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Morocco Funds Islamic Centers Across Europe and Canada with $11 Million Investment

Morocco’s Ministry of Endowments and Islamic Affairs has allocated 105 million dirhams ($11 million) to support 18 associations managing Islamic centers in Europe and Canada, strengthening religious guidance for Moroccan diaspora communities. Minister Ahmed Toufiq announced the funding Monday while addressing the House of Representatives regarding support for Islamic centers serving Moroccans residing abroad and […]

Business Features Finance Headlines

Bank of Africa launches summer campaign for Moroccan diaspora

Bank of Africa has unveiled a comprehensive summer 2025 campaign targeting Moroccans living abroad, offering premium services, exclusive promotions, and investment support throughout their journey and stay in Morocco. The initiative represents a significant outreach effort to Morocco’s global citizens, combining financial services with cultural engagement. Headline offerings include a major lottery featuring 100 airline […]

Algeria Columns Europe Headlines International Maghreb

Algeria uses diaspora to stage subversive acts in France- intelligence report

Algeria under the new duo Tebboune-Chengriha hatched a plot to use its diaspora to blackmail and pressure France, according to an intelligence report cited by French media. The near 2.6 Algerians in France have been targeted with an Algerian propaganda plot which helped recruit influencers and members of the diaspora posing a serious destabilization risk […]

Business Finance Headlines

Africa’s diaspora remittances to grow 5,4% in 2024, market set to reach $500bn by 2035

Remittances to Africa and the Middle East, which play a pivotal role in many regional economies, significantly contributing to their GDP, are estimated to have increased 5.4% in 2024, primarily due to rebounded flows to Egypt, after a 14.6% decline in 2023. In 2024, remittance flows to low- and middle-income countries are expected to reach […]

Africa Features Headlines International

Senegal’s ruling Pastef party secures large majority in Parliament

The National Commission for the Counting of Votes has officially announced on November 21 the results, confirming a landslide victory for Ousmane Sonko’s Pastef party. Pastef secured 130 out of 165 parliamentary seats, far exceeding the 3/5 qualified majority it aimed for, now controlling 78% of the legislature. This historic win includes victories in 40 […]

Africa Business Community Finance Headlines International

Remittances from African diaspora grew in 2023, set to exceed $100bn in 2024

Global remittances from African diaspora to their home continent are set to exceed $100bn a year amid demographic trends in Europe such as an aging population and a low birth rate that are creating a need for continued migration. Remittances to low- and middle-income countries (LMICs) grew an estimated 3.8% last year, a moderation from […]

Community Emerging Markets Europe Headlines International Morocco

Morocco-Germany: Seminar on cooperation development held in Berlin

The development of Moroccan-German cooperation was the focus of a seminar held in Berlin on Friday by the German-Moroccan Skills Network “DMK”. The meeting, placed under the theme “Strategic dialogue to promote development cooperation”, was held as part of the commemoration of the 60th anniversary of the signing of the cooperation agreement between Morocco and […]

Business Features Finance Headlines

World Bank calls for further lowering of remittance costs to Sub-Saharan Africa

The World Bank and industry stakeholders have called for the lowering of the cost of sending remittances from the African diaspora to their home countries, as the money sent home is crucial in supporting household expenses in many developing countries. Sub-Saharan Africa remains the region most affected by the global crisis, but remittance inflows from […]

Headlines Morocco

Operation Marhaba 2022 Kicks off this Sunday, June 5

The 2022 edition of the Marhaba Operation to welcome Moroccans settled abroad who visit their home country for the summer holidays officially kicks off this Sunday June 5. The operation is launched, under the Presidency of King Mohammed VI, by the Mohammed V Foundation for Solidarity, which expects the numbers of diaspora visitors to be […]

Headlines Morocco

Moroccan diaspora breath sigh of relief at Royal instructions to make international travel cheaper

Members of the Moroccan community living abroad lauded the decision by King Mohammed VI to issue instructions for Moroccan travel operators to make travel tickets cheaper. The Moroccan diaspora is estimated at over 5 million people mostly living in Europe. Most of its members return during the summer holidays to visit the country and see […]