moroccan anthropologist Aomar-Boum

Morocco’s CFG Bank seeks Casablanca listing

CFG Bank, one of the smallest banks in Morocco, plans to issue an initial public offering at the Casablanca stock exchange. The decision was made by the bank’s general assembly with the aim to raise 600 million dirhams through a capital increase at the stock exchange. CFG will issue new shares with a par value […]

Moroccan employers happy with interest rate cuts

Head of Moroccan employers association (CGEM) Chakib Alj said the key interest rate and reserve requirement cut to 1.5% and 0% respectively are conducive for an economic recovery from the repercussions of the coronavirus. These cuts give banks more flexibility in financing enterprises during this crisis notably SMEs, he told local media. The government has […]

Coronavirus: intensive care cases drop to 3% in Morocco – Health Ministry

Morocco registers a volatility in the number of cases which rose on Saturday to 4729 of whom 3% are receiving medical care in intensive care units, head of Morocco’s counter pandemic department, Mohamed EL Youbi said. Total deaths slowed to 173 while recoveries jumped to 1256 as Moroccan medics adapt to the chloroquine-based treatment, which […]