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King Felipe VI upbeat about Morocco-Spain Alliance

Spain and Morocco can build a “pioneering” alliance within the framework of the Euro-Mediterranean partnership that can contribute to bringing closer the two shores of the Mediterranean, said King Felipe VI of Spain, who vowed that Morocco will always find in Spain “a faithful and committed partner to support its progress in all areas.” Speaking […]

Morocco’s Akwa Africa to acquire Totalenergies business in Mauritania

Akwa Africa, a subsidiary of Moroccan Akwa group, is set to acquire Total Energies fuel distribution subsidiary in Mauritania, the competition council said. The council said it was informed about the sale without offering details on the transaction which Financial Afric said would amount to 185 million dollars. Akwa Africa was established to help the […]

Moroccan Banks Operating in 22 African Countries (Financial Times)

Moroccan banks are operating now in 22 African countries and around 17 per cent of their foreign activity is on the continent, says Financial Times in a special report shedding lights on Morocco’s economic potentials. “These African countries represent a real growth potential given the level of banking penetration, which remains one of the weakest […]