Al Arabiya channel

Morocco’s Banque Centrale Populaire acquires majority shares in Cameroon’s BICEC bank

Morocco’s Banque Centrale Populaire, BCP, has acquired 68.5 per cent of Cameroon’s Banque Internationale du Cameroun pour l’épargne et le crédit (BICEC). Till that acquisition, the assets were owned by French group BPCE (Banque Populaire et Caisse d’épargne).   The deal was signed Tuesday at BICEC headquarters in Douala, Business in Cameroon reports. Kamal Mokdad, […]

Morocco, Leader in Africa’s Macroeconomic Integration

Morocco ranked 1st in Africa in macroeconomic integration in “Africa Regional Integration Index 2019”, published lately by the UN Economic Commission for Africa (UNECA), the African Development Bank (AfDB) and the African Union Commission. With a score of 0.809, Morocco takes the lead in the continent macroeconomic integration. Mauritius came in the second place followed […]

Covid-19: Moroccan courts hold videoconference hearings

Moroccan courts resorted to holding hearings via video conferences allowing defendants to see proceedings in a courtroom attended only by judges and lawyers as a protective measure against the coronavirus. Moroccan prison administration has already decided not to let inmates out to attend court hearings for fears of contagion after cases were found in jails. […]