drought in Africa

IFC Teams up with Moroccan BCP Group to Enhance Microfinance in Sub-Saharan Africa

The International Finance Corporation (IFC) has sealed an agreement with Atlantic Microfinance for Africa (AMIFA), a subsidiary of the Moroccan Banque Centrale Populaire (BCP) Group, for developing new products and services to boost financial inclusion in Sub-Saharan Africa. The agreement will enable AMIFA to strengthen the development capacity of its microfinance program in Sub-Saharan Africa […]

Robust remittances from Moroccans abroad offset tourism losses

The restrictive measures to contain the Covid-19 pandemic have dealt a blow to the inflow of hard currency from the tourism business in Morocco that has been offset so far by a surge in remittances from Moroccans abroad. In the first ten months this year Morocco’s foreign exchange regulator has reported a record 80 billion […]

Moroccan firms foster foothold in podium of Africa’s 500 biggest companies

The number of Moroccan firms in the list of the 500 largest companies in Africa grew to 54, highlighting the expansion and diversification of Moroccan businesses on the continent. The ranking, issued by Jeune Afrique, shows the growth of Moroccan firms operating in key sectors such as banking, telecommunications, agro-industry, and infrastructure. These Moroccan giants […]