australia

Impaired loans weigh on banks profitability in 2020

Moroccan banks’ impaired loans ratio surged to 8.6% to stand at a record 80 billion dirhams undermining Bank’s profits in 2020, the central bank said in its latest report. The rise of bad loans takes place at a context marked by the impact of the pandemic on economic activity in general and bank loans in […]

Nigeria-Morocco Gas Pipeline Advances Toward Construction Phase

The ambitious Nigeria-Morocco Atlantic Gas Pipeline project has reached critical milestones following high-level meetings in Rabat, positioning the 6,000-kilometer infrastructure initiative for imminent implementation. In December 2024, West African leaders approved the Intergovernmental Agreement during the 66th CEDEAO Summit, spelling out each country’s rights and responsibilities for the project. Morocco’s Minister of Energy Transition Leïla […]

Morocco, Rwanda resolved to develop their cooperation

Morocco and Rwanda materialized their shared resolve to bolster their growing relations with the signing of two new cooperation agreements in Rabat on Friday.   The first agreement provides for the setting up of a Steering Committee for cooperation between the two governments, while the second concerns cooperation in the area of sports.   The […]