Finance Headlines Morocco

Central Bank cuts interest rate to boost economic activity amid drought, coronavirus fears

The Central Bank cut its benchmark interest rate to 2% to boost economic activity, which, like elsewhere in the world, is expected to reel under the impact of the coronavirus outbreak. Drought has complicated the outlook for Morocco, which expected a contraction of agricultural output plunging growth to 2.3%, according to the central bank. The […]

Business Community Headlines Maghreb Morocco

Coronavirus: Morocco’s King follows up closely evolution of situation

King Mohammed VI chaired, on Tuesday in Casablanca, a meeting focusing on the country’s management of the Coronavirus pandemic and on the actions to be taken according to the evolution of the situation. The meeting is part of the continuous follow-up by the Moroccan Sovereign of the evolution of this pandemic, from the beginning of […]

Headlines Morocco

Salafist arrested for incitement to hatred, prejudice to public order

A Salafist, known for his extremist stands, was arrested on Tuesday for inciting to hatred and violence and compromising public order. An investigation against Abou Naim was opened by the National Brigade of the Judicial Police (BNPJ), under the supervision of the prosecution, said the Directorate General of National Security (DGSN) in a press release. […]

Headlines Morocco

Coronavirus: Prosecutor’s Office tightens measures against fake news spreaders

Morocco’s Public Prosecution Office has called for tightening punitive measures against people spreading fake news on the novel coronavirus (COVID-19) outbreak.   The prosecutor’s office said in a press release this Tuesday, March 17, that it gave firm instructions to courts across the country to take legal action against anyone who spreads fake news about […]

Africa Headlines International

Africa to have 100% testing capacity for Coronavirus – WHO

In coming weeks, all African countries will have the capacity to test for coronavirus as part of preparedness for the rampaging virus, Matshidiso Moeti, the World Health Organization Head for Africa region said on Monday.   According to Moeti, the UN health body is hopeful that all nations in sub-Saharan Africa will be able to […]

Africa Headlines International

Fifty Boko Haram terrorists killed in Niger – Army

At least 50 Boko Haram militants have been killed in Niger, the West African country’s defense ministry says.   According to the army, the Islamist militants had launched an attack, using 20 vehicles, on an army outpost at the south-eastern village of Toummour on Sunday night, but were repelled in a counter-attack.   Troops pursued […]

Africa Headlines International Morocco

Morocco’s capital city to host CAF Confederation Cup

Moroccan capital city, Rabat, has won its bid to host the 2019/20 CAF Confederation Cup final match scheduled for May 24. The one-final game will be played at Prince Moulay Abdellah Stadium. The decision was announced on Monday by CAF, Africa’s football governing body, after reviewing the submitted bids taking into consideration key facilities such […]

Asia Headlines International

Coronavirus: UAE helps Iran with medical supplies

The UAE has sent two aircraft laden with medical supply to Iran, hard hit by the Coronavirus disease, which has affected 16,169 persons and killed 988, according to Tuesday tally. The shipped 32 metric tons of supplies, include thousands of pairs of gloves, surgical masks, and protective equipment. It is the second shipment to Iran, […]

Headlines Tunisia

Tunisia closes borders as Coronavirus cases rise to 24

Tunisian Prime Minister Elyes Fakhfekh Monday said the country is shutting down its borders as part of measures to curb the spread of the Coronavirus disease as the North African country reports 24 confirmed cases. Speaking in an address to the nation, Fakhfekh said only transportation of shipments and repatriation of citizens from abroad are […]

Business Headlines Maghreb Morocco

Morocco eases financial burden on enterprises to mitigate Covid-19 repercussions

Morocco will exempt enterprises from paying their contribution to the pension fund CNSS and will grant them a debt moratorium as part of measures to offset economic impact of the coronavirus, the Moroccan coronavirus economic monitoring committee said in a statement. King Mohammed VI instructed the government on Sunday to create a $1 billion fund […]