Works to build a highway linking Tiznit in central Morocco to Dakhla are now 81% complete, in a key project that will improve connectivity between Morocco and its south and open a gateway for road traffic to the rest of Africa. The new 1055km-long road will be built at a cost of 10 billion dirhams […]
Morocco is poised to enter race for hosting the prestigious Formula-One among two other African candidates, South Africa and Rwanda, vying for the event. To enhance its chances, the North African Kingdom has a $1.2 billion project, sited 20 kilometres south of the coastal city of Tangiers, according to online motorsport website “RacingNews365”. The Moroccan […]
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 […]
