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Morocco’s Holmarcom group takes control of Credit du Maroc Bank

North Africa Post

Morocco’s Holmarcom group has taken control of Credit du Maroc, a subsidiary of French bank Credit Agricole. Holmarcom has bought all the 78.7% stakes owned by Credit Agricole in its Moroccan branch, in a move to strengthen its foothold in the finance and insurance business. Morocco’s Wafa Assurance and other stakeholders own 10.73% and 10.56% […]
Europe International

France: Valls quits Matignon to run for President

North Africa Post

French socialist Prime Minister Manuel Valls Monday resigned from his position as he announced his candidacy for the country’s top job. “I have learned a lot from my countrymen, so yes, I am candidate for the presidency,” Valls told his supporters at Evry (15 miles from Paris). “I have that force in me, the willingness […]
Finance Headlines Morocco

Will Morocco’s central bank end accommodative monetary policy to curb inflation?

North Africa Post

Morocco’s central bank will hold its second meeting this year on June 21 to take key monetary policy decisions with analysts predicting the bank to increase key borrowing rates to mitigate the impact of imported inflation. Morocco has maintained the key interest rate at an all-time low of 1.5% since June 2020 to spur the […]