Morocco’s BCP Bank posts 10.6% net banking income increase

Morocco’s second biggest lender, BCP, said its net banking income rose 10.6% to 22.8 billion dirhams in 2023. This performance is attributed to the strengthening of the interest margin by 1.9%, an 8% growth in the commission margin, and an increase in the result from market activities by 65.8%, the bank said. The bank’s net […]

Moroccan FM meets influential Congressmen as Washington reiterates support on Sahara issue

Foreign Minister Nasser Bourita held talks with influential members of the US Congress, following Washington’s reaffirmation of its recognition of Morocco’s sovereignty over the Sahara territory and its support for the autonomy plan as sole framework for negotiations. On the second day of his first visit to Washington since Trump’s comeback, Bourita discussed Morocco-US partnership […]

US donates Somalia $9 million worth of weapons, equipment for anti-al-Shabab campaign

The United States has provided $9 million in new military aid to help Somalia’s ongoing campaign against al-Shabab militants, the US embassy in Mogadishu announced. The military equipment handed to the government includes weapons and vehicles and is destined to support the campaign by the Somali National Army to liberate communities from al-Shabab control. It’s […]