The African Development Bank (AfDB) approved on Wednesday in Abidjan a €264 million financing to Morocco, as part of its COVID-19 response support pro...
COVID-19: IBRD grants Tunisia €18.3m loan
The International Bank for Reconstruction and Development, IBRD, has lent Tunisia €18.3 million earmarked for the fight against the COVID-19 health cr...
Morocco’s spending on subsidies halved by April
Morocco’s spending on subsidies of basic consumer goods dropped to 2.2 billion dirhams by April, from 5 billion dirhams the same period last year. The...
EU supports Morocco’s health sector with €100 million
The European Union will extend Morocco €100 million (1.1 billion dirhams) to support the financing of the health sector in the context of the Covid-19...
AMF grants Morocco $127 Million Loan
The Arab Monetary Fund has granted Morocco a $127 million loan to provide financial resources to meet the country’s needs amid the global COVID-19 cri...
Post-confinement: Morocco to promote public investments, domestic consumption
Morocco’s economy has been hit hard by the coronavirus outbreak but plans have been set up to relaunch the economic activity through promoting state i...
Fitch downgrades three Moroccan banks
Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from St...
Morocco’s central bank asks banks to freeze distributing dividends
Morocco’s Central Bank, known as Bank Al Maghrib, asked banks not to pay 2019 dividends to shareholders in order to boost their capacity to dealing wi...
AfDB grants €12.3 million for Abidjan-Lagos road corridor project
The African Development Bank approved an additional funding of €12.33 million in favor of the ECOWAS Commission to cover part of the costs related to ...
COVID-19: Singer Gims, wife support African migrants in Marrakech
The renowned Congolese singer Maitre Gims and his wife DemDem, who are settled in Marrakech, have launched a solidarity campaign to support needy Afri...