Sahara: Gambia Opens General Consulate in Dakhla

Just few weeks after the Comoros Islands opened a consulate in the Moroccan Saharan city of Laayoune, Gambia opened this Tuesday Jan.7 its General Consulate in Dakhla. The Moroccand and Gambian Foreign Ministers Nasser Bourita and Mamadou Tangara chaired the opening ceremony of the consulate in the presence of several officials from both Rabat and […]

Morocco: Moves to facilitate SMEs’ access to capital market

A memorandum of understanding to facilitate the access of small and medium-sized enterprises (SMEs) to the capital market was signed on Wednesday in Casablanca. The MoU between the Casablanca Stock Exchange, the Moroccan Capital Market Authority (AMMC), the Professional Association of Brokerage Companies (APSB) and Maroclear aims to facilitate SMEs’ access to financing at the […]

Morocco to introduce secondary market for non-performing loans

Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]