British Fintech Revolut prepares Morocco market entry with digital banking revolution

British financial technology powerhouse Revolut is positioning itself to disrupt Morocco’s traditional banking sector, with regulatory approval applications submitted to Bank Al-Maghrib signaling imminent market entry into North Africa’s growing digital economy. The London-based neobank, valued at approximately 41 billion euros with nearly 60 million global customers, has appointed its first Morocco country director and […]

Morocco, Mauritania Poised to Boost Partnership in Energy Field

Mauritanian capital Nouakchott is hosting this week a business forum aimed at boosting Mauritanian-Moroccan partnership in the energy field. The forum, held under the auspices of the Pan-African Confederation of Electricity (CAFELEC), is co-organized by the Moroccan Federation of Electricity, Electronics and Renewable Energies (FENELEC Morocco) and the Mauritanian Electricity Company (SOMELEC). The forum featured […]

EBRD forecast: Morocco’s economy to grow 5% in 2021 & 3% in 2022

The European Bank for Reconstruction and Development expects Morocco’s economy to rebound by 5 per cent in 2021, before moderating to a growth of 3.2 pc in 2022. In its latest Regional Economic Prospects report released Thursday, the Bank says the success of Morocco’s vaccination campaign will lead to faster reopening of the economy, despite […]