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Morocco’s Main Ports Operator to invest $2.1 Bln to Strengthen Group’s Regional Leadership

Morocco’s main ports operator, Marsa Maroc Group, has unveiled a $2.1 billion investment program over 2025-2030 period to strengthen the group’s regional leadership. The investment roadmap was approved by the company’s board of directors during its latest meeting convened to endorse the 2025 financial statements. Consolidated revenue of Marsa Maroc increased from $500 million recorded […]

AfCFTA to boost remittances by making cross-border transactions cheaper

The African Continental Free Trade Area (AfCFTA) has potential to increase cross-border remittances by migrants, according to a new report by World Bank, even as international markets remain the largest sources. The AfCFTA has the potential to make cross-border transactions such as remittance transfers by migrants within Africa cheaper through the Pan-African Payment and Settlement […]

Egypt: Hassan Abdallah appointed as acting governor of central bank

Egypt’s President Abdelfattah al-Sisi has named Hassan Abdallah as acting governor of the central bank of the country after the former chief resigned Wednesday. Abdallah until the appointment Thursday was Chairman of the Board of Members of the United Media Services Group (UMS). The 62-year old man replaces Tarek Amer who resigned Wednesday but was […]