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Moroccan banks start to shake off Covid-19 impact

Moroccan banks have shown resilience to the impact of the Covid-19 crisis maintaining enough provisions to face the surge of the cost of risk due to a rise in impaired loans, analysts and the central bank say. The IMF has urged the Central Bank to keep ensuring that the Banks had enough provisions to deal […]

Morocco’s Palmeraie Industries & Services Launches Foam Producing Plant in Abidjan

The Moroccan Palmeraie Industries & Services group has launched the construction of a foam producing plant in the industrial zone of Ivorian capital city Abidjan. The future plant, named Uni Confort Côte d’Ivoire Dolidol, is situated in Yopougon and requires an investment of $125,000 (125 million MAD), Moroccan media L’Economiste reports. The plant to cover […]

Morocco Earmarks $5.7 Mln to Protect Livestock against Drought

Moroccan government has earmarked $5.7 million to help farmers protect their livestock and ease their concern over the delay of rainfall.   The funds will be used for the purchase and transportation of fodder to rural zones and remote villages to enable farmers to keep their cattle. These emergency measures were announced lately by minister […]