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Category: Finance
France’s Société Generale to sell its business in Morocco – media reports
France’s Société General plans to sell majority stakes in its Morocco banking activity to Saham, Moroccan media reported. Saham, owned by former industry minister Moulay ... Read More
Morocco-EU: Launch of “Just Transition” project for successful climate policy
The "Just Transition" project aimed at supporting Morocco's efforts to implement its climate policy was launched on Wednesday in Rabat, by the European Union and ... Read More
Saudi, Qatari investors may follow UAE in ‘buying up’ Egypt’s coastline
Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also ... Read More
Nigeria enforces a yearly levy on expatriate employees
Nigeria has introduced a compulsory yearly levy for companies hiring foreign workers, charging $15,000 for directors and $10,000 for other employees. The aim is to ... Read More
Three West African coup-hit states ponder ditching French colonial currency
Junta leaders in the coup-hit West African countries have recently made headlines when they pushed for the ditching of the West African franc (CFA), a ... Read More
Morocco receives $275 million in Solidarity Fund against catastrophic events
A parametric insurance pool, facilitated by reinsurance broker Gallagher Re, paid out $275 million to Morocco’s Solidarity Fund against Catastrophic Events (FSEC), responding to the ... Read More
EBRD invests over €400 million in Morocco’s water sector, says Local director
EBRD's Head for Morocco Antoine Sallé de Chou announced on Thursday at the Mohammed VI Polytechnic University (UM6P) in Salé that the European Bank for ... Read More
Spain to invest €45 billion in Morocco by 2050
Spain is planning to invest 45 billion euros in Morocco by 2050 in various projects, said Spanish Prime minister Pedro Sanchez at a press conference ... Read More
Niger again fails to meet debt payment as post-coup woes pile
Niger failed to make a debt payment of 13.4 billion CFA francs ($22 million) last week, the West African debt management agency said on Monday ... Read More
AfDB Lends OCP Group $188 Mln for Green Projects
The African Development Bank has provided Morocco’s OCP Group three loans totaling 188 Million U.S. dollars for green projects planned by the world's leading producer ... Read More