After Fitch in October 2020, it is the turn of S&P to downgrade Morocco. The reason given is identical: the budget deficit and the recession, due to the impact of the global pandemic crisis on the economy.
Global growth forecast to slow to 1.9% in 2023, warn UN
The latest #WorldEconomyReport by UN DESA predicts global growth to slow sharply to 1.9% in 2023, from 3% in 2022....
Burkina Faso: Essakane gold mine delivers 480,000 ounces in 2022
The Essakane gold mine produced 480,000 ounces in 2022, Lamgold announced on January 17, 2023. The Canadian company, which owns...
Banking and finance: Access Bank Cameroon records more than USD 16 million in deposits in H2 2022
Access Bank Cameroon, a subsidiary of the Nigerian group Access Bank, has recorded more than 16 million dollars (or 10...
Africa-Middle East: E-commerce development at heart of Ethiopian Airlines-MailAmericas partnership
Ethiopia’s capital, Addis Ababa will serve as a hub to develop e-commerce between Africa and the Middle East, under a...