First Independent Mena Newspaper
Morocco’s BMCE Bank and ACWA Power Maroc won honors at the 13th Arabia CSR Network Awards, regarded as the ‘Green Oscars of the Middle East’. The awards recognize the corporate social responsibility (CSR) initiatives of green champions from across the region. BMCE Bank Group won the CSR award in the category of Financial […]
Moroccan banks have invested more than $1.8 billion in 25 African countries between 2007-2017, says a report released by the Moroccan ministry of economy & finance. These investments represent 52.2 pc of total Moroccan funds injected in Africa. Over 16.4 pc of the Moroccan investments were made in the telecom sector, 12.3 pc in industry […]
Islamic banking products in Morocco could expand their deposit bases by 5 to 10 pc, says Fitch Ratings, noting that the ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding. “We expect growth of participation banks in Morocco will be high initially, as […]
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 […]
The second edition of African Business Connect brought together in Kigali 400 companies from Morocco and Rwanda to prospect business and investment opportunities. During the event, co-organized by BMCE bank in partnership with Morocco’s export promotion agency (Maroc export), special emphasis was placed on the sectors of energy, finance, transport and logistics, information and technology, […]
Morocco, host country of COP22 in Marrakech November 7-18 and gate for investments in Africa, is busy working to encourage international financial institutions to support green banking markets in African continent. BMCE Bank of Africa has teamed with the European Bank for Reconstruction and Development (EBRD) and organized on Wednesday a conference in Casablanca to […]
King Mohammed VI of Morocco will undertake shortly official visits to Ethiopia, Rwanda and Tanzania as part of an African strategy that aims at diversifying partners and building bridges of solidarity and economic cooperation with key English speaking countries in the continent. The visit was announced by the well-informed online news outlet, le360.ma, which said […]