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Money Transfers: Moroccan Wafacash Teams Up With WorldRemit

Moroccan financial company Wafacash has sealed a deal with WorldRemit, an online money transfer service provider, enabling Moroccans living overseas to send money to their homeland wherein the cash will be available instantly for the beneficiaries. The money transfers wired though WorldRemit system can be picked up from any of the 1620 Wafacash locations installed […]

Libya: E.U to sanction factions rejecting UN Deal

The European Union (EU) is planning to impose sanctions on any of the warring parties in Libya that refuses to agree to the U.N-brokered peace deal propelled by Special Envoy Bernardino Leon. E.U foreign policy chief Federica Mogherini has already discussed the matter with European foreign ministers and Leon. Details of the possible sanctions have […]

Morocco one of two African states with investment grade

Morocco offers a platform for companies that want to export as it is one of two only countries with an S&P investment grade, Finance Minister Mohamed Benchaaboun said. He recalled that the same credit rating agency has upgraded Morocco’s outlook to stable further boosting its position in international sovereign debt market. The minister told reporters […]