Roi August 20 2017

Morocco’s BCP Becomes Largest Banking Group in Niger

Morocco’s Banque Centrale Populaire (BCP) Group has become the largest banking group in Niger, after it finalized Tuesday the acquisition of the International Bank for Africa, so far the second-largest banking institution in the African country. With the completion of this transaction, the BCP Group holds, through its subsidiary ABI, 69.51% of the capital. BCP […]

Morocco reports trade surplus with Africa despite drop in exports

Morocco reported a surplus for the fourth consecutive year in its trade with Africa although its exports dropped 2.4% in 2018. Morocco exported 21.57 billion dirhams in goods to Africa in 2018. The continent takes 7.8% of Morocco’s exports. Over four years, Morocco’s exports to Africa grew 29% while imports dropped 5% as the Kingdom […]

Morocco urges UNHCR to pressure Algeria to lift blockade on Tindouf camps

Morocco has reiterated its call on the UN refugee agency (UNHCR) to put pressure on Algeria to lift its blockade on the Tindouf camps where it has relegated the fate of thousands of Sahraouis to a separatist militia that trades in their suffering. Speaking before the 80th meeting of the UNHCR Standing Committee, Morocco’s representative […]