EBRD: Haytham Eissa, new head of bank’s office in Morocco

The European Bank for Reconstruction and Development (EBRD) has appointed Haytham Eissa Head of the Bank’s Office in Morocco, in replacement Antoine Sallé de Chou. Mr Eissa said: “Building on the EBRD’s strong track record in Morocco, I am committed to driving even greater impact in the years ahead. We will continue to invest in […]

Fitch: Moroccan Banks show resilience despite Macro-economic challenges

Moroccan banks continue to show resilience despite challenging global and domestic macro-economic conditions, Fitch Ratings says in a new report focusing on the country’s seven largest banks. Banks have built up healthy provisions buffers since 2020 and are well-placed for a continued recovery in profitability in 2024 amid rising interest rates, says the rating agency. […]

Jailed former Mauritanian President hospitalized for “urgent care’’

Former Mauritanian President Mohamed Ould Abdelaziz, in pre-trial detention since June in a case of alleged corruption, was admitted Wednesday night to the military hospital in Nouakchott for “urgent care,” one of his lawyers announced Thursday. Ould Abdelaziz, who led Mauritania from 2008 to 2019, “has been transferred to this hospital for urgent care (…) […]