BCP Bank, AfDB Join Efforts in $100 mln Deal to Enhance African Trade

Morocco’s BCP Bank and the African Development Bank teamed up in a $100 million agreement to boost trade between African countries. The deal (risk participation agreement) provides for cooperation to promote trade between African states by meeting the growing demand on financing transactions in the continent, the Moroccan bank said in a statement. The BCP […]

S&P revises Morocco’s outlook to positive

Credit rating agency Standard & Poor’s revised Morocco’s outlook to positive BB+/B thanks to social, economic, and budgetary reforms. With the new rating, Morocco edges closer to retrieve its investment grade, lost during the Covid-19 pandemic. “Morocco’s economy has proven resilient in the face of multiple shocks over the past five years, and maintained access […]

Senegalese soccer star Mane completes acquisition of France’s National 2 side Bourges Foot 18

The Senegalese soccer star and international Sadio Mane has acquired National 2 club Bourges Foot 18, a fourth-tier French club. The French side made the announcement Wednesday October 25 during a press conference, explaining that the deal had been in the pipeline for three years. “I can confirm the official arrival of Sadio Mane as […]