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Morocco’s BCP Secures Funds to Upgrade Business Financing in West Africa

The Central People’s Bank of Morocco (BCP) has secured funds from Proparco and the African Development Bank, destined to upgrade its business financing in West Africa, mainly in Côte d’Ivoire, Guinea, Mali and Senegal, where the bank is operating through its subsidiary Banque Atlantique. BCP has thus signed Thursday in Casablanca a funding agreement with […]

Spain’s position on Sahara “coherent, respectful of international law” – Spanish Official

The support of the Spanish government for the Moroccan autonomy initiative for the Sahara constitutes a “coherent and respectful position of international law”, affirmed, on Monday, the Spanish Secretary of State for Foreign and Global Affairs, Angeles Moreno Bau. By supporting autonomy as being “the most serious, realistic and credible basis” for the resolution of […]

Egypt: Controversy around a new tax

The Egyptian government has made another U-turn after a lot of pressure from investors. The government decided to unveil a 10% tax on stock dividends and investment gains from takeovers in December 2012, but the decision wasn’t welcomed by investors. The government says it is part of the austerity measures that should be implemented to […]