US Prosper Africa program

Holmarcom take over of BMCI marks exit of the last French lender from Morocco’s retail banking sector

Moroccan conglomerate Holmarcom is set to deepen the shift toward local ownership in the kingdom’s banking sector with its planned acquisition of BMCI from France’s BNP Paribas, in a deal that underscores the exit of the last French bank from Morocco’s retail lending. After completion of regulatory requirements, Holmarcom plans to merge BMCI with Crédit […]

Copper/Silver Exploration: Morocco Renews Talisman Metals Fougnar Licenses

Morocco’s Ministry of Energy and Mines has renewed Talisman Metals’ Fougnar licenses – two exploration licenses that make up the company’s Fougnar project. Both licenses have been extended for the next four years until 2030. The Fougnar Project consists of two exploration licenses covering 30.6 square kilometers and is held 100% by Talisman through a […]

Morocco reiterates its unwavering commitment to regional peace, calls for new regional order

Minister of Foreign Affairs, Nasser Bourita, reiterated Morocco’s unwavering commitment to regional peace, and called for establishing a new regional order, in which Israel is a stakeholder rather than an “outsider in its own region”. “Stay assured of Morocco’s unwavering and continuous commitment to doing what it takes to contribute genuinely to regional peace,” said […]