Banking

September 23, 2022

Bank of Baghdad share increase 88% In last 12 months

A recent research report by Rabee Securities showed that Bank of Baghdads profit before tax decreased by 3% quarter on quarter during the 2nd quarter of 2022 to $8.2 million. The bank increased total revenues by 4% in the 2nd quarter compared to the previous quarter, reaching $16.7 million.According"...

September 15, 2022

European Bank Partners with Credit Agricole to Boost Morocco’s Climate Financing

Rabat - The European Investment Bank (EIB) announced today sealing a technical assistance deal with Credit Agricole Maroc to boost climate financing in Morocco. In a press rekease, EIB announced the launch of an 18-month support mission to support Credit Agricole du Maroc (CAM) integrate climate risks, and identify climate financing opportunities. The technical assistance agreement is part of the European Investment Bank's (EIB) Climate Bank Roadmap, a strategy aiming to adapt banks’ financing structures to the challenges and......

September 14, 2022

OCP, African Development Bank to Host Africa Fertilizer Financing Forum

Casablanca - Morocco’s phosphate and fertilizer giant OCP Group and the African Development Bank Group will jointly host Africa Fertilizer Financing Forum in Casablanca from October 11 to 13.

As Africa faces"...

September 14, 2022

Morocco, World Bank Sign €236.7 Million Loan Agreement for North-East Project

Rabat - Morocco’s Minister of Economy and Finance Nadia Fettah and World Bank Vice President for the MENA region Ferid Belhaj signed on Monday a €236.7 million (MAD 2.5 billion) loan agreement to finance Morocco’s North-East Economic Development Project.

The"...

September 13, 2022

AfDB Appoints Malika Dhif As New Executive Director for Morocco, Togo, Tunisia

Rabat - Malika Dhif, former deputy director at Morocco’s Directorate of Treasury and External Finance, has been appointed as the new executive director for Morocco, Togo, and Tunisia at the African Development Bank (AfDB).

AfDB"...

September 2, 2022

BMCI Appoints Attijariwafa Bank’s Hicham Seffa As New Director-General

Rabat - The supervisory board of BMCI, an affiliate of BNP Paribas, on Thursday appointed Hicham Seffa as the group’s new Director-General and member of the board of directors.

According to numerous reports,"...

August 31, 2022

Ecobank Nigeria Unveils Special Scheme on Loans and Remittances

Ecobank Nigeria has unveiled a special scheme on Back2School loans and remittances for all its customers in a bid to aid, cater to back-to-school needs.

The Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi"...

August 27, 2022

Dutch Bank, Pan-African Accelerator Partner To Coach Moroccan, African Startups

Rabat - The pan-African tech accelerator Startupbootcamp (SBC) Afritech is partnering with the Dutch Entrepreneurial Development Bank (FMO) to coach early-stage tech startups from Morocco and other countries.

Applications"...

August 24, 2022

Morocco’s Interbank Monetary Center Warns Citizens of Visa Scams

Rabat - Online scams involving individuals asking for money in exchange for more recent appointments for Schengen Visa applications are becoming increasingly widespread, according to the Director of Morocco’s Interbank Monetary Center (CMI), Ismail Bellali.

"...

August 22, 2022

Moroccan Banks Dominated West Africa’s Banking Market in 2021

Rabat - Led by Attijariwafa Bank, Banque Centrale Populaire, and Bank of Africa, Moroccan banks controlled more than one-fifth of the banking market in West Africa in 2021.

According"...