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Over 70% of Moroccan households received cash handouts to cope with Covid 19

Morocco has distributed cash to a little over 70% of Moroccan households to help them cope with the restrictive measures to curb the coronavirus, finance minister said. Morocco has offered 2000 dirhams from March to June to workers affiliated to the pension fund CNSS and up to 1200 to households, whose main provider is working […]

Morocco: Earthquake death toll rises to 2,862, number of wounded to 2,562 – Interior Ministry Update

An updated count of the casualties of the earthquake that shook some central Moroccan provinces and prefectures on September 8 has put the number of dead at 2,681 and the number of injured at 2,501 up to 07.00 p.m. this Monday, the Ministry of the Interior said in a statement. By province, the tremor resulted […]

BMCE Bank of Africa Gets €35 Mln Loan for Energy Efficiency Projects

Moroccan bank BMCE Bank of Africa and its leasing subsidiary Maghrebail received a €35 million loan granted by the European Bank for Reconstruction and Development (EBRD), Agence Française de Développement (AFD) and the European Investment Bank (EIB). The three financial institutions are teaming up to strengthen sustainable energy measures in Morocco, with the support of […]