The European Bank for Reconstruction and Development (EBRD) announced on Wednesday a $20 million loan to the Moroccan bank, “Crédit Agricole du Maroc”, to support local exporters and importers The funds will be used to issue guarantees in favor of confirming banks and to provide cash financing for pre-export and post-import financing and for local […]
Morocco reported a 124% rise in tourism receipts to 14.62 billion dirhams ($1.5 bln) up to April this year, getting closer to pre-pandemic levels of 2019, the exchange office said. Analysts say that the receipts could have been higher had it not been for Ramadan which coincided with April this year. Morocco is restoring air […]
Is South Africa Abandoning the Polisario? The question was raised just few hours after the South African President, Cyril Ramaphosa, delivered a speech Tuesday in Pretoria to present his program at the head of the African Union that he will be chairing for a year as of this February. Analysts did not give a clear […]
