economy upfront Bound

Economy: Morocco’s central bank ups interest rates to slowdown surge in inflationF

Morocco's central bank on Tuesday raised interest rates by 50 basis points to 2.0 percent in an effort to slow down a surge in inflation. The Bank Al-Magrib (BAM), after a board meeting, said the economy remains "deeply marked by the aftermath of the (coronavirus)...

Environment: Severe floods wreck havoc on West African agricultureF

By Aminu Abubakar Nigeria rice farmer Adamu Garba squelched barefoot through his paddy fields, surveying damage from devastating floods that have destroyed farmland across the north of the country. Parts of West and central Africa have been battered by floods ravaging...

Energy: Morocco and Nigeria sign MoU for a gas pipelineF

A memorandum of understanding was signed Thursday for the development of a project to pump gas from Nigeria to Morocco via West Africa and then to Europe, the parties said. The agreement to go ahead with the Nigeria-Morocco Gas Pipeline project was inked in Rabat by...

Tunisia: Cash-strapped Tunisia faces rationing and food shortagesF

By Habib Haj Salem Cash-strapped Tunisia is facing a dearth of imported foodstuffs from dairy products to coffee, forcing informal rationing at supermarkets and threatening some food and beverage companies. For weeks, consumers and businesses have been struggling to...

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