Namibia economic summit

Morocco’s central bank increases three-fold banks refinancing capacity

The Central bank said it will intervene to ensure there is enough cash for banks through increasing three-fold their refinancing capacity in dirham and hard currency. The move comes as a lifeline for Moroccan banks to offset the financial repercussions of coronavirus and help them offer loans for enterprises and households, the central bank said […]

African Development Bank names top 10 public service champions

The African Development Bank unveiled its inaugural Public Service Delivery Index, revealing that most African countries struggle to provide quality public services, with the continent achieving just 45.39% of ideal performance standards. Morocco ranked sixth in the top 10 public service champions with 55.22 points, capitalizing on strategic investments in infrastructure, dynamic industrialization through specialized […]

Moroccan Dolidol Company to step up operations in Nigeria with IFC Support

Dolidol, a Moroccan manufacturer and distributor of bedding products, has secured a €20 million financial support of the International Finance Corporation and Proparco to enhance its production and sales in Nigeria. The financing package includes a loan of €13.5 million from IFC and €6.5 million provided by Proparco, the French Development Institution. The financing will […]