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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 […]

Casablanca Finance City, 1st financial center in Africa – Global Financial Centers Index

Casablanca Finance City (CFC) has retained its ranking as the first financial center on African continent on Global Financial Centers Index (GFCI). The latest GFCI report, the 30th edition, ranks CFC 53rd globally, 4th in the Middle East region and the first on the African continent. CFC dominates Cape Town (62nd), Johannesburg (64th), Mauritius (73rd) […]

Morocco’s Lekjaa Elected to Executive Council of Arab Football Associations Union

President of the Royal Moroccan Football Federation (FRMF), Fouzi Lekjaa, was elected Thursday as a member of the Executive Council of the Union of Arab Football Associations for 2021-2025. This election took place during the 26th session of the General Assembly of this body, held in Jeddah, Saudi Arabia, which also re-elected by acclamation Prince […]