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Two EU Commissioners in Rabat for talks on partnership

EU Commissioner for Home Affairs Ylva Johansson and Commissioner for Neighbourhood Olivér Várhelyi are expected in Morocco on Tuesday for talks on issues of mutual interest and new opportunities for cooperation between the two strategic partners, announced the European Commission in a press release.   During their visit, the two EU officials will discuss with […]

Digital innovation transforms Morocco’s traditional savings system

Morocco’s centuries-old rotating savings system, known locally as “daret” or tontine, is undergoing a digital transformation aimed at addressing the financial exclusion affecting 53 percent of the country’s adult population. The new mobile application, developed by former French banking executives Nabil Chakir and Mourad Chokeir, seeks to modernize this informal financial practice while preserving its […]

Germany Supports Morocco’s Development with €450 Mln Funding

Morocco has secured €450 million funding from German Development Bank (KfW) under three agreements inked Tuesday in Rabat by Minister Delegate in charge of the Budget Fouzi Lekjaa and Director of the German Bank for North Africa Daniela Beckmann. KfW is providing Morocco €100 million to enhance the Kingdom’s resilience to climate change and supporting […]