Banking

March 9, 2020

Access Bank Records N115bn Profit, Recommends 40k Final Dividend

Access Bank Plc is still savouring the benefits of its decision to merge with former Diamond Bank Plc as the lender recorded improved performance in the year ended December 31, 2019.

The merger process concluded"...

March 4, 2020

Morocco to Build New Higher Education Facilities Near Rabat

Rabat – The Council of the Rabat-Sale6Kenitra regio has approved two projects for the construction of a new university campus in Khemisset, around 90 kilometers east of Rabat, and a multidisciplinary faculty in Sidi Kacem, about 120 kilometers northeast of the capital.

The"...

March 4, 2020

Moroccan Fruit and Vegetable Exports to the EU Grew by 4% in 2019

Rabat – Morocco’s export of fruits and vegetables to the European Union (EU) grew by 4% in 2019 compared to 2018, totaling 1.4 million tonnes, according to data from the Office of Statistics of the European Union (Eurostat), processed by FEPEX.

Morocco"...

March 3, 2020

Central Bank, IFC Ink Memorandum of Understanding on Facilitating Women's Access to Financing

Rabat - Bank Al-Maghrib (central bank) and the International Finance Corporation (IFC) signed, on Monday in Rabat, a memorandum of understanding (MoU) on facilitating women's access to financing, said the Bank in a statement.

This"...

March 3, 2020

i2c Expands Presence in Middle East and Africa Due to High Demand for Its Agile Processing

i2c Inc., a leading provider of payment and open banking technology, today announced it is expanding its presence in the Middle East and Africa (MEA) due to high demand in the region for its solutions. i2c partners with financial institutions, fintechs and governments using its unique i2c agile processing technology and APIs to bring innovative credit, debit, prepaid, and multi-currency solutions to market quickly. To support the growth in MEA, i2c added a General Manager position to its team and is announcing today the appointment of payments industry veteran Aurangzaib Khan to the position. Khan is based in Dubai. Prior to joining i2c, Khan......

March 2, 2020

Jim McCarthy Joins i2c as President

i2c Inc., a leading provider of payment and open banking technology, today announced the appointment of Jim McCarthy as President of the company. Reporting to i2c CEO and founder Amir Wain, McCarthy is responsible for i2c teams working with clients, partners and prospects. He is based at i2c headquarters in Silicon Valley. McCarthy is an industry veteran with over 20 years of experience in financial services across all stakeholders in the payments and open banking industries. Most recently, he has served as a strategic consultant and advisor to many Silicon Valley fintech startups. At Visa, where McCarthy worked for eighteen years, he held senior......

February 26, 2020

Morocco’s Attijariwafa Bank Claims $55 Billion in Total Assets

Rabat – By the end of 2019, the total consolidated assets of Morocco’s Attijariwafa Bank reached MAD 532.6 billion ($55 billion), revealing steady earnings growth despite mixed macroeconomic trends in the group’s countries of presence.

The"...

February 26, 2020

EBRD Loans €15 million to Varroc Morocco to Boost Automotive Sector-

Rabat – The European Bank for Reconstruction and Development (EBRD) has granted €15 million loan to Varroc Lighting Systems Morocco with the aim of setting up training and creating jobs for young skilled workers.

Through"...

February 25, 2020

EBRD strengthens motor industry in Morocco

The European Bank for Reconstruction and Development (EBRD) is continuing to support the automotive industry in Morocco through a €15 million loan to Varroc Lighting Systems Morocco that will provide training and employment opportunities for young people in the country.

The"...

February 17, 2020

Western Union Launches Worldwide Coronavirus Relief Drive

(AETOS Wire)-- Today, Western Union (NYSE: WU) a leader in cross-border, cross-currency money movement and payments, and the Western Union Foundation announced a USD $1M global matching challenge to help fight COVID-19 (coronavirus) and for relief in China and other affected countries. The combined Western Union and Western Union Foundation match will be up to USD $500,000. The Western Union Foundation is accepting contributions from Western Union employees, Agents, customers, and the public, across the globe between now and April 14, 2020. The aid will be pledged to local and global NGOs, including Give2Asia and International Medical Corps*......