Morocco’s Bank of Africa said its 2023 profit increased 16% to 260 million dollars last year, with a net banking income of 1.7 billion dollars, up 9%. African branches contributed by 56% in this performance while Moroccan business accounted for 42% of total earnings, the bank said. Bank of Africa, previously known as […]
As Algerians continue to suffer in long queues for basic goods, the military regime in Algeria has allocated its defense department a bloated budget of 21.6 billion dollars in 2024, up from 19 billion this year. The army thus widens the gap with other departments as the largest spending sector, mirroring its position as a […]
Morocco’s 2022 draft budget plans measures to bolster economic recovery, generalize social safety nets, and promote employment in addition to continuing the overhaul of the health and education sectors, a statement of the Royal Palace said. The statement was issued after a Council of Ministers, held Sunday under the chairmanship of King Mohammed VI and […]
