First Independent Mena Newspaper
Governor of Bank Al-Maghrib Abdellatif Jouahri was named among the top ten central bank governors in the world in 2019 for the third year in a row. Jouahri got an “A”, the maximum grade awarded by New York magazine Global Finance in its ranking “Central Banker Report Cards 2019”, bringing together 94 governors of central […]
In a bid to scale up investment efforts to reach sustainable development targets, the UN Secretary General last week launched a UN-supported coalition of 30 world business leaders, including Moroccan businesswoman Miriem Bensalah-Chaqroun. The Global Investors for Sustainable Development Alliance (GISD) is tasked with providing decisive leadership in mobilizing resources for sustainable development, with the […]
Morocco’s 2020 draft budget provides for a series of measures to improve the purchasing power of the poor, increases funding for social services and augments spending to back the reforms of the health and education sectors. The document, shared widely on Moroccan media ahead of its submission to Parliament’s deliberations, allocates 26 billion dirhams for […]
Morocco’s Banque Centrale Populaire, BCP, finalized Thursday the acquisition of 71 per cent stakes in Banque de Madagascar et de l’Océan Indien (BMOI), an Antananarivo-based bank owned by French group BPCE (Banque Populaire et Caisse d’épargne). The deal signed at BMOI will enable the BCP to deepen its foothold in the Indian Ocean area and […]
Senegal’s national carrier will launch from December 3 its Dakar – Casablanca route with the aim to boost Senegal-Mauritania-Morocco economic axis, Air Sénégal said in a statement. The flight will be operated by an A319 from Blaise Diagne Diass airport. Air traffic between Senegal and Morocco is currently only provided by Royal Air Maroc, the […]
Morocco and South Africa turned the page on 15 years of lower diplomatic representation with the accreditation of Youssef Amrani as Morocco’s ambassador to Pretoria, a move that puts bilateral relations on track of fruitful economic cooperation, a South African paper said. The move came after Rabat and Pretoria decided to upgrade their bilateral ties […]
Morocco has developed one of the most advanced telecommunications markets in Africa, supported by the government’s Maroc Digital 2020 strategy to encourage the development of a digital economy and on the National Broadband Plan which aims to provide fixed or mobile broadband access to the entire population by 2022. This came in the latest report […]
From January 2020, citizens travelling within the Economic Community of West African States (ECOWAS) will pay no roaming charges following the implementation of the ECOWAS Roaming Initiative. The initiative is aimed at creating an enabling environment for the international mobile roaming market to ensure affordable access to roaming services for voice, SMS and data. According […]
Economic growth in the region of North Africa and the Middle East is expected to drop to 0.6 pc in 2019 against a 1.2 pc growth posted last year, says the World Bank in its latest report. The growth forecast for 2019 has been revised downwards due to intensified global economic headwinds and rising geopolitical […]
India is interested in strengthening its bilateral cooperation with Morocco notably in fields pertaining to economy and industry, India’s foreign minister Subrahmanyam Jaishankar said. The two countries, already bound by strong ties, have yet to unlock the full potential of their relations by increasing mutual investments and by examining prospects for a free trade agreement, […]