Africa Headlines International

Mozambique: illicit trade in ‘conflict timber’ smuggled to China funds insurgency, EIA warns

Timber smuggling, estimated to be worth $23 million a year, from Mozambique’s ancient forests to China is helping to fund the country’s Islamic-State linked militants operating in its northernmost province of Cabo Delgado, according to a new report by Environmental Investigation Agency (EIA), A multi-year investigation by the NGO, which campaigns against alleged environmental crime, […]

Business Emerging Markets Features Headlines Morocco

EBRD Forecasts 3.1 % Growth in Morocco in 2023

Economic growth in Morocco is expected to pick up to 3.1 per cent in 2023, announced on Tuesday by the European Bank for Reconstruction and Development (EBRD). In its latest Regional Economic Prospects (REP) report, the Bank’s analysts explained the projected Moroccan economic growth by the anticipated agricultural recovery, moderate inflation and the country’s removal […]

Business Features Finance Headlines Morocco

Morocco officially exits Financial Action Task Force gray list

The Financial Action Task Force (FATF) has decided, unanimously by its members, to remove Morocco from the gray list, during the FATF General Assembly, held in Paris on February 20-24, 2023, the Department of the Head of Government announced Friday. “The Financial Action Task Force (FATF) decided, unanimously by its members, to remove the Kingdom […]