m6-Guinea

World Bank recognizes Morocco as Africa’s emerging financial powerhouse

Morocco has solidified its position as a regional financial and commercial hub for Africa, with Casablanca Finance City ranking as the continent’s leading financial center, according to a recent World Bank analysis highlighting the nation’s strategic economic transformation. The World Bank report emphasizes Morocco’s decade-long implementation of comprehensive financial market reforms designed to enhance efficiency, […]

Morocco earmarks $623 bln in aid to RAM

Morocco’s Royal Air Maroc, which has been hit hard by the coronavirus pandemic, will receive 6 billion dirhams (623 million dollars) from the government as part of a bailout plan. Speaking to members of the Upper House, Finance Minister Mohamed Benchaaboun said that the aid is part of state assistance to public enterprises in disarray […]

Conditions Conducive for Islamic Finance Expansion in Morocco- Al Baraka Bank

Bahrain’s Al Baraka Bank deems that the regulatory framework in Morocco is conducive for the launch of an Islamic finance venture. The Bank’s Chief Executive, Adnan Ahmed Yousif, told Reuters that the Bank targets the expanding Islamic finance in Morocco in effort to diversify assets and revenues in Africa. Morocco is attractive for Islamic banks […]