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Category: Finance
Morocco Gets Over € 125 Mln Funding from EIB & EU to Improve Rural Schooling
The European Investment Bank and the European Union support Morocco’s rural schooling program with € 125.8 million funding to serve for the building of 150 ... Read More
Morocco’s Central Bank gearing up digital currency
As many Western societies are going paperless and cashless, several central banks across the world started testing digital money to assess the risks and benefits ... Read More
EU to invest €1.6 billion in Morocco as part of its Global Gateway strategy
The European Union will invest €1.6 billion in Morocco to promote the green and digital transition. This investment is part of the new European strategy, ... Read More
Egypt seeks another ITFC financing for MSMEs
Egypt is seeking another financial support from the International Islamic Trade Finance Corporation (ITFC) to back micro-, small-, and medium-sized enterprises (MSMEs) after the country ... Read More
Tunisia recoups part of looted money deposited in Swiss banks
The Tunisian government has recovered a portion of money stolen by members of late President Zine el-Abidine Ben Ali’s regime, deposited in Swiss banks, the ... Read More
AFD celebrates 30 years of dense, diversified partnership with Morocco
The French Development Agency (AFD) celebrated on Monday, January 31, 2022, in Rabat, 30 years of cooperation with Morocco, a period during which it mobilized ... Read More
Green Financing tops EBRD’s 2021 investments in Morocco
The European Bank for Reconstruction and Development’s (EBRD) injected €211 million in 10 projects carried out in Morocco in 2021. More than half of the ... Read More
Tunisia turns to domestic banks to fund national budget over lack of foreign lending
The Tunisian government has been mounting pressure on local financial institutions to fund the 2022 national budget as the country struggles to land foreign loans ... Read More
Morocco cuts budget deficit to 6% of GDP in 2021
Thanks to an economic recovery and better tax revenue, the Moroccan government reduced its fiscal deficit to 6% of GDP in 2021 from 7% a ... Read More
Bayt Mal Al Quds Agency: Approval of development projects worth $1 million in Jerusalem
The Rabat-based Bayt Mal Al Quds Acharif Agency on Wednesday approved the first part of social and human development projects in Al Quds Acharif under ... Read More