Since May 1, 2025, payment institutions and banking subsidiaries dedicated to acquisition services, with proper authorization, can operate in Morocco’s electronic payment market and commercialize their offerings, the Competition Council announced. The Council recently held a follow-up meeting on dismantling the quasi-monopoly held by the Centre Monétique Interbancaire (CMI) in the electronic payment market. Besides […]
Morocco’s Central bank decided on Tuesday to lift its rates by 50 basis points to 3 percent to counter inflationary pressures exerted both at the domestic and international levels. During its first meeting of 2023 held in Rabat, the Board of Bank Al Maghrib discussed the evolution of the national economic situation and the Bank’s […]
OCP Africa, an offshoot of the Moroccan fertilizer producer giant OCP, participated in the launch of the Climate Resilient Wheat Value Chain Development Project in Ethiopia. The launch event, held earlier this week, was attended by Ethiopia’s Agriculture Minister, Girma Amente, as well as partners such as the African Development Bank (AfDB), The Netherlands and […]
