Western sahara Major events
Morocco’s King Mohammed VI and Nigeria’s President Muhammadu Buhari vowed on Monday to further strengthen bilateral relations.
During a phone call between the two leaders, they underlined their will to reinforce bilateral relations in all areas and carry out projects agreed upon during the king’s visit to Abuja, the king’s office said in a statement.
These projects cover many sectors, including agriculture, fertilizer production and security cooperation, the statement added.
As for the joint venture to construct a major gas pipeline, the two sides lauded the tangible achievements made in this strategic project, mainly through regular meetings by joint bodies set up for this purpose, it noted.
In May, Morocco and Nigeria signed agreements to construct a major gas pipeline linking West African countries.
The Gazoduc pipeline project, which will pass through several West African countries and may stretch to Europe, was finalized during the visit of Morocco’s King Mohammed VI to Nigeria in December, 2016.
The pipeline will have a positive impact on more than 300 million inhabitants, as it would serve as the basis for a competitive electricity market in all West Africa.
by Georgina Enzer
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, has affirmed the ratings of Banque Marocaine pour le Commerce et l’Industrie (BMCI), based in Casablanca, Morocco.
The Financial Strength Rating (FSR) is affirmed at ‘BBB-’. The rating is supported by a solid level of capitalisation, adequate loan-loss provisioning, and reasonable profitability at the operating level. The rating is constrained by a high level of non-performing loans (NPLs), modest returns, and a mixed liquidity profile, specifically the high loans to customer deposits ratio. BMCI’s Long- and Short-Term Foreign Currency Ratings (FCRs) are maintained at ‘BBB-’ and ‘A3’, respectively. The Outlook for all ratings remains ‘Stable’. Downward pressure on the ratings could occur if asset quality (rise in NPLs and/or lower coverage) and or liquidity weakened further. The Support Rating of ‘2’ is affirmed, reflecting the support and strength of BNP Paribas (BNPP).
BMCI is majority owned by the French banking Group BNPP and has a reasonable banking position in the Moroccan banking sector. It is the fifth largest bank in the country, controlling around six per cent of assets. Although considerably smaller than the large domestic banks such as Attijariwafa Bank, Banque Populaire and BMCE Bank, BMCI has a solid position in the corporate and retail sectors. The Bank receives operational, risk and executive management support from the BNPP and looks to exploit synergies with the parent bank, particularly in product offering.
The year 2016 was a challenging year for BMCI. Both gross income and operating profit fell due to continued weak loan and asset growth, and in turn lower net and non-interest income. The economy and the credit environment remained difficult in 2016. Despite a lower cost of risk, net profit and returns fell. The return on average assets (ROAA) is at a weak level. The NPL ratio remains high and asset quality continues to cause some pressure but it should be noted that the French-owned banks in Morocco are more conservative in their classification. Provision coverage is adequate.
Loan-based liquidity ratios are tight, particularly loans to customer deposits. The customer deposit market in Morocco remains very challenging and competitive, with limited growth for some years. Aiding BMCI’s overall liquidity position is its good capital adequacy level and majority ownership by BNPP. CI Ratings believes BNPP has significant resources to support BMCI in case of need, and that the latter remains an important (although very small in the context of BNPP’s overall size and resources) part of its north African and wider African operations.
From 1964 to 1973, BMCI operated as Banque Nationale pour le Commerce et l’Industrie – Afrique, which was part of what is now the BNPP. Incorporated with local capital in 1973, the Bank’s principal shareholder remains BNPP, which holds a 66.74 per cent stake. At end 2016, total assets stood at MAD64.4 billion ($6.3 billion).
MANSOURIA, Morocco (AP) — In Morocco, an ancient tradition of horsemanship survives the test of time.
Thousands gathered recently in Mansouria, a small town south of the capital Rabat, to attend one of the oldest festivals in Morocco. Nineteen horse troupes came from different parts of the kingdom to celebrate a three-day event that blends courage, skill and tradition.
