RAM plane

Morocco’s Bank of Africa launches major initiative supporting small businesses

Bank of Africa has unveiled a comprehensive campaign to strengthen its position as the primary financial partner for Moroccan entrepreneurs, aligning with national efforts to revitalize the country’s small business sector and entrepreneurial ecosystem. The initiative responds to coordinated government programs led by Bank Al-Maghrib, Regional Investment Centers, and the Employment Ministry, all aimed at […]

Morocco’s Foreign Exchange Reserves Stand at 201.5 Bln Dirhams by July 2017

Morocco’s foreign exchange reserves stood at 201.5 billion Dirhams by July 2017, shrinking 16.4% compared to the same period last year, the Central Bank, Bank Al Maghrib said. The Bank said it maintains key interest rate at 2.33%, adding that the exchanges volume rose from 5.4 billion to 8.2 billion DH. The drop in Morocco’s […]

Morocco gives green light to Emmerson PLC to start building Africa’s largest Potash mine

Morocco’s energy and mining ministry gave a permit for London-listed Emmerson PLC to start building its 100% owned mine in Khemisset which will be Africa’s largest potash mine. The license provides the Company with the exclusive right to develop and mine the potash deposit in the Khemisset basin ahead of the anticipated initiation of construction […]