Morocco’s BCP Bank posts 10.6% net banking income increase

Morocco’s second biggest lender, BCP, said its net banking income rose 10.6% to 22.8 billion dirhams in 2023. This performance is attributed to the strengthening of the interest margin by 1.9%, an 8% growth in the commission margin, and an increase in the result from market activities by 65.8%, the bank said. The bank’s net […]

Mauritania and EU improve fisheries agreement

The much criticized fisheries agreement between the Islamic Republic of Mauritania and the European Union (EU) has been reviewed after successful negotiations between parties in Nouakchott. Improvements were made on license conditions but Mauritania’s financial gains were reduced. Most of the improvements were centered on fishery resource planning and protection in relation to previous agreements. […]

Morocco to legalize working from home

The Moroccan government is about to submit a draft law on working from home or any other locations away from the public administration in a move that comes after the coronavirus outbreak. The draft law will provide for conditions and terms for working away from the administration which can last for up to one year […]