Morocco_Equine_Tradition_Photo_Gallery_67208 In this Thursday, Aug. 17, 2017 photo, a troupe charges and hold their rifles as other line up for their turn during Tabourida, a traditional horse riding show also known as Fantasia, in Mansouria, near Casablanca, Morocco. Thousands gathered recently in Mansouria, a small town south of the capital Rabat, to attend one of the oldest festivals in Morocco. Nineteen horse troupes came from different parts of the kingdom to celebrate a three-day event that blends courage, skill and tradition. (AP Photo/Mosa’ab Elshamy)
Morocco_Equine_Tradition_Photo_Gallery_40632 In this Thursday, Aug. 17, 2017 photo, a horseman waves to the crowd after a successful charge during Tabourida, a traditional horse riding show also known as Fantasia, in Mansouria, near Casablanca, Morocco. (AP Photo/Mosa’ab Elshamy)
Morocco_Equine_Tradition_Photo_Gallery_76418 In this Thursday, Aug. 17, 2017 photo, a troupe charges and fires their rifles during Tabourida, a traditional horse riding show also known as Fantasia, in Mansouria, near Casablanca, Morocco. (AP Photo/Mosa’ab Elshamy)
Morocco_Equine_Tradition_Photo_Gallery_86700 In this Thursday, Aug. 17, 2017 photo, horsemen dress in ceremonial robes before taking part in Tabourida, a traditional horse riding show also known as Fantasia, in Mansouria, near Casablanca, Morocco. (AP Photo/Mosa’ab Elshamy)
Morocco_Equine_Tradition_Photo_Gallery_63333 In this Thursday, Aug. 17, 2017 photo, a troupe charges and hold their rifles before firing, during Tabourida, a traditional horse riding show also known as Fantasia, in Mansouria, near Casablanca, Morocco. Thousands gathered recently in Mansouria, a small town south of the capital Rabat, to attend one of the oldest festivals in Morocco. Nineteen horse troupes came from different parts of the kingdom to celebrate a three-day event that blends courage, skill and tradition. (AP Photo/Mosa’ab Elshamy)
Morocco_Equine_Tradition_Photo_Gallery_25426 In this Thursday, Aug. 17, 2017 photo, people pray in a tent before the start of Tabourida, a traditional horse riding show also known as Fantasia, in Mansouria, near Casablanca, Morocco. (AP Photo/Mosa’ab Elshamy)
Morocco_Equine_Tradition_Photo_Gallery_24687 In this Thursday, Aug. 17, 2017 photo, a horseman is surrounded by gunpowder smoke after a successful charge while taking part in Tabourida, a traditional horse riding show also known as Fantasia, in Mansouria, near Casablanca, Morocco. (AP Photo/Mosa’ab Elshamy)
- Morocco_Equine_Tradition_Photo_Gallery_23749 In this Thursday, Aug. 17, 2017 photo, horsemen prepare to take part in Tabourida, a traditional horse riding show also known as Fantasia, in Mansouria, near Casablanca, Morocco. (AP Photo/Mosa’ab Elshamy)
- Morocco_Equine_Tradition_Photo_Gallery_29156 In this Thursday, Aug. 17, 2017 photo, a woman cooks couscous for horsemen taking part in Tabourida, a traditional horse riding show also known as Fantasia, in Mansouria, near Casablanca, Morocco. (AP Photo/Mosa’ab Elshamy)
- Morocco_Equine_Tradition_Photo_Gallery_62413 In this Thursday, Aug. 17, 2017 photo, a troupe charges and fire their rifles during Tabourida, a traditional horse riding show also known as Fantasia, in Mansouria, near Casablanca, Morocco. (AP Photo/Mosa’ab Elshamy)
- Morocco_Equine_Tradition_Photo_Gallery_11025 In this Thursday, Aug. 17, 2017 photo, crowds gather to attend and judge Tabourida, a traditional horse riding show also known as Fantasia, in Mansouria, near Casablanca, Morocco. The banner in Arabic reads “horsemanship is an identity and a path for development”. (AP Photo/Mosa’ab Elshamy)
The competitive, synchronized horse riding is known as Tabourida, or La’ab Al-Baroud, “The Game of Powder.” The display mimics and pays tribute to military parades performed by Arab and Berber tribes since the 15th century. It has become an integral display for many festivals across the country. Famed French artist Eugene Delacroix popularized Tabourida on canvas in the 19th century, dubbing it Fantasia, and the name has stuck.
Al-Mahdy Hayzoun, 23, has been riding in his troupe for 12 years, though he couldn’t compete in this year’s festival because of a recent gunpowder injury to his hand. He said Tabourida brings together people from all walks of life.
“There is the poor and the rich, people of different backgrounds,” he said. “But once we’re all on the field, next to each other, we’re all equal, with the same goal.”
Each troupe, or sourba, of 10 to 30 riders is judged on their synchronicity as a group. After lining up at the top of a track, wearing ceremonial robes and with their horses dressed in elaborate bridles and brightly-colored saddles, the lead rider calls out and the troupe races down the field.
After another signal from the leader, or muqadim, the riders brandish their guns and each fires a single shot in unison.
Although competition is fierce, today, there is no prize, and the only judge present is the audience. The more synchronized the display, the louder the cheer from the crowds. It takes skill, talent and a lot of discipline.
It also is an expensive and dangerous sport. Arabian or Berber horses of the highest stock can cost as much as 300,000 Dirhams ($30,000.) Inexperienced riders frequently fall from their horses, and troupes run the risk of hitting a barrier at the end of the track if they are unable to stop their horses in time.
In 2008, the Moroccan government established the Royal Complex for the Equestrian Arts and Tabourida, to preserve the sport and the handicrafts that go with it. They run national competitions for professional troupes with large cash prizes.
In some cases, the job of leading a troupe is passed down through families, while in others the troupe picks the most respected person to lead them.
