Moroccan Dirham

Moroccan economy, boosted by manufacturing & tourism, to expand 2.9% in 2024 (EBRD)

Morocco’s economy is expected to grow by 2.9% in 2024, driven by a resurgence in manufacturing and tourism, according to the European Bank for Reconstruction and Development (EBRD). The EBRD’s latest regional economic outlook, released on Thursday, highlights the resilience of Morocco’s economy despite adverse weather conditions. “The recovery in manufacturing and tourism, bolstered by […]

ZTE completes deployment of Mauritania’s first national backbone network

ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, has announced that it has helped Mauritania complete the deployment of the country’s first national backbone network. As an important part of the world-bank financed WARCIP (West African Regional Communications Infrastructure Program), Mauritania’s national broadband network construction project […]

EIB supports microcredit activity in Morocco with €10 million

The European Investment Bank (EIB) will support income-generating microcredit activities in Morocco with a €10 million loan. The loan to be extended to the financing company of microfinance organizations “Jaida” will strengthen the company’s capacity to finance microfinance institutions in Morocco and support its action meant to promote financial inclusion and social development, said a […]