IFC

British Fintech Revolut prepares Morocco market entry with digital banking revolution

British financial technology powerhouse Revolut is positioning itself to disrupt Morocco’s traditional banking sector, with regulatory approval applications submitted to Bank Al-Maghrib signaling imminent market entry into North Africa’s growing digital economy. The London-based neobank, valued at approximately 41 billion euros with nearly 60 million global customers, has appointed its first Morocco country director and […]

British MPs press London to recognize Moroccanness of Sahara

Several British MPs have urged their government to recognize Morocco’s full sovereignty over its entire Sahara territory, describing the North African Kingdom as UK’s second oldest ally and a reliable partner. During a debate held lately at the UK Parliament, MP Daniel Kawczynski, member of the ruling Conservative party, said the United States of America, […]

Egypt to invest $663mln to launch industrial complexes

Egypt plans to invest about $663 million in new industrial projects, Mohamed Maait, Minister of Finance said.   The new investment will go to building new industrial complexes across the country to boost exports of Egypt-made products.   According to the minister, more than $300 million will be spent on the construction of 13 new […]