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Egypt’s current account deficit soars as Suez Canal revenues plummet
Egypt’s current account deficit more than doubled to $5.9 billion in the July-September 2024 quarter, up from $2.8 billion in the same period last year, according to the Central bank on January 16. A significant contributor to this widening deficit was a sharp drop in Suez Canal revenues, which fell by 61.2% to $931.2 million, […]
Tree Moroccan Banks Win African Banker Awards 2017
Attijariwafa Bank, la Caisse Centrale de Garantie and le Groupe Crédit Agricole du Maroc have all won 2017 African Banker Awards in various categories. Attijariwafa Bank has been awarded the trophy of “Best Regional Bank in North Africa”, la Caisse Centrale de Garantie has obtained the “Financial Inclusion Award”, while le Groupe Crédit Agricole du […]
Morocco to Open Embassy in Zambia in September
Morocco is set to boost its footprint at the diplomatic and economic level in English-speaking African countries with the announcement of the opening of an Embassy of the Kingdom in Zambia’s capital, Lusaka, next September. The news was unveiled during an official visit to Zambia by Secretary of State in charge of Foreign Affairs, Mounia […]



