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E-payment leader in Egypt to launch new digital bank by end of 2023

Fawry, Egypt’s leading E-payment solutions provider, will turn its online payment portal “myFawry” into a digital bank in 2023, the country’s stock exchange market indicated Sunday August 13, in a statement. The future bank will provide a variety of financial services, including payments, consumer lending, savings, and investments, the online payment firm indicated. Downloads of […]

Morocco unrelenting in fighting smuggling from enclaves of Ceuta, Melilla

Morocco’s crackdown on all sorts of smuggling and contraband originating from the enclaves of Ceuta and Melilla under Spanish occupation has helped the country gain an additional 4 billion dirhams in customs revenue. Since the outbreak of the coronavirus, Morocco has maintained its borders closed with the two cities to fight the virus but the […]

Morocco outperforms North African peers in economic freedom- Heritage Foundation

Morocco topped North African countries in the Economic Freedom Index which covers 12 freedoms – from property rights to financial freedom – in 184 countries. Globally, Morocco was ranked the 97th freest in the 2022 Index. But its overall score was above the regional average. Algeria continued to lag behind ranking the 167th globally and […]