BMCE Bnak of Africa in shangai

Mohammed VI Foundation for Sustainable Development Funds Multimillion Projects in Madagascar

King Mohammed VI and Madagascar’s President Hery Rajaonarimampianina launched, in the Malagasy city of Antsirabe, the construction works of a hospital for mothers and children and a vocational training centre for a total cost of 220 million Dirhams, funded by Mohammed VI Foundation for Sustainable Development. The projects were launched on the occasion of King […]

Algeria: Military Spending Hits $ 9.6 Bln in 2018

Despite deepening political crisis and growing social woes, the Algerian authorities continued their spree spending on weaponry instead of funding socioeconomic development projects. With a total of $9.6 billion in 2018, Algeria had by far the highest military spending in Africa, says the Stockholm International Peace Research Institute (SIPRI) in latest report. The rich oil-gas […]

Morocco’s economic, financial stability attracts investors- minister

Thanks to its sound economic and financial fundamentals, Morocco has fostered its attractiveness to foreign investors, while receiving preferential terms from international financial organizations. Within a month, Morocco’s reforms earned it an exit from the grey list of the Global financial crime watchdog, the Financial Action Task Force. Few days later, Morocco scored another financial […]