) risks. This […]

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Libya: Morocco commended for its facilitation efforts in crisis settlement process

Several countries have joined their voices to international and regional organizations to commend Morocco for its facilitation efforts in the settlement process of the Libyan crisis. The United Nations, through the Secretary-General’s spokesperson, Stéphane Dujarric, expressed thanks to Morocco for its efforts to facilitate compromises on electoral laws between Libyan parties convening in Bouznika. The […]

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Egypt, Angola ink two cooperation deals covering several areas

Egypt and Angola signed Wednesday two Memorandum of understanding (MoU) for cooperation in fields of security and groundwater on the sideline of the visit of the Egyptian leader Abdelfattah al-Sisi. Angolan President Joao Lourenco and his guest al-Sisi witnessed the signings following talks between the two leaders. The talks according to al-Sisi’s Office covered a […]

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Israel to recognize Morocco’s sovereignty over the Sahara – media reports

Israel is on the way to announce a formal recognition of Morocco’s territorial integrity and sovereignty over the Sahara, according to Israeli media. The issue is at the heart of a visit to Morocco by Israel’s National Security Adviser Tzachi Hanegbi who met on Wednesday Morocco’s foreign minister Nasser Bourita. Israel’s transport minister Miri Regev, […]

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OECD forecasts 3.5% growth rate for Morocco in 2023

The Organization for Economic Co-operation and Development (OECD) projected the Moroccan economy to grow by 3.5% this year and 3.7% next year, in an optimistic forecast that is closer to the government’s expectations of 4%. In its recent projections, Morocco’s central bank sees the economy growing by 2.6% this year from 1.2% last year. The […]

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France-Africa: Société Générale pulls out of four African countries

Paris-based multinational financial services company, Société Générale, also known as SocGen, has withdrawn from four African countries, namely Chad, Congo, Equatorial Guinea, and Mauritania. The company announced this Thursday that it has signed agreements with two pan-African banking groups for the sale of its subsidiaries in the four African countries. The company has not disclosed […]

Africa International

Chad thaws ties with Cameroon, ambassador returns to Yaounde

Chad’s ambassador to Cameroon Djidda Moussa Outhman returned Wednesday to Yaounde, the Cameroonian capital, nearly two months after being recalled for consultation in protest to Cameroon’s reaction after authorities nationalized an oil company. Chad Foreign ministry in a statement issued Wednesday indicated that Outhman is back to Cameroon. Both countries fell out in April after […]

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Rwanda: Paul Kagame conducts major overhaul of army

Rwandan President Paul Kagame has dismissed over 100 army senior commanders and terminated the contracts of 112 others, in a major overhaul of the army. The army, which announced the decision in a statement Wednesday, said 14 other top commanders, including Major General Aloys Muganga and Brigadier General Francis Mutiganda, have been also fired. The […]