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A Somber Christmas Eve Amid Global Conflicts

Christmas Eve in 2024 was marked by an air of somber reflection as the world observed the holiday under the shadow of ongoing conflicts, particularly the wars in Gaza and Ukraine. Bethlehem, the traditional birthplace of Jesus, stood as a poignant symbol of these struggles, with its streets quieter than......

Morocco's digital security transformation: DGSN reports major advances in crime prevention and public services

Morocco's General Directorate of National Security (DGSN) has unveiled its comprehensive 2024 annual report, highlighting substantial progress in digital services, crime prevention, and security infrastructure modernization. The report showcases remarkable achievements in public safety and technological......

World Bank Provides Emergency Aid to Vanuatu After Devastating Earthquake

The World Bank has announced a $12 million grant to Vanuatu to support the country's emergency response and reconstruction efforts following a powerful earthquake that struck the archipelago on December 17. The 7.3-magnitude quake resulted in significant loss of life and widespread damage. Stephen......

EU's 'Grow & Pitch' Program Recognizes Top Souss-Massa Cooperatives for Sustainable Development

The Souss-Massa region has witnessed a significant milestone in cooperative development through the successful conclusion of the "Grow & Pitch" program, a collaborative initiative between the European Investment Bank (EIB), European Union (EU), and Bank of Africa, in partnership with the......

Morocco’s Agricultural Diplomacy: Navigating Climate Challenges and Global Trade

Morocco’s thriving agricultural sector has long been a cornerstone of its economy and international engagement. Yet, as climate change intensifies, the nation faces mounting challenges that could reshape its agricultural landscape and global trade relationships. Agriculture as an Economic Pillar Agriculture......

Morocco's Economic Outlook Brightens as Inflation Set to Drop to 1% in 2024

Morocco's inflation rate is projected to decline significantly, reaching a five-year low of 1% in the fourth quarter of 2024, according to Bank Al-Maghrib (BAM), the country's central bank. This marks a substantial improvement from the 6.1% rate recorded in 2023. Core inflation, excluding volatile......

Morocco’s 2030 World Cup: Strategic Financial Planning Essential for Success

Abdellatif Jouahri, Governor of Bank Al-Maghrib, has called for meticulous financial planning ahead of Morocco’s co-hosting of the 2030 FIFA World Cup. Speaking during the bank’s quarterly board meeting, Jouahri emphasized the importance of fostering sustainable economic growth and warned......

Morocco's Shift from Cryptocurrency Ban to Regulation

In 2017, Morocco implemented a ban on cryptocurrencies, a measure that did not prevent underground trading within the country. However, the national financial regulators have now acknowledged the necessity of transitioning from prohibition to regulation. This shift has been supported by major economic......

OCP Africa Partners with Niger to Transform Agricultural Value Chains

OCP Africa, a subsidiary of Morocco’s OCP Group, has entered into a landmark partnership with Niger’s Ministry of Agriculture and Livestock to improve the country’s agricultural value chains. The agreement, announced on Friday, aims to promote sustainable agricultural development and......