Africa Finance Headlines International

AfDB launches record breaking $3 billion “Fight COVID-19” Social Bond

As the Covid-19 outbreak is spreading quickly in Africa with nearly 3,000 infected people across 45 countries, placing strain on already fragile health systems, and dangerously threatening the continent’s economy, the African Development Bank Group is moving to provide flexible responses aimed at lessening the severe economic and social impact of this pandemic on its […]

Columns Headlines Morocco Opinions

Coronavirus: Moroccans’ inspiring solidarity and generosity

It is true that in times of crisis and disasters, people come together, comfort each other and unite against common threats. In Morocco, the coronavirus pandemic has triggered unprecedented acts of solidarity, and generosity, bringing out the best of Moroccan people. As most Moroccans are staying at home to prevent the spread of Covid-19, the […]

Headlines Morocco

Coronavirus : propagation of fake news leads 56 individuals before court

As the coronavirus pandemic is worrying people worldwide, fake news are swarming on social networks and Morocco is not immune to this virus. However authorities are on the alert, tracking on the net fake content relating to the pandemic of new coronavirus (Covid-19).   The central computer monitoring cell of the Directorate General of National […]

Finance Headlines Maghreb Morocco

Coronavirus: Morocco to give Monthly payments to informal sector workers

Morocco said it will offer monthly payments to every head of a household who became unemployed due to the coronavirus lockdown which Morocco imposed from March 20 to April 20, the finance ministry said. The payments will be offered by the special fund, set up at the orders of King Mohammed VI to upgrade health […]

Business Headlines Maghreb Morocco

Morocco to spend $200 mln on medical equipment to counter covid-19

Morocco will buy ventilators, intensive care beds and laboratory equipment worth $200 million as the country struggles to contain the spread of the virus, the finance ministry said. Morocco is buying 1000 intensive care beds, 550 ventilators, 100,000 testing kits, 100,000 collection kits, imaging and scanning devices, pharmaceutical products and other equipment key to treating […]

Europe Finance Headlines International Morocco

EU to redirect €450 mln to support Morocco’s response to Covid-19

The EU will redirect €450 million promised to Morocco this year to help the country better respond to the coronavirus outbreak.   The amount includes €150 million that will be injected directly in the special fund created by Morocco to fund health system acquisitions and offset the social and economic repercussion of the pandemic, according […]

Americas Finance Headlines International Morocco

US Grants Morocco $670,000 to cushion coronavirus blow

The United States government has granted Morocco $670,000 (6.6 millionDH) to respond to the outbreak of the novel coronavirus (COVID-19), announced the US embassy in Rabat.   The funds are provided by the Emergency Reserve Fund for Contagious Infections Diseases at the US Agency for International Development (USAID), said the embassy in a statement.   […]

Headlines Morocco

Coronavirus: Business as usual in Tanger-Med, health control tightened

The import and export activities in Tanger-Med port continue as usual, but in view of the outbreak of the coronavirus pandemic, it has been proceeded to the tightening of health and sanitary control of professional drivers of international road transport, in accordance with the health emergency decreed in Morocco.   All the services of the […]

Finance Headlines Morocco

Fitch Ratings: Morocco has Buffers against Pressure on its Finances due to Covid-19

Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]

Headlines Morocco

Coronavirus: 55 new cases confirmed in Morocco, total rises to 225

The Ministry of Health Wednesday announced 55 new COVID-19 cases in Morocco. The total number of people infected in the North African country increases to 225 as of Wednesday 6 p.m. with around 14 patients being in critical condition. The ministry also announced the recovery of a 69-year-old patient from Casablanca, bringing the number of […]