“We inherited this,” said Khalid Qarqoury, a 43-year-old public worker who leads his sourba, a position his father held before him. “Some do this for a year or two, but when you have the passion, you hold on the rifle for the rest of your life.”
The North Africa Post
Morocco remains largely the most insulated country from terrorist attacks in the region thanks to a three-pronged strategy that combines security measures with promoting moderate religious discourse and fighting poverty, underscored the Times of India.
In an opinion article entitled “Get Facts Right: Morocco is a shining example of how to counter radicalisation and terrorism,” Rudroneel Ghosh discarded the aspersions spread in some Western media in the aftermath of the Barcelona terrorist attacks trying desperately to link Morocco with terrorism.
“To insinuate that Morocco itself is a hotbed of terrorism is plain rubbish,” he said, noting that such extrapolation is discredited on the ground by Morocco’s “praiseworthy record” in fighting Islamic radicalisation at home through a multilayered strategy.
Ghosh highlighted the efficiency of Morocco’s security services, which adopt a proactive approach further bolstered by intelligence sharing with other countries.
“Morocco is a pioneer in promoting the moderate tenets of genuine Islam to counter the influence of radical religious thought,” he made it clear, pointing out to Morocco’s Imam training program.
Morocco has also attached utmost importance to stemming the breeding grounds causing radicalisation and extremism through fighting poverty, he wrote.
Ghosh added that Morocco is “at the forefront of fighting terrorism in North Africa”, explaining that “attacks in Europe by Moroccan-origin people represent a failing of these European states.”
Therefore, he explained, “to allege that Morocco is producing terrorists is utter nonsense. In fact, if anything, Moroccan society and the Islam practised in Morocco are significant deterrents against extremism and terrorism. A visit to Morocco is enough for anyone to realise how liberal a Muslim nation Morocco is.”
He went on to say that Morocco “is a country where Jews enjoy equal status as their Muslim brethren and where 167 Jewish cemeteries have been carefully restored under the direction of King Mohammed VI. Morocco is a country where within the same family the mother can wear a hijab but her daughter can sport western-style shorts.”
Posted by North Africa Post
North Africa Post’s news desk is composed of journalists and editors, who are constantly working to provide new and accurate stories to NAP readers.
Chatham Rock Phosphate (NZ: CRP, TSX.V: NZP) (“CRP” or “the Company”) provides a further shareholder briefing. A lot has happened since our last update was published and it’s timely to provide another informal update on recent events.
Events of note include:
Sensible and helpful revisions to the 2013 EEZ Act became law on 1 June 2017. The changes are mainly process related and should help improve the calibre of future decision-making by the Environmental Protection Authority’s new Boards of Enquiry.
The ground-breaking Trans Tasman Resources decision was released on August 10 and the company now holds a granted Marine Consent. While notice of an appeal has been lodged by some lobby groups, the decision stands. We remain confident the decision is robust and has carefully anticipated all of the likely areas of challenge.
CRP presentations to Canadian investors and share-brokers in May and July received a warm welcome in Vancouver and Toronto and we have been invited to return.
Two shipments of rock phosphate from Morocco(but mined in the Western Sahara) were seized in foreign ports highlighting our often-expressed concerns about the security of supply of rock phosphate destined for NZ. The first shipment (destined for New Zealand) remains detained in South Africa and the Moroccan exporters have now withdrawn from the related court action, leaving its ownership uncertain.
The ongoing debate about water quality, fertiliser run off and water royalties continued to highlight the benefits Chatham rock phosphate can bring to our waterways.
Work continues in the Netherlands on plume related research studies co-funded by Chatham, our business partners and by the Netherlands government.
What’s coming up?
Chatham is about to launch various fund-raising initiatives including the likelihood of an offer to our existing ~ 1,500 shareholders. This will enable our legions of Mum and Dad investors to participate once again and will be the eighth such issue offered to our loyal supporters since 2010. Other funding will be sought, probably by means of private placements, in Asia, Europe and Canada.
We will once again be presenting (this time two papers) at the Mecca of the marine mining world, the annual Underwater Mining Conference being held this year in Berlin. Our presence there will dovetail nicely into local fundraising-related activities and a media campaign including Swiss based TV coverage.
And while talking about media, Chatham will be a key topic of an upcoming article in Resource World, a Vancouver based publication that is widely distributed in international mining and investment circles.
Operationally, this month we kick off the marine consent reapplication process with the momentum expected to build over the next 15 months. All going well we are targeting a reapplication date in late 2018.
There is also likely to be an increasing focus on securing marine phosphate opportunities offshore, to an extent depending on evolving permitting regimes in our targeted region. As we have indicated previously we are also interested in on-shore deposits with a preference for reactive-phosphate-rock style mineralisation. Both of these initiatives are likely to involve low upfront costs even if they do proceed and will not divert funding from our principal objective, that of gaining the Marine Consent on our second try.
