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    BANKING

    November 24, 2022

    Al-Kabir, Turkish Minister of Trade discuss the bank letters of guarantee file

    Rabat - Morocco has ranked fourth in the Middle East and North Africa (MENA) region in terms of racial equality, according to a recent ranking from American outlet US News.

    Saudi Arabia topped the regional ranking"...

    November 19, 2022

    Central Bank Launches Financial Capability Barometer for Moroccans

    Rabat - Morocco’s central bank, Bank Al-Maghrib (BAM), launched an official Financial Capability Barometer (FCB) in Morocco. The barometer is set to track the financial performance and behavior of Moroccan citizens on finance-related decisions.

    "...

    November 16, 2022

    CBN, World Bank Move to Drive Access to Credit for MSMEs in Nigeria

    National Collateral Registry (NRC), a financial infrastructure set up by the Central Bank of Nigeria (CBN) and International Finance Corporation (IFC), a World Bank group have expressed readiness to address the challenges around access to finance by Micro, Small and Medium Enterprises (MSMEs)"...

    November 10, 2022

    Railway Infrastructure: EIB, ONCF Sign €200 Mln Financing Contract

    Rabat - The European Investment Bank (EIB) and the Office National des Chemins de Fer (ONCF) announced on Wednesday the signing of a €200 million (2.1 billion dirhams) financing contract, which represents 80% of a global sum of €250 million made available to ONCF to support its"...

    November 8, 2022

    Morocco, AfDB Sign Loan Deals to Boost Agriculture and Social Protection

    Rabat - The African Development Bank and Morocco’s government signed two loan agreements to support cereal production and social protection in the North African country.

    The"...

    November 8, 2022

    Attijariwafa Bank Partners with Union Bank to Expand Operations in Africa

    Rabat - Attijariwafa Bank, Morocco’s largest banking group by market capitalization, announced its signing of a partnership agreement with Nigeria’s Union Bank aiming to strengthen their market footprint in Africa.

    "...

    November 7, 2022

    European Bank Launches Program to Support Moroccan Businesswomen

    Rabat - The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) launched on Friday in Marrakech the Women in Business program aiming to support women-led small and medium-sized enterprises (SMEs) in Morocco.

    "...

    November 3, 2022

    Arm Announces the Appointment of Tony Fadell to the Board of Directors

    Arm today announced the appointment of Tony Fadell, Build Collective Principal, to its Board. Mr. Fadell brings decades of experience with the Arm architecture and ecosystem to his role as the company prepares for a potential public listing.CEO Rene Haas said, “Tony’s deep technical"...

    November 2, 2022

    Standard Bank Plans to Enter Morocco, Expand in North Africa

    Rabat - Johannesburg-based Standard Bank has announced its plans to expand into North Africa, particularly in Morocco and Egypt.

    Africa’s largest lender by assets plans to enter the continent’s biggest"...

    November 2, 2022

    Bank of Africa, EnR, AMEE Join Forces to Boost Climate Finance in Morocco

    Rabat - The Bank of Africa Group (BOA), Morocco’s third largest banking group by market capitalization, is partnering with the Moroccan Agency for Energy Efficiency (AMEE) and the Renewable Energy Cluster (EnR) to coordinate efforts on decarbonizing the economy.

    "...

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