Iftar

Netflix plans to expand its Africa operations, building on hit series

Netflix plans to expand its operations in Africa, building on the success of hit shows and series like the South African drama “Blood and Water”, the online video-streaming giant said. Netflix has invested $175 million in film content production in the continent since launching its operations in South Africa, Kenya and Nigeria in 2016, having […]

Fitch Ratings highlights resilience of Moroccan banks

Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis caused a 6.3 pc Moroccan GDP contraction in 2020, the worst contraction in 25 years. “The banks’ asset quality and profitability weakened noticeably in 2020. Nonetheless, their credit profiles were […]

Morocco to spend $220 mln in aid to pandemic hit tourism sector

Morocco has approved a package of 2 billion dirhams ($220 million) to help the tourism sector manage the fallout of the pandemic, the tourism ministry said. The emergency aid was approved in a meeting attended by the head of the government, tourism minister, and finance minister. The package aims to mitigate the impact of a […]