Commercial International Bank Egypt (CIB) is set to proceed with the complete takeover of Kenya’s Mayfair CIB, after obtaining approvals from authorities, in a deal valued at $40 million. The Central Bank of Egypt (CBE) and the Central Bank of Kenya (CBK) have just granted their consent for CIB to acquire the remaining 49% of […]
Morocco’s tourism sector is poised to approach 20 million visitors by year-end 2025 while surpassing 120 billion dirhams in revenue—a target originally set for 2026—according to Tourism Minister Fatim-Zahra Ammor. Speaking with local media, Ammor attributed the accelerated growth to multiple factors, including international tourism’s post-pandemic recovery and Morocco’s elevated profile following the 2022 World […]
The African Development Bank has lent €100 Million to Morocco’s Communal Equipment Fund to support sustainable infrastructure projects aimed at reducing territorial and social disparities in the North African Kingdom. The loan agreement was signed Friday in Rabat by the African Development Bank (AfDB) and le Fonds d’équipement communal (FEC). The money will serve to […]