In parallel with those activities Chatham has commissioned research aimed at separating valuable by-products that are also contained within the sandy seafloor matrix that contains the rock phosphate deposit. As our recovery process is already bringing these sands up to the vessel there is no mining cost involved, merely the costs of separating these by-products from the sand before it is returned to the sea-floor. Successful recovery of even a tiny proportion of these by-products could add significantly to our future revenue and profitability. Chatham is seeking independent funding to assist with this research.
A reminder about our environmental and other benefits.
You can be our advocates whenever our project is raised in conversation. To remind you why the Chatham Rise project remains hugely important for New Zealand, here are the key reasons:
Our rock is a proven reactive phosphate rock. Using it results in much less run-off into waterways and an improved soil profile compared with the effects of manufactured fertilisers.
As such it is an organic fertiliser.
It also contains ultra-low levels of cadmium, a cancer-causing heavy metal with much greater concentrations in other rock phosphate deposits.
Being locally sourced and needing to be applied less frequently results in much lower carbon emissions.
The environmental footprint of seabed extraction is demonstrably smaller than the impact of onshore phosphate on local communities overseas.
The rock is within one day’s sailing distance and supply is far more secure than phosphate rock coming from unstable regions on the other side of the world.
The project economics are attractive and Chathamwill pay significant royalties and income taxes
The project will generate new jobs in environmental monitoring, on the mining ship, in the home port and in the science and agricultural sectors.
The following graphic outlines these and other key benefits. See also our online interactive infographic at http://www.rockphosphate.co.nz/projectinfographic
Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the Exchange), or New Zealand Exchange Limited has in any way passed upon the merits of the Transaction and associated transactions, and has neither approved nor disapproved of the contents of this press release.
SOURCE Chatham Rock Phosphate
For further information: Chris Castle, Managing Director, email@example.com or +64 21 55 81 85, skype: phosphateking
By Chief Assignment Editor
The US has extended a European travel alert for its citizens, warning that terrorists continue to focus on tourist sites as attack targets, and that those traveling to the continent should “exercise additional vigilance” around such areas.
The alert, issued Thursday, cites “widely reported incidents” in France, Russia, Sweden, the United Kingdom, Spain, and Finland, adding that the State Department “remains concerned about the potential for future terrorist attacks.”
It goes on to state that extremists are continuing to focus on “tourist locations, transportation hubs, markets/shopping malls, and local government facilities as viable targets.
“In addition, hotels, clubs, restaurants, places of worship, parks, high-profile events, educational institutions, airports, and other soft targets remain priority locations for possible attacks.”
The alert warns US citizens to “exercise additional vigilance in these and similar locations,” adding that terrorists are using a variety of tactics in their attacks, including firearms, explosives, vehicles, and sharp-edged weapons which are “difficult to detect prior to an attack.”
The Thursday alert is an extension of a previous warning issued in May. The current alert is due to expire on November 30, but could be extended once again.
It comes just two weeks after a terrorist attack on a popular tourist street in Barcelona, Spain, killed 14 people and injured 130 others when a driver rammed a van into pedestrians. The driver later fled the scene and killed a 15th victim in order to steal his car and escape.
Nine hours after the Barcelona attack, five terrorists drove into pedestrians in nearby Cambrils, killing one person and injuring six others. All five men were shot and killed by police.
Just one day later, two people were killed and six injured in a knife attack in the Finnish city of Turku, with the attacker reportedly shouting “Allahu Akbar.” Details later emerged that the assailant, originally from Morocco, had been denied asylum in Finland.
Europe has endured a number of attacks by foreign terrorists or attackers of migrant background in recent years, including the June attack in the London Bridge area of the British capital, which was launched by a Pakistani-born British citizen, a failed asylum seeker from either Morocco or Libya, and a Moroccan-Italian man.
In July 2016, a Tunisian man with a French residency permit plowed a truck into a group of people celebrating Bastille Day in Nice, France, killing 86 and injuring more than 400 others.
In March 2016, bombings perpetrated by mostly Belgian nationals of Moroccan descent left 32 people dead and more than 300 injured in Brussels.
Germany’s domestic intelligence agency, the BfV, acknowledged the threat of terrorists infiltrating the continent alongside genuine refugees, warning last month that they could be “possibly entering Europe under cover as part of the migration movement.”
That statement came as many across the country continue to dispute Chancellor Angela Merkel’s open-door policy for those fleeing war and persecution, although the leader said earlier this week that she would “make all the important decisions of 2015 the same way again,” adding that she had no regrets.
However, an April report from Der Spiegel found that thousands of Afghan refugees that had entered Germany admitted during interviews with the German Federal Office for Migration and Refugees (BAMF) that they had either had contacts with some radical Islamist groups in Afghanistan or had directly fought for extremists.
That report followed a July 2016 Pew Research poll which found that the majority of Europeans surveyed feared that mass migration into the continent would increase the risk of terrorist attacks.
A 2016 UN report found that there was “no evidence that migration leads to increase terrorist activity,” and warned that “migration policies that are restrictive or that violate human rights may in fact create conditions conducive to terrorism.”
