Category: Finance

Morocco Gets Over € 125 Mln Funding from EIB & EU to Improve Rural Schooling

February 16, 2022

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

February 10, 2022

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

February 9, 2022

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

February 8, 2022

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

February 2, 2022

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

February 1, 2022

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

January 28, 2022

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

January 27, 2022

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

January 27, 2022

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

January 27, 2022

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