Banking

February 21, 2019

World Bank loans Morocco USD700M to promote financial inclusion, digital economy

RABAT (Xinhua) – The World Bank Board of Executive Directors has approved a USD700 million loan to promote financial inclusion and transformation to a digital economy in Morocco, local media reported yesterday.

Citing"...

February 21, 2019

Moroccan Government, World Bank to Launch New Partnership

Rabat – The World Bank Group set up a Country Framework Partnership for 2019-2024 with Morocco yesterday to help guide the bank’s financial and technical assistance programs in Morocco.

The partnership"...

February 17, 2019

World Bank, IMF officials wrap up visit to Morocco

A high-level team from the World Bank Group (WBG) and the International Monetary Fund (IMF) Friday concluded a two-day visit to Morocco to prepare for the annual meetings hosted by the country in October 2021.

During"...

February 14, 2019

African Development Bank impressed on Women development

JOHANNESBURG, SOUTH AFRICA (ADV) – African Development Bank’s Director for Gender, Women and Civil Society, Vanessa Moungar has expressed gratitude on efforts directed towards improving women’s lives in Africa and addressing the multiple challenges they face so that they"...

February 14, 2019

AfDB Approves Loan to Promote Employment in Morocco

Rabat – The African Bank for Development (AfDB) has approved a new $96.6 million loan to finance Morocco’s Results-Based Program for Improving Access to Employment (PARAAE).

Morocco’s Minister"...

February 6, 2019

Morocco: Bank Lending Rises to $91.6 Billion

Morocco's bank lending rose 3.22 percent in 2018 to 870 billion dirhams ($91.6 billion), according to Bank al-Maghrib.

Currently, bank lending accounts for about 79 percent of the country’s GDP.

These loans accounted for 30.7 percent of real estate loans,"...

February 6, 2019

Kony Helps CFG Bank Deliver Digital-First Banking

(AETOS Wire)-- Kony, Inc., a leading provider of digital banking solutions, and CFG Bank, an innovator in retail commercial banking in Morocco, today announced their collaboration on CFG Bank’s digital banking application. With customers expecting a simple yet robust digital banking experience, CFG Bank has selected Kony to partner on its long-term digital transformation strategy built on the pillars of simplicity, transparency and sustainable customer relationships. Central to that strategy is CFG Bank’s dynamic app built on Kony’s digital banking platform, Kony DBX, which provides a more modern digital banking experience.......

February 5, 2019

Afreximbank provides Tunisia with 2 lines of credit of $ 800 million

(TAP) - The African export-import bank (Afreximbank) has opened two lines of credit with a total value of $ 800 million (the equivalent of 2.4 billion dinars) for Tunisia, the Prime Ministry said in a statement Monday.

The"...

January 30, 2019

Third Middle East and Africa Fintech Forum in Bahrain

The Third Middle East and Africa Fintech Forum announces that some of the world’s leading figures, academic thinkers and innovators in disruptive technology will be speakers at the region’s premier FinTech conference, which is held in Bahrain on February 20-21 under the patronage"...