Europe saw more than 1 million asylum seekers arrive to the continent in 2015 alone, as part of the worst refugee crisis since World War II. Most of the refugees were from Syria, where a brutal civil war has so far claimed the lives of more than 320,000 people since March 2011, according to UN estimates.
The North Africa Post
The Moroccan armed forces (FAR) sent two Canadair planes to Italy to extinguish the fire that ravaged so far more than 2000 hectares of forests.
Italy becomes the third country that receives Moroccan aid after Spain and Portugal, which also received Moroccan Canadair flights.
Southern Italy, including Sicily, has been plagued by wildfires this summer due to extremely dry conditions caused by a lack of rainfall.
These fires have created controversy especially after a film went viral depicting a volunteer fire fighter deliberately starting a blaze.
Fifteen volunteer firefighters have been arrested in Sicily on suspicion of starting wildfires and reporting non-existent blazes so they could earn €10 an hour for putting them out.
Posted by North Africa Post
North Africa Post’s news desk is composed of journalists and editors, who are constantly working to provide new and accurate stories to NAP readers.
African and European leaders on Monday backed proposals to screen asylum seekers in Africa as a way to prevent thousands from taking perilous journeys across the Mediterranean.
Hosting the talks in Paris, French President Emmanuel Macron suggested setting up “fully safe areas” in Niger and Chad — key transit points for migrants — where asylum-seekers would be processed by the UN refugee agency UNHCR.
The leaders signed a roadmap on the proposal, though there were as yet few details on how it might work. A joint mission will be sent to Niger and Chad soon, they said in a statement after the mini-summit.
The seven heads of state or government, who included Germany’s Chancellor Angela Merkel, said Libya’s political stalemate was a central obstacle to resolving the crisis that has seen nearly 1.5 million people arrive in Europe since 2015, according to the International Organization for Migration.
“As long as the crisis in Libya is not resolved, I don’t think we can find a definitive solution to the issue,” said Chadian President Idriss Deby.
Two competing governments and dozens of armed factions are jostling for power in Libya, which plunged into chaos after the overthrow of longtime dictator Moamer Kadhafi in 2011. The north African country is a major transit hub for migrants.
Screening centres in Niger and Chad would help prevent “women and men from taking unwise risks in an extremely dangerous area and then in the Mediterranean” by starting the asylum process closer to home, Macron said, reiterating a proposal he made in July.
Human traffickers as well as arms and drug dealers “have turned the Mediterranean into a cemetery,” he said.
More than 14,000 people, many fleeing conflicts or hardship in Sudan, Eritrea and Ethiopia, have died attempting to reach Europe since 2014.
This year alone, some 125,000 migrants have crossed the Mediterranean, the vast majority landing in Italy.
UN refugee chief Filippo Grandi welcomed Monday’s developments, but added: “Measures that simply aim at curbing the number of arrivals do not solve the problem of forced migration.
“Any meaningful approach must include a set of strong and determined actions to ensure a lasting peace in conflict-ridden countries as well as social and economic development in places of origin.”
The head of the Libyan unity government Fayez al-Sarraj took part in the talks as well as Merkel, Spanish and Italian prime ministers Mariano Rajoy and Paulo Gentiloni, Niger’s President Mahamadou Issoufou and the European Union’s top diplomat Federica Mogherini.
European states have long sought to cut off clandestine immigration routes into the continent.
A controversial accord with Turkey last year stemmed the huge influx across the Aegean Sea to Greece, but other routes have come back into use, including via Morocco and Spain.
– ‘Living hell’ –
European nations are keen to offer development aid and funding to African countries in return for help in stemming the flow of migrants.
Last month the EU offered 10 million euros ($12 million) in aid to Niger to combat clandestine immigration.
On Monday, the Oxfam and ActionAid charities criticised Europe’s leaders for what they called “fearmongering”, accusing governments of presenting migration “as a threat rather than recognising its benefits”.
“They are playing into the hands of populist fearmongers who falsely claim that Europe is unable to cope with the arrival of people to its shores and who demonise search-and-rescue missions that save lives in the Mediterranean,” they said in a joint statement.
“Their short-term approach ignores the fact that Europe needs migrants,” the statement said, adding: “Italy alone will need an estimated 1.6 million regular migrants over the next decade to sustain its welfare and pension schemes.”
They called on the EU to “stop outsourcing border controls to Libya, trapping more and more people in a living hell” and urged governments not to make aid conditional on border management.
Libya has sought to restrict the work of NGOs operating rescue boats in the Mediterranean that pick up migrants stranded on inflatable dinghies or other unseaworthy crafts.
The groups have been accused of unintentionally encouraging migrants to attempt the crossing as they know they will be rescued in the event of an emergency.
Figures outlining third-country exports to Spain show Moroccan shipments rose 33 per cent in the first half of 2017.
Spanish imports of fresh fruit and vegetables from third countries grew by 13 per cent in the first half of the year, according to data analysed by Fepex.
