Category: Finance

Morocco braces for deepening budget, trade deficits on back of global economic uncertainties

March 8, 2022

The surge of commodities prices and its impact on subsidized products augurs ill for the Moroccan economy which has to prepare for a deepening budget ... Read More

Tanger-Med Port attracts new $120 Mln private investments

March 4, 2022

In 2021, $120 million private investments were injected in 28 new projects in all Tanger Med’s activity zones, says the port’s management in its latest ... Read More

Casablanca stock exchange launches charm offensive to encourage listing

February 23, 2022

The Casablanca stock exchange has launched a campaign to encourage SMEs to issue initial public offerings to enable them to access equity funding in an ... Read More

US provides $35 million for Tunisia SMEs

February 23, 2022

The US embassy launched Tuesday a financial support scheme worth $35 million in a favor of Small and Medium Size Enterprises (SMEs) that have difficult ... Read More

Tunisia to benefit from AfDB program to promote investment in decentralized renewable energy

February 22, 2022

Tunisia will benefit from the African Development Bank’s (AfDB) Leveraging Energy Access Finance Framework (LEAF) program to promote investment in decentralized renewable energy backed by ... Read More

EBRD provides €50 Mln to two Moroccan banks to support Morocco’s green transition

February 18, 2022

The European Bank for Reconstruction and Development has approved loans totaling €50 million to two Moroccan banks, namely “Crédit du Maroc” and “Société Générale Maroc” ... Read More

EBRD contributes €12 million for setting up an automotive testing center in Morocco

February 18, 2022

The European Bank for Reconstruction and Development (EBRD) is strengthening the competitiveness of the private manufacturing and service sector in Morocco with a €12 million ... Read More

Libya’s Central bank under some international pressure to cut off funding for Dbeibeh-led Cabinet

February 17, 2022

The governor of the Libyan central bank, Saddek El-Kaber, is being pressured by some international parties to cut off financing for the Government of National ... Read More

Morocco allocates $1 billion to mitigating drought

February 16, 2022

King Mohammed VI ordered the allocation of 10 billion dirhams ($1 billion) to mitigate the impact of drought on farmers, the Royal Palace said. Morocco ... Read More

World Bank lends Tunisia $400m for social reforms

February 16, 2022

The World Bank Tuesday announced the intent to provide $400 million to Tunisia in view of backing social reforms. Ferid Belhaj, World Bank Vice President ... Read More