Morocco’s second biggest lender, BCP, said its net banking income rose 10.6% to 22.8 billion dirhams in 2023. This performance is attributed to the strengthening of the interest margin by 1.9%, an 8% growth in the commission margin, and an increase in the result from market activities by 65.8%, the bank said. The bank’s net […]
A landmark Moroccan law guaranteeing public access to information entered into force this Thursday. The move is a major forward step enhancing the country’s democratic transition, good governance and transparency. Under the new law stipulated in the Constitution of 2011, public authorities, courts, public administrations or private establishments offering public service… are obliged to publish […]
The African Petroleum Producers’ Organization (APPO) is putting the finishing touches to establish the Africa Energy Bank (AEB) that will offer alternative funding source for oil and gas projects on the continent after international financing institutions have started scaling back their funding, citing stringent conditions and environmental concerns. Speaking at a recent Nigeria International Energy […]