According to the organisation, the value of fresh produce imports from third countries came in at €859m for the six-month period, representing 63.45 per cent of Spain’s overall fruit and vegetable imports.
By country, Morocco was by far the most prolific exporter to Spain, shipping €404m in fresh produce to the country, growth of 33 per cent year-on-year.
Other leading third-country exporters included Brazil, which shipped €55m-worth of produce, a 22 per cent climb on 2016, and Costa Rica, which exported €78m of fresh produce (+18 per cent).
Meanwhile, imports from the EU came to €489m through the half, growth of 8 per cent.
France topped the list of EU exporters to Spain, with €187m of fresh produce sent (+13 per cent), followed by Italy with €81m (+12 per cent), Portugal with €62m (+15 per cent) and the Netherlands with €67m (-8 per cent).
Fepex pointed out that the strongest growth in terms of products came in tomatoes, up 26 per cent to €48m, and potatoes, rising 18 per cent to €159m.
IMF Executive Board Concludes the Ex-Post Evaluation of the Second Precautionary and Liquidity Line Arrangement for Morocco
International Monetary Fund
On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Ex Post Evaluation (EPE) of exceptional access under the 2014–16 Precautionary and Liquidity Line (PLL) arrangement. (The Executive Board also concluded the second review of Morocco’s economic performance under a program supported by a two-year PLL arrangement—seePress Release No. 17/309).
The PLL facility, which was introduced in 2011, provides financing to meet actual or potential balance of payments needs of countries with sound policies, and is intended to serve as insurance or help resolve crises under wide-ranging situations. Fund policy calls for an EPE within one year of the end of an arrangement with exceptional access.
Executive Board Assessment
Regarding the ex post evaluation of the second (2014–16) PLL arrangement, Directors considered that it effectively supported the authorities’ reform program, providing them with a backstop against potential exogenous shocks. Directors concurred that the authorities met their objective of reducing vulnerabilities, and that the arrangement supported reforms to strengthen macroeconomic stability by continuing to reduce fiscal and current account deficits.
They noted, however, that growth turned out to be lower than expected and, while unemployment declined, much remained to be done to ensure higher and more inclusive growth. Directors agreed that the arrangement was consistent with the PLL qualification standards and the requirements under the exceptional access policy.
With the benefit of hindsight, Directors also noted some useful lessons learned about program design and implementation, particularly the need to rely on more realistic economic growth projections and the conclusion that with strong ownership, parsimonious conditionality can be effective in delivering on program commitments.
PRESS OFFICER: RANDA MOHAMED ELNAGAR
PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG
Middle East Monitor
The Moroccan government denounced today the French-language magazine Jeune Afrique for publishing anti-Morocco cover page of its latest edition.
Speaking at a press conference, the government’s spokesperson, Mustapha Al-Khalfi said that the country had been exposed to “unjust campaign” by the francophone magazine, adding that it was trying to promote a “negative image” of the North African country.
Read More: The weakening of Morocco’s state institutions worsens the political logjam
Khalfi described the magazine as “trying to flee responsibility instead of finding the at the real causes of terrorism emergence.”
He described the act as “unacceptable,” stressing that Morocco has been providing assistance to several neighbouring countries in the fight against terrorism.
“Morocco has not witnessed any terrorist attacks in recent years, compared to 300 bombings and terrorist attacks in North Africa and the African Sahara region,” he pointed out.
Earlier this week, Jeune Afrique released a controversial cover headlined “Terrorism Born in Morocco.” The cover featured a five-pointed star representing the kingdom’s flag and included images of the Moroccan-born suspects involved in planning and carrying out the 17 August Barcelona terrorist attacks.
The North Africa Post
Morocco has vehemently denounced as “reprehensible” the cover published by Jeune Afrique magazine in its latest issue associating between Morocco and terrorism.
By putting photos of the terrorists involved in the Catalonia attack with the big title: “Terrorism born in Morocco”, the magazine chose to ride on the anti-Moroccan tide that has been launched by far-rightist groups on social media looking for a scapegoat to explain failed migration policies and lack of oversight over radicalization factors.
The Spokesperson for the Moroccan government, Mustapha El Khalfi condemned this unprofessional choice of a cover that associates Morocco as a nation, people and institution with a bunch of terrorists who have been born in Morocco but have been radicalized in Spain.
He said, at a press briefing following the weekly cabinet meeting, that such a cover is part of a heinous campaign that seeks to create stereotypes and take Morocco as a scapegoat to explain terrorism.
Khalfi explained that raising the Moroccan origins of the perpetrators of the Catalonia terrorist attacks leads the debate over terrorism astray from the deep causes of extremism in Europe.
The Spokesperson added that on the ground, Morocco remains one of the most insulated countries from terrorism in the MENA region and that its multilayered antiterrorism strategy includes security, social, economic and religious dimensions.
Morocco’s steadfast commitment to international cooperation against terrorism is praised and its counterterrorism experience is wanted by many countries, he underscored.
