Banking

The BCP group, a leading Pan-African banking player, and Huawei, a global operator in the telecoms and new information technology sector, have signed a Memorandum of Understanding (MoU) in order to consolidate their strategic cooperation on the scale of the African continent, both on the banking side and on that …

Edmond de Rothschild Private Equity is planning to make new investments in Morocco and would have done so already had COVID-19 not arrived, CEO Johnny El Hachem said. “We have deals in the pipeline we are ready to make,” adds El Hachem. “Morocco offers huge opportunity. We will focus here …

Bank of Africa has been designated by the European Bank for Reconstruction and Development (EBRD) as “Most Active Partner Bank in Morocco in 2019” as part of its Trade Facilitation Program. This program, which offers a wide range of products, aims to promote international trade between the EBRD’s countries of …

Monday, the Board of Directors of the WB approved funding of 500 million dollars (nearly MAD 5 billion) intended to support the important political reforms necessary for the establishment of an environment conducive to digital transformation in Morocco. Financing in support of development policies in favor of digital and financial …

In a context of health crisis, new consumption trends are confirmed. The use of digital and specifically electronic means of payment is accelerating. Mobile payment appears to be an alternative to the use of cash payment, guaranteeing instantaneity and security. In order to allow the hundreds of thousands of wallets …

A new consecration for the group on a national and continental scale. The international journal Global Trade Review has just awarded Attijariwafa Bank (AWB) as Leader in Trade in Morocco in 2020 (Best Moroccan bank in trade finance in 2020). This trophy rewards leading banks in terms of financing foreign …

The national economy would contract by 5.2% in 2020, followed by a rebound of 4.2% in 2021, according to forecasts by Bank Al-Maghrib (BAM). “Pasturing from the combined effect of drought and restrictions to limit the spread of Covid-19, the economy would, according to projections by Bank Al-Maghrib, contract by …

The Board of Bank Al-Maghrib, meeting on Tuesday June 16, decided to make a second reduction in the key rate by 50 basis points, bringing it down to 1.5%, and to fully release the reserve account for the benefit of banks. In a press release, the Central Bank explains that …

A few days after its launch, MT Cash, a subsidiary of the Maroc Telecom group, is developing a new feature that allows its customers to fund their mobile accounts via bank cards, without having to travel to an agency. This functionality allows you to diversify the feed channels of MT …

A social Morocco, creator of wealth at regional level, digital and sustainable. These are the priorities in terms of development model that the Kingdom should have, in the medium term, after the Covid crisis, according to an analysis by McKinsey. The international consulting firm has prepared a document entitled “Perspectives …