Morocco’s Central bank decided on Tuesday to lift its rates by 50 basis points to 3 percent to counter inflationary pressures exerted both at the domestic and international levels. During its first meeting of 2023 held in Rabat, the Board of Bank Al Maghrib discussed the evolution of the national economic situation and the Bank’s […]
Morocco, under the leadership of King Mohammed VI, is committed to promoting African integration, development and cooperation as a priority of the kingdom’s foreign policy. Recalling that the future of Africa depends on effective complementarity and cooperation between its States, Foreign Minister Nasser Bourita underscored, in a speech before African ambassadors and the diplomatic corps […]
Paris-based multinational financial services company, Société Générale, also known as SocGen, has withdrawn from four African countries, namely Chad, Congo, Equatorial Guinea, and Mauritania. The company announced this Thursday that it has signed agreements with two pan-African banking groups for the sale of its subsidiaries in the four African countries. The company has not disclosed […]
