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Senegal: AfDB provides €60 million for ambitious agriculture project

The Board of Directors of the African Development Bank has approved a €87.6 million loan to Senegal, to implement its Water Development Project for the development of value chains (PROVALE-CV). The loan will be co-financed by the Bank in the amount of €60.8 million (for a project whose total cost is estimated at €122 million) […]

Moroccan Banks: Profits hit MAD 3.4 billion in 2019 first quarter

At the end of the first quarter of 2019, Morocco’s banking sector posted a 6% increase in profits compared to last year, with 3.4 billion dirhams (MAP). The first three months of the year 2019 were favorable for the banking sector, states local daily, l’Economist, in its Monday issue. Overall income of the banking sector […]

Military Cooperation: Morocco Participates in NATO’s Sea Guardian Operation

Morocco has participated in NATO’s Sea Guardian Operation, the task group having recently completed its sixth targeted maritime patrol of the year in the western Mediterranean and off the Strait of Gibraltar. It was the Moroccan royal frigate of the SIGMA 9813 class, Sultan Moulay Ismaïl that participated in NATO’s Sea Guardian operation, known as […]