Spreading stereotypes stigmatizing Morocco for being the birth place of a bunch of youth who were radicalized in Europe is thus an “unjust campaign” that is contradicted with the success of Morocco in combating terrorism at home and abroad.
Posted by North Africa Post
North Africa Post’s news desk is composed of journalists and editors, who are constantly working to provide new and accurate stories to NAP readers.
The Times of India
Rudroneel Ghosh in Talking Turkey | World | TOI
In the aftermath of the Barcelona terror attack last month, it was shocking to read some western media reports cast aspersions on the North African nation of Morocco. It’s true that the terrorist cell responsible for the attack had members of Moroccan origin.
But to extrapolate from this and insinuate that Morocco itself is a hotbed of terrorism is plain rubbish. For, not only has Morocco been extremely successful in preventing terror attacks on its soil – there has been no terror strike in Morocco since the 2011 bombing in Marrakech – the kingdom has also aided other nations in carrying out counter-terror operations.
Morocco’s praiseworthy record in dismantling terror cells and fighting Islamist radicalisation is a direct result of its three-pronged security strategy. First, there is intense monitoring of potential terror threats with the emphasis on neutralising terror suspects before they are actually able to strike. This proactive approach is bolstered further by intelligence sharing with other countries and championing coordinated counter-terror efforts at international forums.
Second, Morocco is a pioneer in promoting the moderate tenets of genuine Islam to counter the influence of radical religious thought. The emphasis here is on training of imams so that they can dispel distortions in Islamic teachings and guide devotees on to the path of peace, tolerance and harmony.
Third, Morocco believes that radicalisation leading to terrorism is sustained by poverty. And unless and until poverty is eradicated, religiously oriented terror groups will continue to find easy recruits. Hence, Morocco has been championing South-South cooperation for economic development. This is in clear recognition of the fact that today economic development is also a security imperative. And only when countries develop together can poverty that sustains terrorism be comprehensively defeated.
In light of the above, it’s clear that the Moroccan government is at the forefront of fighting terrorism in North Africa and has been doing this successfully. Attacks in Europe by Moroccan-origin people represent a failing of these European states. So to allege that Morocco is producing terrorists is utter nonsense. In fact, if anything, Moroccan society and the Islam practised in Morocco are significant deterrents against extremism and terrorism. A visit to Morocco is enough for anyone to realise how liberal a Muslim nation Morocco is. Morocco is a country where Jews enjoy equal status as their Muslim brethren and where 167 Jewish cemeteries have been carefully restored under the direction of King Mohammed VI. Morocco is a country where within the same family the mother can wear a hijab but her daughter can sport western-style shorts.
Morocco is a country where men and women can freely mingle without religious restrictions. Morocco is a country with the world’s oldest running university that was started by a woman. Morocco is a country where if you visit a rural hamlet people will invite you to their homes without asking any questions. And Morocco is a country where if you break bread with the locals, their religion and spirituality enjoins them to protect you. Of course, there are conservative, obscurantist pockets in every country. But to imply that Morocco is fertile grounds for Islamist extremism is absolutely wrong.
DISCLAIMER : Views expressed above are the author’s own.
I am a Delhi-based journalist working for the Edit Page of The Times of India.
Africa Business News
Morocco’s Argan oil industry
Morocco produces 4000 tonnes of vitamin-rich Argan oil every year – a third of which is exported, mostly to large global beauty brands in Europe.
At harvest time, that ‘s between July and October,thousands of Moroccan women get employed by argan cooperatives.
Argan oil is one of the most expensive plant oils in the world and the country targets to raise its annual production to 10,000 tonnes by 2020.
By Nili Salem B’Simcha
Monsieur Ohayon and his friends have even gone so far as to have the king of Morocco rename the relevant streets in the marketplace with the meanings they held when Jewish life was abounding.
On a whim I wandered westward for a week’s trip to Morocco to explore this passionate culture I’ve learned so much about since living in Israel, that produces delicious matbuha (red bread dip), mesmerizing Sephardic music (like the famous funky tune for “Dror Yikra”), and the stereotypes about the “Moroccan mother” notorious for covering Shabbat tables worldwide with rainbows of rich salatim (appetizers) that would stuff a sumo wrestler full upon completion of only the first course.
Alone in Arab Marrakech, I wasn’t quite sure what I’d done. I was feeling lonely and insecure in a stark marble hotel, with not much to eat but the orange I’d carried in tow and some nuts for the next day. I have traveled alone before, but I wondered whether this time I had made a mistake. I did some sightseeing, but the emptiness I felt was powerful, and so far, no sight of anything Jewish. So I plunked onto the hard bed and davened (prayed), pleading.
Sea traffic is growing between Barcelona port and Italy and Africa and ‘Short Sea Shipping’ links (the sea transport of cargo and passengers along the coast) are also on the rise, specialist Spanish media have said. Between January and July this year container traffic at the Catalan port rose by 6% over the same period in 2016, the sources report.
