Laayoune

AfDB loans Côte d’Ivoire €165m to finance key programs of country’s National Development Plan 2021-2025

The African Development Bank (AfDB) announced Monday the approval by its board of directors of two loans valued at €165 million earmarked for the implementation of the Diversification, Industrial Acceleration, Competitiveness and Employment (DAICE) Program, an important aspect of the country’s National Development Plan 2021-2025. The first loan is worth €120 million and the second […]

Morocco’s Bank of Africa seeks to bring Indian investments to Morocco

Morocco’s Bank of Africa, formerly known as BMCE Bank, signed a deal with Export-Import Bank of India (EXIM Bank) to back investments in both ways. The MoU was signed during a Webinar by representatives of the two banks who highlighted investment opportunities in innovative sectors. Speaking at the video conference, Morocco’s ambassador to India Mohamed […]

Morocco’s RAM to cut jobs and routes due to coronavirus crisis

Morocco’s flag carrier RAM saw its revenues drop to zero because of a domestic and international flight ban following the coronavirus outbreak leaving the company struggling to pay salaries and expenses. The company has requested state aid and plans layoffs as well as canceling some routes it has opened recently, Moroccan media reported, noting that […]