In Mauritania, Proparco, a Development Financial Institution partly owned by the French Development Agency, has signed an agreement with Attijari Bank Mauritania, the local subsidiary of the Moroccan financial group Attijariwafa Bank, to guarantee up to €5.5 million ($6.1 million) loans to approximately 140 Mauritanian small and medium-sized enterprises (SMEs). According to the MoU signed […]
Construction work of the first solar photovoltaic power plant in the Tangier-Tetouan-Al Hoceima region, with an installed capacity of 34 megawatts (MWp), was launched Tuesday in the commune of Hjar Nahal, in the Tangier-Assilah prefecture. The GPM1 solar power, developed by the Green Power Morocco Company for an overall investment of about 370 million dirhams […]
Casablanca Stock Exchange approached its highest historical level, buoyed by the unexpected announcement from Bank Al-Maghrib to lower its key interest rate to 2.25%. The MASI, the benchmark index, closed up 2.10% at 17,193 points, touching its all-time high. The volume of transactions on the central market reached 1.1 billion dirhams. Attijariwafa Bank led the […]
