EU Commissioner for Neighborhood & Enlargement Oliver Varhelyi

Moroccan banks control 21% of the west African market

Thanks to decades of investments, Moroccan major banks increased their market share in the 8 countries of the West African economic community (ECOWAS) to 21%. A recent ECOWAS report highlighted the expansion of Morocco’s Attijari Wafabank, BCP and Bank of Africa, whose activities dominate some countries such as Mali. In Mali, the three banks have […]

Morocco’s OCP Partners with IAEA to Advance Fertilizer Efficiency with Nuclear Techniques for Global Food Security

Nuclear technology is used to enhance fertilizer efficiency primarily through isotopic tracing techniques, which allow scientists and farmers to determine the exact amount of nutrients plants absorb to reduce waste and costs, increase crop yields and mitigate environmental pollution. The International Atomic Energy Agency (IAEA) and Moroccan OCP Group, a global leader in plant nutrition solutions, have […]

Fitch Rating expects Moroccan banks profitability to improve in 2023

Fitch Rating highlighted the positive outlook for the seven largest Moroccan banks in 2023 whose profitability is set to improve on the back of a better risk management. “We expect profitability will improve at a faster pace in 2023 as lower impairment charges (LICs) should continue to decline while higher rates will start to feed […]