Moroccan financial company Wafacash has sealed a deal with WorldRemit, an online money transfer service provider, enabling Moroccans living overseas to send money to their homeland wherein the cash will be available instantly for the beneficiaries. The money transfers wired though WorldRemit system can be picked up from any of the 1620 Wafacash locations installed […]
In 2023, banking intermediation was at the heart of Mauritanian banks’ operations, as they leveraged their deposit-taking and lending activities to support growth. According to the Central Bank of Mauritania’s 2023 annual report, this activity accounted for 65.1% of the banking sector’s total consolidated assets. Customer deposits at the 17 banks operating in the country […]
Morocco has invested heavily in ports infrastructure to become a competitor of its European neighbors, Spain and Portugal, in port-related items in international rankings, Jaime Pérez-Seoane de Zunzunegui, regional editor for North Africa for Oxford Business Group told the Wall Street Journal. “Morocco’s ports really shine, ranking 16th globally for liner shipping connectivity, and 28th […]
