CDC Group, the British government’s overseas-investment arm, said it has invested $200 million in Morocco’s BMCE bank, which seeks to develop its activities on the African continent. The British group acquired nearly 5% in the bank’s capital after the investment, part of CDC’s plan to invest $4.5 billion in the African continent, the two institutions […]
A parametric insurance pool, facilitated by reinsurance broker Gallagher Re, paid out $275 million to Morocco’s Solidarity Fund against Catastrophic Events (FSEC), responding to the 7-magnitude earthquake that rattled Al-Haouz region on September 8, 2023, Middle East Insurance Review reported earlier this month. The insurance broker confirmed last year that it was in touch with […]
King Mohammed VI received on Tuesday at the royal palace in Rabat the personnel envoy of the UN Secretary-General for the Sahara, Horst Köhler, who visited Morocco as part of a regional tour including Tindouf, Algiers and Nouakchott. Horst Köhler, a former president of Germany, also met Prime Minister Saâdeddine El Othmani and Foreign Minister […]
