Category: Finance

EBRD contributes €65 Million for expanding capacity of Ports of Casablanca, Jorf Lasfar

December 14, 2024

The European Bank for Reconstruction and Development (EBRD) will contribute €65 million to fund projects aimed at expanding the capacity and optimizing the operations of ... Read More

Cyptos to boost Morocco’s financial inclusion- Finance minister

December 11, 2024

Finance minister Nadia Fattah Alaoui said the introduction of cryptocurrencies in Morocco would help promote financial inclusion provided they are governed by a sound legal ... Read More

IMF urges Libya to agree on unified budget for 2025

December 11, 2024

The International Monetary Fund has urged Libyan authorities to prioritize spending through an approved and unified 2025 budget to prevent pro-cyclical expenditure and enhance resource ... Read More

AfDB contributes €104.7 million to boost water sector in Morocco, speed up ONEE digitalization

December 10, 2024

The African Development Bank (AfDB) has extended Morocco a €104.7 million loan to boost the water sector in the Kingdom. The funding is destined to ... Read More

Morocco’s GDP grew 10% in 2023- statistics agency

December 9, 2024

Morocco’s GDP grew 10% to 146 billion dollars in 2023, the high commission for planning, HCP, said in its final statistics. Financial and non-financial firms ... Read More

Algeria: Freezing of assets of generals & civilian elites abroad, a pressure measure on authoritarian regime

December 8, 2024

The freezing of assets belonging to active or retired Algerian military generals and elites is meant to exert pressure on the authoritarian and military regime ... Read More

Morocco’s ONCF draws investors’ interest at AfDB’s Africa Investment Forum, commitments exceed $14 billion

December 7, 2024

Morocco’s railway operator ONCF has presented a “strategic” plan to expand the service for a total cost of 8.8 billion dollars, in a project that ... Read More

AfDB garners $29.2 billion in its investment forum in Rabat

December 7, 2024

Curtains fell on the Africa Investment Forum in Rabat which helped the African Development Bank (AfDB) mobilize a total funding of $29.2 billion for 47 ... Read More

AfDB loans Morocco €350 mln, promises €650 mln for World Cup infrastructure financing

December 6, 2024

The African Development Bank signed a loan agreement worth 350 million euros in support of Moroco’s economic governance, climate resilience, water management, and industry as ... Read More

Libya takes bold steps to address liquidity crisis with new banknote printing and digital payment initiatives

December 6, 2024

Libya is enacting extraordinary measures to tackle its persistent liquidity crisis. On December 5, 2024, the Central Bank of Libya announced a partnership with the ... Read More