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Morocco’s Attijariwafa Bank profit hits record $950 million in 2024

Attijariwafa Bank reported a 26.6% increase in its annual 2024 net profit to 950 million dollars, amid an expansion of activity in Morocco and in African subsidiaries. The bank reported an 8% increase in loans to the economy in Morocco, raising its market share to 28.1% from 26.9% in 2023, it said in a statement […]

Gradual Dirham Float will not Lead to Devaluation- Central Bank

The launch of the gradual float of the Dirham to reach a flexible exchange rate regime will not lead to currency devaluation reassured Governor of Bank Al Maghrib, Abdellatif Jouahri. Speaking at a press conference in Rabat, Jouahri played down the speculations on risks of Dirham devaluation due to the currency float saying that the […]

Mauritania: International Handifestival in limbo

The 6th International Handifestival will be held from the 1st to the 4th of December in Nouakchott despite the financial difficulties confronting the organizers with less than 25% of the budget acquired. The event is organized by the ‘Nyellitaaré Légnol’ musical group managed by Mohamed Camara who also serves the president of the Mauritanian musicians. […]