Business Energy Finance Headlines Morocco

Morocco’s subsidies spending spikes to $1 bln so far this year

Morocco’s spending on cooking gas, sugar and flour subsidies hit 10 billion dirhams ($1 bln) so far this year, compared with 3.8 billion dirhams the same period last year, official figures showed.   This 170% increase is mainly due to the simultaneous post-covid recovery which created high demand on commodities, worsened by an offer shortage […]

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Dangote retains title of ‘Africa’s Richest Man’

Nigerian business mogul Alhaji Aliko Dangote has maintained his spot as Africa’s richest man according to Forbes Magazine. Dangote is ranked by Forbes magazine as the 100th-richest person in the world and the richest in Africa. The Nigerian cement guru was also peaked on the list as 66th most powerful man in the world in […]