North Africa Post
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Africa International

Tug-of-war: West and Russia vying for influence in Africa

North Africa Post

French President Emanuel Macron and Russian Foreign Minister Sergey Lavrov are each visiting several African countries this week in what is widely seen as a tug-of-war over zones of influence on the continent. Speaking during a visit to Ethiopia, Lavrov on Wednesday (27 July) criticized the reliance of the global economy on the US dollar, […]
Business Energy Europe Finance Headlines International Morocco

Green Financing tops EBRD’s 2021 investments in Morocco

North Africa Post

The European Bank for Reconstruction and Development’s (EBRD) injected €211 million in 10 projects carried out in Morocco in 2021. More than half of the total investment funded green projects. Through its Green Economy Financing Facility (GEFF) and the Green Value Chain Program, the EBRD provided a total of €88 million to partnering banks to […]
Business Emerging Markets Headlines Morocco

Morocco’s central bank kicks off instant inter-bank payments

North Africa Post

Clients of Moroccan banks can now enjoy instant transfers in real time and for free over the next three months, Morocco’s central bank said in a statement. The time-span for transfers between clients of Moroccan banks would now take no more than 20 seconds provided it is capped at 20,000 dirhams, it said. The initiative […]