5,641 new coronavirus cases were recorded in Morocco during the past 24 hours, bringing the total number of Covid-19 infections in the country to 240,951. 3,329 new recoveries were recorded in the past 24 hours, bringing the total number of recoveries in the Kingdom to 197,215. 77 deaths were recorded between yesterday and today, bringing the total number of deaths to 4,059. 31 of these deaths were recorded in the region of Casablanca-Settat, 12 in Rabat-Salé-Kénitra, 10 in
After downgrading Morocco’s sovereign rating, Fitch measures in a new report the impact of the pandemic on the country’s key credit metrics. According to the agency, the Kingdom is witnessing a sharp GDP fall and weaker external finances.
South African financial services group Sanlam said that it is not giving up on its Saham business despite «signs of misfiring after the R5.8 billion impairment that the company took on the Moroccan headquartered insurer in the first six months of 2020». Sanlam acquired Saham in 2018, paying a premium. Although the deal was delayed due to diplomatic problems, the acquisition was seen by the South African firm as a «perfect combination of the continents ‘s biggest life
According to the Foreign Exchange Office, remittances sent by Moroccans living abroad rose by 2.2% from January to the end of September 2020, thus resuming the upward trend after having suffered a sharp decline during the period of sanitary confinement. However, according to the World Bank’s projections, remittances to the Kingdom are expected to drop by 5% during the current year.
An Egyptian government report released this week revealed that Egyptian exports to Morocco reached $582.6 million (MAD 5.3 billion) in 2019. Last year Egyptian exports to the Kingdom stood at $ 501.6 million only. The report indicated that most of these exports were animal and plant products, beverages and tobacco, marble, ceramics, chemicals and plastics. The same report said that Egyptian imports from Morocco fell to $ 141 million in 2019, after they were at $ 165.5 million last year. For
Police in Lesotho are investigating claims that former Foreign Minister Lesego Makgothi was «bribed by the Moroccan government to abandon Lesotho’s long-held support for Western Sahara’s right to independence». According to Lesotho Times, sources from the government said this week that Makgothi was «suspected of receiving bribes to unilaterally change Lesotho’s position to that of ‘constructive neutrality on the issue of Western Sahara». The
The African Development Bank (AfDB) has announced that it is loaning Morocco 118 million US dollars to better respond to the Covid-19 health crisis. The loan will be used to improve the health system and extend the intensive care bed capacity to 1,350 by adding 666 new units. It will also help upgrade 78 hospital emergency rooms, purchasing additional screening tests, pharmaceutical products and devices. It is worth saying that Morocco recorded on Wednesday, November 4, the highest number of
Morocco recorded the highest number of daily infections and deaths, with 5,745 cases and 82 passings. In the Casablanca region only 2,478 cases were recorded in the past 24 hours.
Almost one year after the death of its ambassador Bashir Seghir, the Polisario Front appointed, last week, a new head of its representation in South Africa. According to the Front's press agency, Mohamed Yaslem Bissat presented his «credentials to the South African Ministry of Foreign Affairs, as ambassador extraordinary and plenipotentiary». Received by an official from the South African Foreign Ministry, the representative of the Polisario presented a «full summary of
The opening of diplomatic representations in the Sahara has weakened the argument of the Polisario and Algeria, which claim that no country recognizers Morocco’s sovereignty over the territory.
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