Deputy President of Libyan Presidential Council Abdullah Allafi

AfDB Grants €70 million financing facility to Morocco’s Bank of Africa to promote African trade

The African Development Bank Group approved a €70-million financing facility for Bank of Africa Maroc (BOA) to promote access to financing African trade. The package comprises a €50 million Risk Participation Agreement (RPA) and a €20 million Trade Finance Line of Credit (TFLOC), the AfDB said in a press release. “The African Development Bank, rated […]

Tunisia Plans to Set up Security & Intelligence Agency

Tunisian authorities Thursday decided to endow the country with its own security and intelligence national agency to help in preventing and warding off terrorist threats and acts. A concerted meeting between the Tunisian Head of State Beji Caid Essebsi, Prime Minister Habib Essid, Speaker of the Parliament Mohamed Ennaceur along with several government officials and […]

Morocco: Banking deposits surge 72% over a decade reaching $120 billion

Banking deposits in Morocco have experienced consistent growth over the past decade, reaching 1.271 trillion dirhams ($120 billion) in 2024 compared to 740 billion dirhams in 2014, representing a remarkable 72% increase. Bank Al-Maghrib monetary statistics confirm this robust upward trajectory, with deposits surpassing the one trillion-dirham milestone in 2020. The growth pattern demonstrates strong […]