First Independent Mena Newspaper
Morocco has an opportunity in the years ahead to boost economic growth and job creation, says World Bank Memorandum entitled “Morocco 2040- Emerging by Investing in Intangible Capital”. The new report, released Monday, provides an analysis of past economic performance as well as development opportunities and constraints, and then offers a roadmap for reforms to […]
Morocco reinforced its attractiveness for FDIs on the African continent thanks notably to its political stability and economic reforms, said the London-based multinational professional services firm, Ernst and Young (EY). According to EY’s latest Africa Attractiveness Index (AAI), Morocco was ranked the most luring for foreign investors, followed by Kenya, South Africa, Ghana and Tanzania. […]
Moroccan Attijariwafa Bank, la Caisse Centrale de Garantie and le Groupe Crédit Agricole du Maroc are among the major African banks vying for the 2017 African Banker Awards in various categories. These Awards are hosted by the African Banker Magazine. The winners will be announced during a ceremony to be held during the Annual Meetings […]
Morocco’s Attijariwafa Bank obtained on May 3 the regulatory approval to acquire the Egyptian branch of Barclays which has shifted towards focusing its activity on the US and Britain. Attijariwafa Bank has finally obtained all regulatory requirements to acquire 100% of Barclays Egypt capital after an agreement was signed by the two banks in October […]
Japanese companies operating in Morocco have quadrupled in recent years in light of the investments opportunities offered by Morocco, notably in the sectors of car making and electronics, said Japan’s Parliamentary Vice-Minister for Foreign Affairs Shunsuke TAKEI, who is leading a Japanese business delegation on a visit to Morocco. “Japanese enterprises can contribute to the […]
Morocco continues to make notable progress in economic liberalization, according to 2017 Index of Economic Freedom created by the Heritage Foundation and Wall Street Journal. The North African country, which ranked 8th in Africa and 86th globally, is benefiting from a commitment to economic reforms that encourage a dynamically evolving private sector, says the annual […]
UK Company SDX Energy Inc. said that its drilling campaign in Morocco remains on schedule for two exploration wells in the second half of 2017, as it has obtained extensions to its exploration permits. The company said the Lalla Mimouna Nord & Sud permits, covering an area of over 2211 km2 located in the Gharb […]
Moroccan financial company Wafacash has sealed a deal with WorldRemit, an online money transfer service provider, enabling Moroccans living overseas to send money to their homeland wherein the cash will be available instantly for the beneficiaries. The money transfers wired though WorldRemit system can be picked up from any of the 1620 Wafacash locations installed […]
Mauritania can rejoice for a successful participation in the summit of Arab financial institutions held in Rabat after the North African country received over $100 million of loans for the execution of projects in mining and energy, reports say. A first deal between Moctar Ould Diaye, Mauritania’s finance minister and the chairperson of the Arab […]
Libya’s National Oil Corporation (NOC) announced a deal with Morocco’s Banque Marocaine du Commerce Exterieur (BMCE) to attract new investors in a move defined as slap for the UN-backed Presidential Council. NOC head Mustafa Sanalla signed a Memorandum of Understanding (MoU) with BMCE’s Ibrahim Benjelloun Touimi in Vienna on Friday making the Moroccan bank one […]