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Morocco’s BCP Group acquires majority stakes in Madagascar’s BMOI

Morocco’s Banque Centrale Populaire, BCP, finalized Thursday the acquisition of 71 per cent stakes in Banque de Madagascar et de l’Océan Indien (BMOI), an Antananarivo-based bank owned by French group BPCE (Banque Populaire et Caisse d’épargne). The deal signed at BMOI will enable the BCP to deepen its foothold in the Indian Ocean area and […]

Africa has always been at the heart of Morocco’s strategic choices

Africa has always been at the heart of Morocco’s strategic choices and Morocco has never ceased reaffirming its African identity since its independence, said Tuesday in Paris the ambassador of the Kingdom to France, Mohamed Benchaâboun. The Morocco-Africa relationship is a “priority” in the Kingdom’s foreign policy and has been enshrined in the Constitution in […]

Moroccan IS returnees from Iraq, Syria will put country in jeopardy, Europe warns

European Intelligence agencies have warned Moroccan authorities to be on alert, pointing out that the country’s citizens fighting in the ranks of the Islamic State group (IS) in Syria and Iraq are set to come back home to commit terrorist attacks. The security of the North African country could be in jeopardy as hundreds of […]