Keywords: Debt reduction


Ethiopia reduces foreign debt by over 80%, Boosting economic prospects

Prime Minister Abiy Ahmed announced that Ethiopia has successfully reduced its foreign debt by more than 80%, lowering it from $23 billion to $4.5 billion. This milestone marks a major achievement in the country’s economic management and fiscal discipline. The Ethiopian government......

Morocco: Alliances Group posts 30% rise in net profit in H1 2025

Alliances Group, one of Morocco’s leading real estate developers, reported a net profit of 216 million dirhams at the end of June 2025, marking a 30% increase compared with the same period last year. The company’s gross margin reached 35% of its turnover, according to a statement released......

Moroccan ports see over 4 percent growth in Q1 2025 traffic

During the first quarter of 2025, ports under the management of Morocco’s National Ports Agency (ANP) handled close to 23 million tonnes of cargo, marking a 4.1% increase compared to the same period in 2024. According to a recent statement from the ANP, the agency’s cumulative revenue rose......

Morocco advances anti-corruption efforts, debt reduction, and water management initiatives

The Moroccan government has made significant strides in its anti-corruption agenda, public debt management, and water resource optimization, according to a recent update from government spokesperson Mustapha Baitas. Speaking at a press briefing following the weekly government council meeting, Baitas......