Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that the positive trend should continue in 2nd semester due to higher interest rates and loan book growth. The seven largest banks’ aggregate net income increased by 28% yoy in 1st […]
The world’s leading manufacturer of sensor and communication systems, TE Connectivity, opened its second factory at Tangier Automotive City this week. The new plant will support the company’s commercial and industrial transport solutions in Europe, Africa, and the Middle East (EMEA region). The Suisse-based company, which had a single distribution center in Morocco in 2012, […]
France’s foreign ministry Monday slammed Burkina Faso’s Saturday decision to expel two French journalists from the West African country. Authorities of the African country expelled Sophie Douce and Agnès Faivre respectively correspondents of Le Monde and Liberation after they were questioned by the country’s police directorate. Liberation reported that the army committed abuses against adolescents […]