The biggest increase concerns traffic with Italy, with an 8% rise to a total of 80.172 containers transported. The upturn is also due to improvements made by the port to its services on land.
Passenger traffic rose by 11% in the first seven months of the year compared to the same period in 2016, with a peak of 52% in services to North Africa. This summer ENTMV-Algérie Ferries launched a weekly passenger and vehicle ferry service between Barcelona and Mostaganem, in Algeria.
Italy’s Grandi Navi Veloci operates four servcies per week between Barcelona and TangerMed in Morocco and a weekly service connecting the Catalan port and Nador, also in Morocco.
Brazil Arab News Agency
The country’s coastal and small-scale fishing produced 742,000 tons from January to July, which amounts to USD 457 million.
From the Newsroom*
Rabat – The output of the fishing sector in Morocco reached 742,300 tons from January to July and it’s worth MAD 4.3 billion (USD 457 million), up 10% in value when compared to the same period of last year, according to date released by the National Fishing Department (ONP, in the French acronym) and published this Thursday (31) by news agency Maghreb Arabe Presse (MAP). The data includes coastal and small-scale fishing.
Morocco is a large producer and exporter of fish. Brazil, for instance, imported USD 28.6 million in sardines from the Arab country from January to July of this year, an increase of 11.5% over the same period of 2016, according to data from the Ministry of Industry, Foreign Trade and Services (MDIC).
*Translated by Sérgio Kakitani
by Ali Haidar
Moroccan Foreign Minister Nasser Bourita said relations between Morocco and Algeria are at a standstill and have not witnessed any evolution for years.
Relations between the two countries deteriorated because of the dispute over the Moroccan Sahara and Algerian leaders’ persistence to defend the lost causes of the Polisario, a separatist Front they created at the time of the Cold War, with the sole aim of weakening their Moroccan neighbor and imposing their leadership in the region.
In an interview published Monday by Jeune Afrique magazine, the head of Moroccan diplomacy lamented the lack of cooperation at all levels between the two countries.
Nasser Bourita said in this connection that no bilateral visits were exchanged for more than seven years. Coordination remains static at all levels. The Arab Maghreb Union has not convened meetings in years and remains the least integrated grouping in the continent.
The Moroccan official blamed Algerian leaders for the diplomatic and media campaigns they have been staging against Morocco since the announcement of the Kingdom’s return within the African Union in January 2017. He said he was ready to work with all non-hostile countries, even if their standpoints on the Moroccan Sahara date back to a bygone era.
Nasser Bourita also brought up Morocco’s membership to the Economic Community of West African States (ECOWAS), stating that the regional grouping approved in principle this membership, which is now under legal review and that technical negotiations will follow.
“We are in contact with the ECOWAS Commission as we prepare for the Lomé summit (scheduled for December)”, he said, explaining that the geographical argument put forward by those opposed to Morocco’s membership was unfounded.
He insisted further that Morocco will be a valuable asset to the ECOWAS, recalling that the response of the ECOWAS heads of state to the royal letter of February 23 reflects a shared conviction that the accession of Morocco will be beneficial for all.
By Reed Kramer
Donald Yamamoto, who has extensive diplomatic experience in Africa including two tours as a U.S. ambassador, will take office as Acting Assistant Secretary of State for Africa on 5 September.
He is the second career official tapped for a senior policy position on Africa in the Trump administration.
News of Yamamoto’s appointment – first reported by @allAfrica on Twitter – was welcomed by Africa policy watchers.
“Having someone with Don Yamamoto’s experience in that post is very important,” Mel Foote, Constituency for Africa president, told AllAfrica. “As Africa confronts many challenges, we want to see responsible U.S. engagement in partnership with African governments and civil society organizations.”
Earlier this month, senior CIA analyst Cyril Sartor was named senior director for Africa at the National Security Council – after two previous attempts to fill the post failed.
@reedkramer Senior diplomat & ex U.S. ambassador to #Ethiopia Don Yamamoto to be acting Assistant Secretary for #Africa @StateDept
“With no dyed-in-the-wool Trumpian Africa hands available, the administration appears ready to cede Africa policy making to career civil servants and a few mainstream Republican appointees,” Matthew Page wrote earlier this month. “U.S.-Africa policy has been adrift,” said Page, formerly the State Department’s top Nigeria analyst and author of a forthcoming explanatory book on Nigeria by Oxford University Press.
Yamamoto has a one-year assignment. Naming him as acting Assistant Secretary gives the administration more time to decide who to formally nominate for the position – which requires Senate confirmation – while putting the Africa bureau in knowledgeable hands. He holds the rank of Career Minister. Among his honors is the Presidential Distinguished Service Award.
“Don Yamamoto has broad knowledge and experience, both in the field and in Washington,” says Ambassador Johnnie Carson, who served as assistant secretary for Africa during President Obama’s first term. “He will be able to provide the leadership needed to address the range of issues that the Bureau has to address.”